The supply of used cars on dealer lot appears to be making some progress, according to the latest CarGurus Vehicle Availability Index & Insights report. The CarGurus Used Vehicle Availability Index for January shows a 3.9% uptick in used-car inventory at dealerships compared to December. Meantime, the year-over-year gap has slowed to 0.8%. “The recovery […] [Read More]

Turns out, the online used-car market will have an even larger presence during the Super Bowl than it did a year ago. Carvana announced Wednesday it make its Super Bowl advertising debut on Feb. 13 with a 30-second spot featuring “an endearing ‘oversharer’” who talks about her experience buying from the online retailer with everyone […] [Read More]

Automotive Personnel founder Don Jasensky now has run his own executive search firm to help finance companies and dealerships for 33 years. And during the past couple of years, Jasensky has seen some of the most dramatic changes with how employers find their new staff and how workers decide where to leverage their talents. Jasensky […] [Read More]

While mentioning an overall uptick in products being used by consumers falling into the non-prime credit category, the auto portion of TransUnion’s Q4 2021 Quarterly Credit Industry Insights Report (CIIR) contained information and insights that finance companies might find encouraging. In light of reduced vehicle inventory and semi-conductor chip shortages, TransUnion indicated year-over-year origination rates […] [Read More]

We start this auction news roundup with the latest from Black Widow Imaging. The company announced two upgrades to its high-definition image capturing system on Wednesday. First, the platform now captures 17 images, up from seven. Additionally, Black Widow also introduced automated background replacement software for automakers and dealers, through which the company can remove […] [Read More]

While Bitcoin may not yet be accepted as a medium of exchange for everyday items, at least one luxury model dealership as well as a digital asset advisory firm both are seeing a notable increase in customers wanting to transact in digital assets, primarily Bitcoin and Ethereum. Digital Asset Investment Management (DAIM), headquartered in Newport […] [Read More]

The National Automobile Dealers Association is looking to help members keep their information secure at the dealership. On Wednesday, NADA said Accelerate2Compliance (A2C) has been chosen as a vendor within the association’s Affinity Provider Program. NADA noted that A2C offers what’s designed to be an easy-to-use information security compliance solution through the A2C Portal, a […] [Read More]

JM Family Enterprises tapped Eric Gebhard to be the company’s interim chief financial officer last May. On Wednesday, an executive Gebhard helped to recruit became the company’s permanent CFO. Taking on this role as well as holding the title of senior vice president is Ravi Abbineni, who now will be leading the company’s financial operations. […] [Read More]

LAUNCHER.SOLUTIONS said Tuesday that it has completed its integration with VoltSwitch GPS’s Vehicle Tracking platform. The technology provider specializing in originations explained that this integration can provide finance companies with a faster and more seamless funding experience for deals with GPS installation stipulations. LAUNCHER.SOLUTIONS’ appTRAKER Loan Origination System is built to offer a comprehensive set […] [Read More]

Add another major player to the growing online wholesale space. CDK Global announced Wednesday it has launched an online wholesale marketplace called CDK CarSource that is designed to connect dealers to used-car inventories from other dealers across the country. The platform does this through an integration with the company’s CDK Drive dealership management system. “With […] [Read More]