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]

There has been some wholesale vehicle price normalization in the early stages of 2022, as values slowed again last week. According to the latest Market Insights report from Black Book, wholesale vehicle prices for the week ending Saturday were down 0.34%, following a 0.17% drop the prior week. During the 2017-2019 time frame, the average […] [Read More]

Ambient Automotive said Tuesday that its Carbly platform now includes Galves vehicle values market data. Carbly, which helps dealers make decisions on vehicle sourcing, valuation and inventory management, now includes pricing data from eight sources. Among those are Kelley Blue Book, J.D. Power, Manheim, Black Book, EDGE Pipeline, Galves and others. “With the volatility in […] [Read More]

ADESA said Tuesday it is launching a more comprehensive condition report designed to help dealers “buy with confidence.” The enhanced reports feature an upgraded photo gallery that includes a dedicated damages section, easier-to-find tire condition information and vehicle options, the company said in a news release. The top of the CR page will feature the […] [Read More]

As one subsidiary of Westlake Technology Holdings posted records in the vehicle leasing space last year, another of its subsidiaries that specializes in shared cash flow auto lending generated new company records in 2021, too. According to a news release, Western Funding compiled record growth in portfolio payouts, loan portfolio, loans originated and producing dealers […] [Read More]

Certified pre-owned sales often generate some of the most robust sales — and potential profit — for franchised dealerships. Well, the National Independent Automobile Dealers Association revamped its vehicle certification program, so independent operations can gain a bigger piece of the what the association calls the used-vehicle industry’s hottest market. On Tuesday, the association said […] [Read More]