Autonomy reinforced its insurance resources again on Wednesday. After the electric vehicle subscription company struck an arrangement with DigiSure at the beginning of August, Autonomy introduced a completely digital, month-to-month auto insurance product into its subscription bundle in partnership with Liberty Mutual Insurance, reportedly the sixth-largest global property and casualty insurer. Autonomy said auto insurance […] [Read More]

Chicago-based Xcite Automotive is collaborating with General Motors on multiple fronts. The digital automotive vehicle photography provider announced on Thursday that it has been named a photography provider for CarBravo, GM’s new used-car online shopping platform. Xcite Automotive also said it been added to GM’s Dealer Digital Solution (DDS) program. The company highlighted Xcite Automotive’s […] [Read More]

CarMax wants to boost its workforce, so the used-vehicle retailer is set to host a major hiring event at 15 of its locations nationwide on Thursday. The company said in a news release that it will be interviewing candidates for a variety of positions, including technicians, detailers, painters, supply associates and more. CarMax indicated there will be […] [Read More]

Black Book’s wholesale market experts aren’t the only ones seeing prices declining at a notable pace. Cox Automotive also reported this week that wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 3.6% from July during the first 15 days of August. Experts said that movement pushed the Manheim Used Vehicle Value […] [Read More]

PAR North America (PAR) promoted a pair of its executives on Thursday, rewarding them for being with KAR Global for more than 20 years combined. Taking on more responsibility for the business unit whose clients range from the largest banks, captives and auto finance companies to the smallest credit unions are Michael Fischer, who will […] [Read More]

Here’s at least one place in the automotive landscape that’s currently stable. On Thursday, Urban Science announced highlights from its 2022 midyear Franchise Activity Report (FAR), which shows continued stability for the U.S. automotive retail franchised dealership network despite continued inventory shortages during the first six months of the year. As of July 1, Urban […] [Read More]

It might sound like someone’s prediction of the four college football teams that might be in the running for a national championship this season, but it’s the four newest states where the CarGurus Instant Max Cash Offer now is available. On Thursday, CarGurus announced the rollout of this program in four additional states — Alabama, […] [Read More]

​As Cox Automotive senior economist Charles Chesbrough noted, credit availability is one of the headwinds against used-vehicle retail sales. While still more available than this time last year, the Dealertrack Auto Credit Availability Index declined for the consecutive month in July. According to a Cox Automotive Data Point, the index softened by … [Read More]

Carl Black Chevrolet, Buick, GMC of Kennesaw, Ga., is the first General Motors dealership to integrate UVeye’s advanced vehicle-inspection systems with Tekion’s Automotive Retail Cloud (ARC). The two technology companies announced on Wednesday that they have joined forces following UVeye’s recent collaboration with GM. According to a news release, the collaborative effort will enable dealers […] [Read More]

For the third week in a row, Black Book reported that wholesale values decreased by at least 0.85%, prompting analysts to say those price declines are “far exceeding the levels that are expected for this time of year.” According to its newest installment of Market Insights released on Wednesday, Black Book indicated that wholesale values […] [Read More]