This week, Open Lending announced the 2024 winners of its second annual Economic Vehicle Accessibility Awards (EVAAs). The winning banks and credit unions are Open Lending partners that drive vehicle access through financing opportunities for creditworthy near- and non-prime borrowers. “Many deserving borrowers face barriers to vehicle ownership, including historically high costs to buy and […] [Read More]

In March, Auto Remarketing releases its annual “Best CPO Dealers” issue, presented by Cars Commerce, which provides a brand-by-brand ranking of the top dealers for certified pre-owned vehicle sales at 14 automakers. For the remainder of February, we will be previewing this issue by sharing the individual automakers’ respective top 10 lists. All rankings are provided by […] [Read More]

The National Auto Auction Association’s Ron Hope Memorial Scholarship has another recipient. Fredrick “Frankie” Lingle, fleet manager of Greensboro Auto Auction, has been awarded the scholarship to Auction Academy, joining Greater Rockford Auto Auction’s Abigail Balk, who became its inaugural recipient in December. The association said Lingle will participate in the academy’s Class 9, which […] [Read More]

While market share for battery electric vehicles rose in 2024, uncertainty is now dominant in the EV landscape. In its 2025 U.S. Electric Vehicle Experience Ownership Study, J.D. Power cited data showing BEV market share reached 9.1% at the end of last year, a 0.7-percentage point increase fueled in part by the growing number of […] [Read More]

Elon Musk might be ruffling a lot of feathers in Washington these days, but his company sure seems to keep its customers happy. For the third year in a row, Tesla claimed the top brand prize in S&P Global Mobility’s annual Automotive Loyalty Awards, winning for Overall Loyalty to Make, as well as the Ethnic […] [Read More]

As we review the vehicle inventory, carryover, and markdown trends from the Lotlinx Q4 2024 Automotive Market Report, the automotive market has revealed several important insights into the ongoing challenges and opportunities for dealerships and OEMs. Rising inventory levels, evolving consumer preferences, and the steady expansion of hybrid and electric vehicle (EV) sales continue to […] [Read More]

The American Recovery Association is in the closing days of accepting votes for nine industry awards that will be given at the 2025 North American Repossessors Summit. ARA will gather votes through Friday for the accolades, which will be announced during the April 23-25 event in Orlando, Fla. You can cast your vote for these […] [Read More]

Agora Data is now in the powersports business. The consumer fintech company specializing in advanced capital solutions and AI-driven loan performance analytics, has completed a $12 million transaction providing liquidity for Model Finance, a powersports finance company. This move represents Agora’s first transaction in the powersports sector, opening doors for further expansion into this specialized […] [Read More]

NextGear Capital is looking to expand its portfolio this year, so the provider of inventory finance solutions serving more than 17,000 independent dealers announced plans to add a new executive. Set to join the team as AVP of corporate operations and risk management on March 10 will be Rose Bryant, who will oversee all aspects […] [Read More]

Dealer Solutions & Design has a new look, a new website — and a new dealership asset management platform. DSD, a provider of fixed operations design, consultations, equipment specs, installation and project management for automotive facilities, said it has completed a rebrand that includes a refreshed website, a new logo, and the launch of cloud-based […] [Read More]