FrogData expanded its platform for automotive fueled by launching WarrantyBoost+, what the company called a “groundbreaking” annual-subscription product that can combine warranty rate enhancement with an intuitive service dashboard and key performance indicator (KPI) tracking. By leveraging its AI-driven warranty analytics platform, FrogData said dealers can expect faster and more accurate results, ensuring optimal rate […] [Read More]

The wholesale vehicle market is rounding the corner from spring with prices continuing to ease from year-ago levels. In May, Black Book’s Used Vehicle Retention Index fell on a year-over-year basis for the eighth consecutive month, coming in at 175.4, down 7.1% from May 2022. While the index has slowed year-over-year each month starting with […] [Read More]

defi MANAGED SERVICING Remarketing, which is the remarketing arm of defi SOLUTIONS, has named its 2022 Auction of the Year. Earnings the award is Manheim Dallas, with second place going to ADESA Cincinnati/Dayton and third place going to ADESA Phoenix. “Manheim Dallas consistently ranks as a volume sales leader,” said Steve Bissett, defi SOLUTIONS vice […] [Read More]

Repair OnDemand has a new president. The company, which offers a marketplace connecting sublet repair professionals with companies who have cars needing inspections and/or repair, said Tuesday it has hired former Cox Automotive executive Randy Kobat for the role. Tony Rimas, who previously led Repair OnDemand and was president of Repairify, has moved into a […] [Read More]

Bankruptcy filings continue to increase from the reduced volumes experienced during the three years of the COVID-19 pandemic. That’s the primary finding according to data provided by Epiq Bankruptcy, which said total bankruptcy filings in May spiked 23% year-over-year from 31,330 to 38,669. Epiq reported individual bankruptcy filings totaled 36,345 in May, also registering a […] [Read More]

The next opportunity for the Federal Reserve to modify interest rates arrives next Wednesday. Cox Automotive chief economist Jonathan Smoke recapped some of the most important information policymakers likely might consider when deciding whether or not to lift rates again, beginning with the labor market. “The May employment report represented a resilient labor market with […] [Read More]

Michigan-based Penske Automotive Group has expanded its Canadian footprint, announcing Monday it has acquired Transolutions Truck Centers, a Winnipeg-based retailer of medium- and heavy-duty commercial trucks and buses. Transolutions Truck Centers, or TSTC, includes three full-service dealerships and two parts and services centers throughout greater Winnipeg. It sells and services Freightliner Trucks, Western Star Trucks […] [Read More]

Last month, Toronto-based TRADE X, a B2B cross-border vehicle marketplace for trading vehicles globally, announced it had integrated PAVE’s vehicle inspection API into its platform. Through this integration, sellers on the TRADE X platform can easily capture inspection information and provide greater transparency on vehicles. Meanwhile, it gives dealers the ability to inspect prior vehicles […] [Read More]

Auto Remarketing is the first to report that DAS Technology has made its ninth acquisition, with the company announcing Tuesday that it has acquired 3 Birds, a customer data and experience platform technology company. 3 Birds is based in Chapel Hill, N.C., and provides SaaS-based marketing, analytics and consumer engagement solutions. With the addition of […] [Read More]

When it comes to making it easy for consumers to schedule service appointments by phone, some dealer groups, apparently, do it better than others. On Monday, Pied Piper released the results of  its 2023 PSI Service Telephone Effectiveness Study, which examined the 17 largest auto dealer groups for how easily consumers can call to set […] [Read More]