Artificial intelligence brought Launcher and Zest AI together this week. Their new partnership enables lenders using Launcher’s appTRAKER Loan Origination System to incorporate and automate decisioning based on Zest’s AI’s credit and fraud risk models in their existing underwriting workflow. Launcher and Zest AI highlighted the collaboration reflects a shared commitment to helping lenders modernize […] [Read More]

Next up in Auto Remarketing’s series examining the used-car results of the publicly traded dealer groups is Group 1 Automotive, which reported quarterly results Thursday, along with a major purchase in the Atlanta market. Looking at its pre-owned results, Group 1 sold 53,469 used retail units during the second quarter, down 11.2% from Q2 2025. […] [Read More]

Group 1 Automotive sees its success in Houston and Boston being possible in Atlanta because of its “cluster strategy.” The dealer group can use that approach with a footprint of 15 stores in the Georgia metropolis, as Group 1 announced on Thursday that it has signed a definitive agreement to acquire the dealership assets and […] [Read More]

For auto dealerships, heritage runs deep. Approximately 80% of the 18,000 new-car dealerships across the U.S. are family-run businesses, according to the National Automobile Dealers Association (NADA). And despite recent industry consolidation, many are second-, third- and even fourth-generation businesses. As with most family-run operations, a dealership’s name comes to mean something more than a sign on the building. It represents the family’s legacy and commitment […] [Read More]

Now that its annual convention has been held, the National Independent Automobile Dealers Association is turning its attention to the organization’s next events that are intended to give attendees experiences that can only be had while on location. And those locations include Capitol Hill and successful buy-here, pay-here dealerships in Texas. First up is the […] [Read More]

The decline in wholesale vehicle prices in Canada moderated last week, though it remains steeper than pre-COVID levels for the same period, according to the latest Market Insights report from Canadian Black Book. Overall wholesale prices fell 0.32% for the week ending July 25, CBB said, compared to a 0.42% drop the week before. The […] [Read More]

This week, KBRA released news research examining the increasingly asymmetric performance of auto loan ABS across borrower credit profiles. Perhaps also seen by finance company executives who oversee collections and portfolio health, KBRA pointed out that stronger borrowers have remained “comparatively resilient, while borrowers with weaker credit profiles and higher payment burdens have accounted for […] [Read More]

UVeye has expanded its footprint to Canada. The vehicle data intelligence company said Thursday that its advanced computer vision inspection systems have launched at dealerships in British Columbia and Ontario. This launch kicks off a planned rollout throughout Canada. UVeye already has more than 1,000 systems installed at dealers, fleets, auctions, rental operations and OEM […] [Read More]

Just before the end of June, CarGurus announced a significant dealer policy change starting July 14 in response to vehicle advertising and pricing demands by the Federal Trade Commission. Site officials previously said used inventory on its platform without disclosed fees will be categorized as “No Rating” and will move lower in search results. CarGurus […] [Read More]

Like the Gamecock at Williams-Brice Stadium, Holler-Classic Family of Dealerships rightfully has something to crow about. Announcing an expansion to the South Carolina capital, Holler-Classic has purchased four stores in the Columbia, S.C. area. The central Florida-based dealer group announced Tuesday that it has acquired three Nissan dealers and one INFINITI store from Dick Smith […] [Read More]