Broadcasters of sporting events during an exciting portion of the contest sometimes will exclaim a phrase like, “Let’s see what happens next!” Well, Black Book experts are sort of doing the same thing as they’re watching the wholesale market, which generated another record weekly price decline. Black Book reported wholesale values dropped another 1.52% during […] [Read More]

The manufacturers of some of the aftermarket products that might make that used truck or SUV more appealing to your potential buyer now will operate as one company. On Tuesday, RealTruck announced it has acquired IDDEA (Industria Diseñadora De Autopartes), which goes to market under the Go Rhino brand. Officials said Go Rhino holds 40 […] [Read More]

Lotlinx is now offering dealers access to a weekly report it’s calling “the first of its kind.” The VIN-specific inventory management platform has launched the Lotlinx Risk Report, a free weekly data analysis customized to each dealer, designed to help dealers understand how they compare in the local market and identify areas of potential risk. […] [Read More]

FrogData rolled out its second new tool of the summer to help dealerships navigate through warranty claims. On Tuesday, the provider of artificial intelligence and decision analytics solutions for the automotive industry launched WarrantyMind AI, an end-to-end remote warranty administration service designed to optimize the warranty claims process for dealerships. As consumer demand rises for […] [Read More]

Agora Data announced last week that it closed a $160 million private term financing on Aug. 11, marking the fourth privately placed term financing for the company that offers low-cost capital along with performance data and analytics for independent and buy-here, pay-here dealerships. Agora said each of the company’s first three term financing deals performed […] [Read More]

Along with taking a deep look at the banking sector, S&P Global Ratings also published its latest views on U.S. auto loan asset-backed securities (ABS). Analysts arrived at four assertions when looking at ABS performance for June. They included: —Performance weakened for the month of June with prime and subprime annualized losses increasing month-over-month and […] [Read More]

Service department activity at franchised dealerships fell significantly in July, according to analysis of Xtime metrics cited in a Cox Automotive Data Point report. The report showed service revenue down slightly for the third consecutive month after reaching record highs in March and April, while the Repair Order Volume Index decreased compared to the previous […] [Read More]

The softening in the Manheim Used Vehicle Value Index at August’s halfway point has slowed from July’s declines, according to an analysis released by Cox Automotive last week. The mid-month reading of the index was 212.0, which was up 0.1% from July and a 7.8% decrease from the full month of August 2022, when adjusting […] [Read More]

More than 4,000 Tesla drivers in California are using an electronic license plate on their vehicle, according to the creator of the RPlate digital license plate. Reviver, a technology company that developed the RPlate technology, said Tesla is the No. 1 vehicle brand among users of the digital plate. “Tesla is a truly iconic brand […] [Read More]

Longtime SaaS executive and entrepreneur Ben Chodor has been named CEO of automotive communications intelligence platform CallRevu. “Ben’s dedication to empowering both our team and clients underscores his suitability for the CEO role,” CallRevu executive chairman Brendan Reidy said in a news release. “His leadership will undoubtedly steer CallRevu toward continued success.” Chodor comes on […] [Read More]