While smaller than the increases policymakers unfurled last year, the Federal Reserve made the expected move on Wednesday of pushing the target for the Federal Funds Rate up by another 25 basis points to the 4.50% to 4.75% range. The move is likely to make it more challenging both for consumers to secure auto financing […] [Read More]

If a picture is worth 1,000 words, perhaps dealers might use that many to describe the state of their vehicle images used to highlight their inventory. Dealer Image Pro, a leader in professional photo, video and 360-degree software for automotive dealerships, recently announced results from a survey it commissioned to better understand the level of […] [Read More]

Another Canadian dealer group is making moves in the United States. Canada’s Go Auto, a family-owned dealer group based in Edmonton, has made its first U.S. acquisition, announcing Wednesday it has purchased Washington state’s Mercedes-Benz of Bellingham and Toyota of Bellingham. Not only are these Go Auto’s first U.S. store, they represent the group’s first acquisition […] [Read More]

America’s Group and two of its auctions have taken home a few awards this year in the annual auction awards program at C&F Finance Company and C&F Remarketing. The overall group was named C&F Finance Company’s National Auction of the Year, while America’s Auto Auction Virginia Beach earned C&F Remarketing’s Auction of the Year honors and America’s […] [Read More]

There is something surreal about today's retail automotive market. Assumptions, once taken as articles of faith, are not only being questioned but also discredited altogether. Take, for example, the role vehicle leases have traditionally played in creating a win-win-win value proposition that has well-served consumers, dealerships, and automotive manufacturers for decades. For consumers interested in […] [Read More]

On Wednesday, Rapid Recon — which was part of an acquisition announcement made last week by Vehlo — named Bridget Townsend as senior vice president of product development. Among Auto Remarketing’s Women in Remarketing honorees in 2014, Townsend has been in software development since 1995, focusing on automotive software solutions since 2000. She joined Rapid […] [Read More]

The American Recovery Association said submissions are open for the 2023 NARS Industry Awards, which will be given during the 15th annual North American Repossessors Summit (NARS) on April 6-7 in Orlando, Fla. Awards will be handed out in seven different categories. The NARS Planning Committee will select the top three nominations in each category, […] [Read More]

Upstart recently added two new applications to its auto retail platform. The artificial intelligence (AI) lending marketplace boosted Digital Finance and Online Sales in an effort to offer dealerships a seamless online to in-store vehicle-buying experience, from search to signing. Upstart Auto Retail combines online and in-store digital retail capabilities with financing and manager tools […] [Read More]

Wolters Kluwer recently announced fourth quarter and end-of-year results and analysis from its Auto Finance Digital Transformation Index, a resource designed to track the rate at which auto dealers, service providers and finance companies are seeing growth in the evolution from paper-based finance back-office processes to digital. According to the index, dealers, service providers and […] [Read More]

Sometimes your customers not only want their tires and wheels to function correctly, they want them to look sharp, too. To help, Wise F&I recently rolled out a product offering on Monday that includes tire and wheel protection, plus appearance coverage benefits, called TIREWise PLUS. Wise F&I president and chief executive officer Matt Croak explained […] [Read More]