The holidays of Passover and Easter just happened, so perhaps potential spring breaks associated with those celebrations might have influenced what unfolded in the wholesale market last week. That’s part of the analysis provided by Black Book through its newest installment of Market Insights, which noted that wholesale prices rose 0.43% during the week that […] [Read More]

Since launching the Women & Automotive: Canadian Leadership Forum in 2016, Cherokee Media Group has honored and recognized a group of Canada’s auto industry leaders each year through its Women & Automotive: Profiles in Leadership program, which is sponsored by VISA. And we’re excited to announce our 2023 honorees, who will be recognized in the […] [Read More]

In a move that could influence auto finance underwriting, Equifax, Experian and TransUnion jointly announced on Tuesday that medical collection debt with an initial reported balance of less than $500 has been removed from U.S. consumer credit reports. With this change, the companies said now nearly 70% of the total medical collection debt tradelines reported […] [Read More]

Last week along with making a move with Point Predictive, Tricolor announced that it has secured U.S. Patent No. 11,574,362 for its artificial intelligence (AI) interactive tool called Automás. The company highlighted this new tool leverages data across Tricolor’s entire integrated platform to give “the power of self-selection” when choosing and financing a vehicle from […] [Read More]

In what we’re proud to call an annual tradition, Cherokee Media Group’s Women in Remarketing program, sponsored by Ally, has evolved into a celebrated franchise of Auto Remarketing and a key pillar of the National Remarketing Conference and Used Car Week. For more than a decade, Women in Remarketing has recognized excellence among the leaders of the […] [Read More]

Artificial intelligence is often bandied about in places such as auto financing. Last week, AutoRevo brought AI to the marketing part of auto retailing. The software provider launched AI Vehicle Description Builder, what AutoRevo sees as an innovative solution that can address the challenges dealerships face in creating engaging, accurate and consistent vehicle descriptions for […] [Read More]

E Automotive Inc., which is the parent company of EBlock and EDealer, said Monday it is voluntarily delisting from the Toronto Stock Exchange. The move has been approved by E Inc.’s board of directors and shareholders and the Toronto Stock Exchange. E Inc. will also launch a substantial issuer bid where the company is offering […] [Read More]

Last week, Vehicle Acquisition Network (VAN) announced rebranding of its suite of solutions to better reflect their capabilities and provide room for growth. The private party acquisition solution for dealerships highlighted that the VAN suite of solutions now includes: FUEL, CONVERSE, ENGAGE, and NAVIGATE. The company recapped what each tool can do VAN FUEL can […] [Read More]

Rapid Recon now is offering more resources to its clients without an additional cost. On Monday, the originator of reconditioning time-to-line (T2L) software for dealerships launched what it’s calling Drive2Five, a five-part series of performance modules for users of Rapid Recon dealership workflow software. Rapid Recon explained that Drive2Five is designed to make users of […] [Read More]

While still a relatively small piece of the overall wholesale market, the tide is turning for electric vehicles at auction. There were close to 9,800 electric vehicles sold through Manheim’s wholesale channels in the first quarter, an all-time high. It also beat year-ago figures by 40% and was 82% higher than Q1 of 2021, parent company Cox Automotive said during a presentation last week around the latest Manheim Used Vehicle Value Index. The 9,796 EVs sold through Manheim in Q1 also ... [Read More]