EpiCar wants to help dealerships find the inventory they need by leveraging available vehicles ready to be let go by private owners. Through a platform deployed on Monday, EpiCar is connecting dealers directly with vehicles sourced from private owners, ready for immediate bidding and acquisition. The company said its predictive analytics can empower dealers to […] [Read More]

For the second month in a row, a major used-vehicle retailer filed for bankruptcy with the intention of shutting down operations. Late on Friday, Shift Technologies announced that it and its subsidiaries intend to file a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court to […] [Read More]

Alfa recently rolled out the fifth and final installment in its Innovation in Implementation series. That last piece from the asset finance software solutions provider is titled, “Establishing Winning Frameworks and Teams.” It explores the “indispensable” role of people in mitigating the risks associated with large and complex technology transformations. Alfa’s Innovation in Implementation series […] [Read More]

One of Santander’s flourishing relationships with an automaker in Europe now is coming to fruition in the United States. Santander Consumer USA announced a new, exclusive multi-year agreement in the U.S. with INEOS Automotive that will enable the finance company to serve as INEOS Automotive’s preferred provider of automobile financial services in the United States. […] [Read More]

Last week, StoneEagle announced the transition of its chief technology officer, as Gary Peek will take on the role from Chris Tynes, who has been with the provider of F&I and service metrics reporting, menu sales tools, an F&I product administration platform, and data solutions since 2013. StoneEagle said Tynes will slide into an advisory […] [Read More]

Dealers, it seems, are shoring up used-car inventories on their lots in case the United Auto Workers strike is prolonged and they’re left empty-handed on the new-car side. According to the latest Intelligence Report from CarGurus, used-vehicle inventory at dealerships in September jumped 2.5% from August, though still down 3.8% year-over-year and 8.4% from pre-COVID […] [Read More]

Toyota Canada and its team of dealers donated almost a million to food banks across the country. The combined donation came to over $900,000. The Canadian economy is a tough one for consumers, as inflation and rising interest rates are pushing food insecurity rates in the country to rise. Food banks are seeing more and […] [Read More]

Vehicle thefts in Canada have grown at a considerable rate since 2021 and continue to rise, with 2023 numbers expected to beat year-ago figures, according to Statistics Canada. Watch the progression: In 2021, 83,416 vehicles were stolen in Canada. This number rose to 105,673 last year. And according to Statistics Canada, 2023 is trending upward […] [Read More]

Whether you call it a micro-lease, a subscription, or long-term rental, flexible, turnkey vehicle access without any long-term commitment now dominates personal transportation in Europe. And developments suggest that a larger presence in U.S. dealerships will be coming soon. I was listening to a panel discussion with some very esteemed automotive economists recently, and in […] [Read More]

The wholesale used-vehicle market ended the third quarter with some stability, but the duration of that steadiness likely hinges on how the United Auto Workers strike unfolds. As one analyst put it, the used-car market has reached a “crossroads.” That’s the state of affairs illustrated by the monthly used-car price indices released this week by […] [Read More]