It may seem counterintuitive, but in January, asking prices for used vehicles from the 2020 and 2021 model years were 1.3% higher on average than the new-car editions from 2021 and 2022 model years. That’s according to a report from iSeeCars.com, which analyzed 1.5 million sales of these vehicles last month. “While choosing a lightly […] [Read More]

For dealers looking for a specific used vehicle to satisfy a potential buyer request, an integration involving CognitionDigital.io and TradePending could be of assistance, especially if the used-car manager is looking for the vehicle currently owned by a private individual. CognitionDigital.io announced a new integration between its dynamic creative ad platform and TradePending’s valuation and […] [Read More]

For the second time in less than a month, NuVinAir Global announced the company’s expansion of its franchise program. On Wednesday, the company that offers a suite of proprietary products that safely and effectively create healthy vehicle interiors welcomed the newest franchisee to its stable and one that covers its Texas headquarters. Coming aboard to […] [Read More]

During a week where the online wholesale vehicle market has been front-and-center, Vehicle Acquisition Network had some news of its own to share Wednesday. The company, which gives dealers an avenue to source used vehicles from private parties, named a new chief operating officer.  Appointed to the position was Mark Curcio, who has been with […] [Read More]

Both Black Book and Manheim so far this week shared their observations about the notable and somewhat sustained softening wholesale used-vehicle prices are making. Their contemporaries from Kelley Blue Book and TrueCar are noticing similar movements involving new models. New-vehicle average transaction prices (ATPs) decreased to $46,404 in January, according to new data released on […] [Read More]

The National Science Foundation (NSF) is looking to help both the private sector companies as well as federal government agencies land highly trained experts who can fill the growing need for a highly skilled national cybersecurity workforce capable of responding to rapidly evolving challenges in the age of artificial intelligence . As part of its […] [Read More]

Tricolor now has quite an accolade on its digital mantle. The company announced on Wednesday that it has been named the LendIt Fintech Industry Award winner for Excellence in Financial Inclusion. Tricolor highlighted that it was honored for its use of advanced technology as the core of a purpose-driven model that significantly and measurably improves […] [Read More]

McGlinchey Stafford recently announced the addition of three new members of the firm, all of whom were formerly of counsel at the firm. The three new members include: • Mikelle Bliss (commercial litigation, New York) • Lynette Hotchkiss (consumer financial services compliance, Nashville, Tenn.) • Michael Odom (real estate, Birmingham, Ala.) According to a news release, […] [Read More]

Carleton recently welcomed a new executive who possesses vast experience with multiple automakers. The provider of accurate and compliant lending calculations and document generation solutions announced the addition of Mark Futa as vice president of sales and marketing to be responsible for the leadership of the Carleton sales team and developing new business opportunities. Futa […] [Read More]

Alex Vetter and the team at CARS believe that “technology’s the great equalizer.”  And that’s at the core of their goals for the planned acquisition of the Accu-Trade group, as Cars.com looks to “give technology back to the local dealership” through more efficient ways to source used-car inventory. In this case, those avenues would be […] [Read More]