On Friday, new enhancements arrived for the flagship automated sales and marketing platform from automotiveMastermind (aM), which is part of IHS Markit. The provider of predictive analytics and marketing automation solutions for dealerships highlighted that the updates to Mastermind are designed to help dealership partners attract customers, maintain profits and sell more vehicles, as well […] [Read More]

Friendemic analyzed more than 52,000 reviews posted online by CarMax and Carvana customers, with the goal of understanding how consumers rate and describe their experience when engaging with these retailers. The online reputation solution provider built specifically for the needs of the automotive and powersports industries discovered many customers greatly enjoyed their experience with CarMax […] [Read More]

Another busy week of dealership activities unfolded with an acquisition involving seven franchises, a dealer association rolling out its annual effort to help college students as well as another large dealer group raising $100,000 for two dozen charities. Let’s begin with the latest M&A move involving Haig Partners, which was the exclusive sell-side advisor to […] [Read More]

Car Capital not only is building its team of executives as well as its financial resources, the auto-finance technology company that strives to get any deal bought no matter the consumer credit background is cultivating its portfolio of dealer clients, too. This week, Car Capital announced the addition of strategic dealer partner, RightWay, which operates […] [Read More]

Digital auto auction EBlock has expanded to the Southeastern U.S. The company said Thursday that beginning Feb. 22, dealers in Alabama, Florida, Georgia, Kentucky, North Carolina, South Carolina, Tennessee, Virginia and West Virginia will be able to utilize the dealer-to-dealer auction platform. EBlock launched in Canada in 2015 and entered the U.S. market in 2019. […] [Read More]

Your dealership customers likely are about to get an injection of cash via their federal tax return. NextGear Capital rolled out a program enhancement on Thursday designed to further improve cash flow for independent dealers to invest back into their businesses. NextGear is introducing a new element to Flex Pricing, a floorplan program that offers […] [Read More]

With a murky filing situation on the horizon for businesses — potentially trickling down to impacted consumers — bankruptcy experts are closely watching the newest data and trends originating from the first month of 2022. Last week, Epiq released its January 2022 bankruptcy filing statistics from its Epiq Bankruptcy AACER Platform. Overall, the global technology-enabled […] [Read More]

For the second time in about a week, a service provider whose goal it is to keep franchised dealerships safe from online threats became a part of the NADA Affinity Provider Program. The National Automobile Dealers Association (NADA) introduced Seventh Knight as its newest program vendor on Thursday. Seventh Knight is a provider of unique […] [Read More]

How many times have family or friends outside of the auto industry asked you why they’re receiving numerous phone calls about a vehicle warranty? Well, the Federal Trade Commission (FTC) might be taking action in federal court against one of those operators who might be agitating your sibling, first cousin or long-time college buddy. The […] [Read More]

Stability continues in the Canadian wholesale vehicle market, as prices on used cars were up 0.03% last week, following a 0.01% rise the week before, according to the latest weekly update on the market from Canadian Black Book. These slight gains compare to a 0.28% decline (on average) for the same weeks of 2017 through […] [Read More]