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]

The American Recovery Association (ARA) recently released a policy statement associated with the revamped Safeguards Rule set to be implemented by the Federal Trade Commission in June. In connection with the mandate, ARA specifically believes recovery professionals should engage in the following best practices: ● Immediately after recovery, cut new keys to the vehicle ● […] [Read More]

AutoFi announced on Wednesday that it has extended its partnership with Santander Consumer USA, bringing to market digital products that are geared to “meaningfully improve” the ability for consumers and dealers to interact with the finance company and simplify the vehicle buying experience.  The Emerging 8 honoree and SCUSA first formed their partnership last year. […] [Read More]

In an effort to handle “explosive growth,” TurboPass announced the hiring of Zahid Kassem as chief product/technology officer on Tuesday TurboPass, an Emerging 8 honoree that offers an electronic multi-verification solution for credit, fraud and compliance, has increased its user base to 3,000 dealerships with plans to expand to more than 7,000 users by the […] [Read More]