NETSOL Technologies, a global business services and enterprise application solutions provider, recently launched its latest product offering called Flex, which is an API-based, ready-to-use calculation engine designed to guarantee precise calculations at all stages of the contract lifecycle through various calculation types. The company said Flex can provide versatility by covering all the calculation aspects […] [Read More]

Two major developments connected with Automotive Ventures’ Steve Greenfield surfaced on Tuesday and Wednesday, less than a week ahead of NAVIcon and Used Car Week in San Diego. First, Greenfield and three other industry entrepreneurs launched a tool that can track more than 140 of the top dealer groups in the United States. Then, the […] [Read More]

Off-lease has been the hardest hit segment of wholesale vehicle supply, and recent data suggests that could be the case for some time. But KAR Global CEO Peter Kelly is encouraged by signs that off-lease volumes could eventually make a slow and steady return. During opening comments of KAR’s third-quarter earnings call earlier this month, […] [Read More]

Evidently, franchised dealerships are on the hunt for inventory, with independent stores and the new normal of 2002, those rental car companies, stepping back at the auction. That’s the notable observation Black Book shared on Tuesday through its Market Insights that also detailed wholesale prices softening another 1.05% and the estimated average weekly sales rate […] [Read More]

From the Golden State to the Sunshine State. Autonomy has added its first markets outside of California, announcing Tuesday that the electric vehicle subscription platform is now available in Southeast Florida. That includes Miami, Fort Lauderdale and West Palm Beach. Florida is second only to California in terms of EV population, the company said. “Expanding […] [Read More]

Your buy-here, pay-here operation might see an uptick in individuals who need a transportation solution after having just filed for Chapter 13 bankruptcy. According to data provided by Epiq Bankruptcy, individual Chapter 13 filings increased 27% year-over-year in October with cases totaling … [Read More]

Reinforcing what Cox Automotive and other experts are seeing from a retail perspective, TransUnion’s Q3 2022 Quarterly Credit Industry Insights Report (CIIR) showed how much auto finance originations are slowing. According to the report released on Tuesday, TransUnion said originations in the second quarter of this year (viewed one quarter in arrears) declined … [Read More]

Initial estimates of October’s used-vehicle retail sales show a market where momentum has “faded,” according to Cox Automotive. In the company’s latest Manheim Used Vehicle Value Index report, Cox said same-store dealership data from Dealertrack indicates used retail sales were 9% softer than September and 13% slower than October 2021 figures. October also represented … [Read More]

Just nine days after its most recent acquisition, AutoCanada said Tuesday it has purchased two luxury collision centers in Scarborough, Ontario: Excellence Auto Collision Silver Star and Excellence Auto Collision Midwest. Excellence Auto been in the greater Toronto area for more than 30 years and has certifications with Tesla, Mercedes-Benz, Porsche, Audi, BMW, Mini, Lucid, VinFast […] [Read More]

CarNow announced a new senior vice president of sales on Friday. Hired for the role is Eric Kaser, who was VP of sales at Ungerboeck and DealerSocket before coming aboard at CarNow. His background also includes time with Reynolds and Reynolds. “I am excited to join CarNow where the culture is strong, the platform is […] [Read More]