Though not as significant as the prior week’s decline, wholesale vehicle prices in Canada continued their downturn in the second week of 2023. According to the latest Market Insights report from Canadian Black Book, wholesale prices fell 0.41% for the week ending Saturday, which is heavier than the average decline for the 2017 through 2019 […] [Read More]

This example shows how a former independent dealer was the perpetrator of a fraud scheme, rather than a victim. A news release from the U.S. Attorney’s Office for the Eastern District of California indicated Scott Radtke, of Clovis, Calif., was sentenced last week to four-and-a-half years in prison for bank fraud and aggravated identity theft. […] [Read More]

Your customers’ need for financing might not just be prevalent in your dealership F&I office. The need could be significant in your service drive, too, based on a recently completed a survey of 1,100 fixed ops service professionals at more than 500 dealerships in the U.S. orchestrated by Sunbit. More than 75% of the participants […] [Read More]

For dealers looking to obtain used-car inventory at lower prices than they did in 2022, the year appears off to a good start. And weary consumers scouring dealer lots for good pre-owned car deals after two years of wildly high prices are starting to find some relief, as well. Though up 1.5% from December, wholesale vehicle prices through […] [Read More]

Black Book is looking to show its prowess in the retail space, too. The firm that provides automotive analytics and data announced the debut of Retail Listings Visualization, a tool designed to give “unmatched” insights into retail market activity. Black Book explained on Wednesday that Retail Listings Visualization is a dynamic dashboard that enables insights […] [Read More]

NuVinAir, which provides a solutions designed to create clean and healthy vehicle interiors named a president on Wednesday, in addition to two vice president appointments, as well. Marty Schoenthaler, who is NuVinAir’s chief franchise officer, has taken on additional duties as president. He will head up day-to-day operations. CEO and founding partner Kyle Bailey will […] [Read More]

Ahead of next week’s NADA Show 2023 in Dallas, vAuto is introducing enhancements to its flagship inventory management solution, ProfitTime GPS, which can help dealers achieve “superior” profitability. Cox Automotive highlighted through a news release that vAuto now incorporates an all-new Variable Inventory Management strategy. Enhancements include an alignment tool designed to help multi-rooftop organizations […] [Read More]

Impel, a provider of digital automotive engagement software and data for dealers, auto marketplaces and OEMs, announced a $104 million growth investment led by Silversmith Capital. Wavecrest Growth Partners, an existing investor in Impel, also participated. Impel plans to use the funding for product expansion and M&A moves. Its technology uses artificial intelligence to help […] [Read More]

Along with a new company branding, Portfolio announced the promotion of Cliff Childers to the position of managing director, effective immediately. The company highlighted the 21-year industry veteran leads a national sales team driving reinsurance and F&I success for auto, RV and powersports dealers with a focus on innovation, sales and results. “Anyone who has […] [Read More]

According to a news release distributed this week, Scott Zucco joined F&I Sentinel as vice president of sales, in a move effective Jan. 3. The automotive compliance and regulatory risk mitigation solutions provider highlighted Zucco is “an accomplished sales professional with unparalleled business acumen” gained over his 30-plus years of experience in business development and […] [Read More]