Nearly 25% in 17 days. That’s how far prices on late-model pre-owned Teslas fell at the outset of 2023 compared to their June 2022 peak, according to data from Edmunds. After the automaker announced price cuts on Jan. 13, Edmunds examined, among other metrics, the impact on listing prices for used Teslas and the … [Read More]

KAR Global said Monday that its CARWAVE and BacklotCars products have integrated into a single digital platform, which is hosted on BacklotCars. The platform offers both a live auction (currently held on Mondays and Thursdays) and a 24-7 marketplace, giving dealers flexibility, along with more inventory access for buying dealers and a deeper buyer base for […] [Read More]

She was among Auto Remarketing’s annual Remarketing & Used-Car Industry’s 40 Under 40 honorees in 2019, and Melanie Wilson now is interim CEO of the National Independent Automobile Dealers Association. In this episode of the Auto Remarketing Podcast, Wilson shared her initial thoughts on taking on this role and what her most important priorities are. […] [Read More]

Parks Automotive Group, which owns 13 stores throughout the Carolinas and Virginia, has purchased two dealerships near the Charlotte, N.C. area from Jack Salzman and Robin Salzman: Lake Norman Chrysler Dodge Jeep Ram and Gastonia Chrysler Dodge Jeep Ram. That’s according to a news release from Haig Partners, which was the sell-side advisor on the […] [Read More]

The National Automobile Dealers Association is doing more than just gearing up for NADA Show 2023 this week in Dallas. On Monday, the Mobility Open Blockchain Initiative (MOBI) welcomed NADA to the organization that aims to develop and accelerate adoption of zero trust Web3 standards and solutions to enable seamless and secure business processes, while […] [Read More]

Dealer Pay understands that funds are taken from customers at multiple locations with a single dealership. For more than two decades, Dealer Pay has provided payment acceptance and point-of-sale (POS) solutions, exclusively to dealerships, and now the company has additional offerings, including: —Transaction Management Tool that can helps users search, filter, sort, void/refund, receipt, and […] [Read More]

Last week was another notable one for industry veteran Daniel Parry. His company, TruDecision, announced the launch of its credit attribute engine TruDec AE that can integrate application, contract structure, credit bureau and alternative data to provide finance the “next generation” of modeling attributes. Parry also joined the advisory board for Leasly, a fintech company […] [Read More]

RouteOne highlighted five capabilities of the new dealership F&I tool it rolled out last week. The company explained RouteOne Insights can provide users instant access to web-based data analytics that are fully customizable to a dealer’s unique processes and requirements. RouteOne said this tool can allow users to understand and explore critical business data, creating […] [Read More]

Along with all of the auto festivities this week in Dallas, it’s also Data Privacy Week, which is orchestrated by the National Cybersecurity Alliance (NCA). After expanding Data Privacy Day into a week-long initiative for the first time last year, NCA highlighted Data Privacy Week will continue to raise awareness about the importance of digital […] [Read More]

Trusted Sale started out in 2018 as a platform to help private parties sell their vehicles easier and more safely. After expanding in various ways since then, the company has now started a program to certify used electric vehicles. Paul Brobson is founder and CEO of the company, which also included a certified pre-owned program […] [Read More]