BuyAutoInsurance.com recently shared research about uninsured motorist (UM) and underinsured motorist (UIM) insurance coverage, reporting that 13% of American drivers either have inadequate auto insurance coverage or none at all. To help turn those kinds of trends, DriveItAway Holdings announced a partnership this week with DigiSure, a Protection-as-a-Service platform providing screening, insurance management and claims […] [Read More]

E Automotive Inc. released its third-quarter and year-to-date earnings results earlier this week, sharing increases in both revenue and vehicles transacted, among other highlights. It has been a busy year for E Inc., parent company of the EBlock digital wholesale marketplace and EDealer custom dealer website provider. For Q3, revenue was up … [Read More]

Equifax vice president of verification services Shelly Nischbach made time for the Auto Remarketing Podcast to discuss how finance companies are sharpening their underwriting in light of the recessionary and rising interest rate environment they’re facing. Nischbach also touched on how important it is for dealers and finance companies to put consumers into a vehicle […] [Read More]

Two floorplan providers familiar to independent dealerships made major announcements this week. AFC, a business unit of KAR Global, shared an update about Principal Pass, while Kinetic Advantage expanded its leadership team. AFC said through a news release that more than $2 million in deferred principal payments have happened since launching its deferred curtailment program. […] [Read More]

TRADER Corp. said Thursday it is acquiring Dealertrack Canada from Cox Automotive’s Canadian retail business, along with the Canadian operations of VinSolutions, Dealer.com, Xtime and Kelley Blue Book. The company said most Canadian Cox Automotive Retail employees will likely move to TRADER. “We’re delighted to welcome so many Canadian employees and customers to join us […] [Read More]

I can’t help but associate iconic “Anchorman” Ron Burgundy, played by Will Ferrell, with San Diego. He’s hilarious in the role, and he paints a picture of life here during a laid-back time. I also warmly associate this hotel and San Diego with the events we’ve hosted here through the years. We first found this […] [Read More]

There has been a surreal quality to the market developments that have unfolded in the automotive sector through a pandemic-defined economy that has disrupted production without diminishing demand. Nowhere has this manifested itself more dramatically than in the used-vehicle market. Success has been more closely tied to buying (putting cars on lots) than selling (guiding […] [Read More]

In separate letters sent to its investors and dealer clients on Wednesday, Car Capital said it is still in business, but it paused auto finance originations due to “difficult capital market conditions.” As a result, Car Capital also said it “executed a material reduction” in its workforce, particularly the employees who helped to build its […] [Read More]

Ravin AI, which provides artificial intelligence-powered visual inspection services, said Wednesday that Hertz is piloting the company’s AI technology in Sweden and Norway. The collaboration is designed to improve the “efficiency, objectivity and standardization” for Hertz’s inspections and improve the customer experience. “We’ve tested different technologies that focus on automation and vehicle inspection, and Ravin […] [Read More]

Most companies would bemoan a 67% drop in the number of vehicles sold online in the third quarter of 2022. Not so used car retailer Vroom. “We've made the choice to slow down. We slowed down with the intent to continue improving our customer experience. We plan to live within our means while we prioritize […] [Read More]