For the third week in a row, Black Book reported that wholesale values decreased by at least 0.85%, prompting analysts to say those price declines are “far exceeding the levels that are expected for this time of year.” According to its newest installment of Market Insights released on Wednesday, Black Book indicated that wholesale values […] [Read More]

It’s been a busy summer for IAA on the expansion front. After previously sharing updates about moves in Indiana and Hawaii, IAA on Wednesday announced that it opened a new branch located in West Palm Beach, Fla. The global digital marketplace connecting vehicle buyers and sellers now has 11 locations in the Sunshine State with […] [Read More]

This week, two of the publicly traded dealer groups made moves, as Sonic Automotive acquired another store, and Group 1 Automotive shared an announcement for its shareholders. And another former star with the New York Yankees is opening a Honda dealership. On Wednesday, Sonic announced it has acquired Audi Owings Mills, marking the company’s eighth […] [Read More]

Some finance companies might be seeing a part of their operational costs rising sky high, so to speak. According to a new report published on Wednesday by Anodot, nearly half of businesses — 49% to be exact — find it difficult to get cloud costs under control, and 54% believe their primary source of cloud […] [Read More]

This week, Solifi, a global fintech software partner for secured finance, announced the launch of its software-as-a-service (SaaS)-based lease and installment contract pricing solution for the U.S. equipment and automotive finance industries. The company said the SaaS version of Solifi’s pricing tool provides users with enhanced pricing and reporting functionality — from simple contracts to […] [Read More]

Protective Asset Protection is celebrating 60 years of service this month as a provider of F&I products that help protect each vehicle investment while equipping dealers with the F&I products they need to instill confidence and trust in their customers. The company began by protecting cars and trucks 60 years ago and then added motorcycles, […] [Read More]

Cox Automotive spotted multiple used-vehicle retail sales metrics softening in July on both a sequential and year-over-year comparison. And experts see rough sledding for used-vehicle retailing for the rest of the year. According to Cox Automotive estimates shared on Tuesday via a Data Point, July total used-vehicle sales landed near … [Read More]

On Tuesday, Mississippi-based tech startup Carmigo announced the close of its most recent funding round. After receiving $7 million from both the original and new investors, Carmigo said will continue building its online marketplace connecting individual vehicle sellers with dealers in a one-day auction. According to a news release, this funding round brings the total […] [Read More]

An eight-year journey with the company so far has led Tony Compton to becoming chief technology officer of PureCars, a leading provider of digital marketing technology and services for automotive dealers. The company highlighted in a news release announcing the promotion that Compton has consistently progressed with PureCars, beginning with his start in 2014 as […] [Read More]

Here’s an example of what happens after an acquisition takes place. Green Line Automotive announced it has been selected by Driven Data as a preferred partner to take over its paid media partnerships as that firm focuses on first-party data audiences and analytics. Driven Data was acquired by Polly in June and will be continuing to […] [Read More]