Dealers found a small piece of price relief in the wholesale vehicle market last month. Though still historically high and well above year-ago and pre-pandemic levels, wholesale vehicle prices have shown their first month-over-month decline since … [Read More]

More than 100 dealerships have another reason for celebration. On Monday, Edmunds announced the winners of the 2022 Edmunds Five Star Dealer Awards. This year’s awards honor 94 dealers nationwide for outstanding customer satisfaction ratings, with an additional 18 earning the prestigious Edmunds Five Star Premier Dealer designation. To qualify for a Five Star Dealer […] [Read More]

AutoWeb has taken its CarZeus vehicle acquisition business to a third market: Houston. CarZeus buys cars directly from consumers and resells them in the wholesale market. AutoWeb purchased CarZeus from founder Phil Kandera and McCombs Family Partners in August. The platform’s first market was San Antonio. In November, AutoWeb expanded CarZeus to Austin, Texas. It […] [Read More]

On Monday, Equifax and Bridgeforce Data Solutions announced a new partnership reinforcing their shared commitment to the data furnisher community by providing them with additional tools and support mechanisms to enable optimal data accuracy. As part of the agreement, Equifax will now make Bridgeforce’s Data Quality Scanner (DQS) and comprehensive consulting support available to data furnishers, […] [Read More]

Fueled in part by an auto finance company that’s been one of its clients since 2018, AutoFi announced on Monday it has closed $85 million in funding valuing the company at nearly $700 million. One of the first Emerging 8 honorees and commerce platform for digital automotive sales and financing said the funding included participation from […] [Read More]

Going into this week’s Vehicle Finance Conference hosted by the American Financial Services Association, defi SOLUTIONS announced the introduction of a single, end-to-end solution for the entire auto finance and personal lending lifecycle. Monday’s development arrived on the heels of the company’s fourth quarter announcement introducing the new, modern, modularly designed defi ORIGINATIONS system. Company […] [Read More]

Arriving just a few days after new research showed the volume of consumers living paycheck to paycheck, the Capital One Insights Center released new research timed to the two-year anniversary of the COVID-19 pandemic that shows the gap between lower and higher earners continues to widen against new affordability pressures. As part of the Capital […] [Read More]

Manheim announced Monday that it is launching mobile imaging capabilities powered by Fyusion — a company in the computer vision and vehicle imaging solutions space that parent company Cox Automotive acquired in early 2021 — at all of its auction locations. The company has also installed an AI-driven fixed imaging gantry at its Manheim Minneapolis auction. […] [Read More]

Cox Automotive made two major executive moves on Friday, naming a new president for the Retail Solutions group as well as a chief strategy officer for the company. The new Retail Solutions group president is Lori Wittman, who has been senior vice president of dealer software solutions the past six years. And the new CSO […] [Read More]

AutoNation named two new chief operating officers on Thursday: one for its used-car standalone store, auto auction and collision center businesses; and another for its franchise business. COO and president Jim Bender was set to leave the company Friday, as previously announced. Appointed as COO of the non-franchised business is Dave Koehler, currently the Eastern […] [Read More]