Freedonia Focus Reports and Kelley Blue Book shared more data and projections about vehicle leasing and new-model prices. Freedonia Focus Reports said that U.S. consumer spending on vehicle leases is forecast to rise 1.3% per year in nominal dollars through 2025. Analysts explained that increased consumer leasing of crossover utility vehicles, sport utility vehicles and trucks — […] [Read More]

Applications for a college-student competition cited by Fast Company as a reason Ally Financial ranked sixth on its 2021 list of Best Workplaces for Innovators — which recognizes companies that foster creative cultures — recently got in motion. Ally Financial and the Thurgood Marshall College Fund (TMCF), the largest organization exclusively representing the Black College […] [Read More]

AutoIMS has promoted director Keely Smith to the role of vice president of contracts and business services. Smith has been with the company since March 2002, when she joined as head of customer service and was one of the early employees at AutoIMS. She eventually began managing customer contracts billing and compliance. In her new […] [Read More]

Though still considerably higher than year-ago levels, wholesale vehicle prices declined sequentially for the second consecutive month. And the slowdown appears far from over, according to Cox Automotive, which said its Manheim Used Vehicle Vehicle Index came in at 223.5 in March. While up 24.8% year-over-year on a mix-, mileage- and seasonally adjusted basis, that […] [Read More]

The year that followed Gettacar partnering with the Danis Auto independent dealership got the wheels turning for founder and chief executive Yossi Levi and team. Gettacar, which launched in 2018 as an ecommerce-only online car-buying platform, “transformed” the Philadelphia store in 2020, supplying it with inventory and also utilizing its reconditioning capabilities, Levi said. What […] [Read More]

Auction award season continued this week as defi REMARKETING, the end-to-end remarketing services of defi SOLUTIONS, announced its 2021 Auction of the Year. The company’s top accolade went to ADESA Cincinnati/Dayton, as defi REMARKETING also recognized Manheim Dallas and Manheim Orlando as second and third place honorees, respectively. Executives highlighted ADESA Cincinnati/Dayton has been a […] [Read More]

Roughly about a month after landing a relationship with Kentucky dealerships, ComplyNet this week secured a similar achievement with dealers in a bordering state. The Illinois Automobile Dealers Association announced it chose ComplyNet as an endorsed partner of environmental, health, and safety (EHS) compliance solutions.  ComplyNet said through a news release that it will bring […] [Read More]

TransUnion wrapped up the workweek by announcing on Friday that it has completed the acquisition of Verisk Financial Services, the financial services business unit of Verisk, for $515 million. The credit bureau first revealed it was making this move in February. TransUnion highlighted that leading financial institutions, payment providers and retailers worldwide rely on Verisk […] [Read More]

The first quarter of 2022 just finished, but Dasceq remains intrigued by a McKinsey survey from December 2020 that indicated almost 10% more people will use mobile banking technologies after the COVID-19 pandemic. The firm that specializes accounts receivables and collections by leveraging artificial intelligence and other technologies said that trend is impacting the way […] [Read More]

Northern California’s Del Grande Dealer Group purchased three dealerships in the first quarter that expand the retailer’s presence in the region and adds Honda to its franchise portfolio. After buying Fremont Hyundai in the fourth quarter, DGDG began 2022 by acquiring Stevens Creek Hyundai and Genesis of Stevens Creek in Santa Clara, as well as […] [Read More]