Federal Reserve vice chair Michelle Bowman acknowledged Friday that Anthropic’s Mythos — an artificial intelligence model that identifies cyber vulnerabilities — created a significant stir in banking, especially after Treasury Secretary Scott Bessent and Fed chair Jerome Powell convened the largest banks to discuss Mythos and cybersecurity implications. Among the questions Bowman asked during the […] [Read More]

Cox Automotive’s Mark Strand and Paul Machin of Vintraxx Automotive each made astute observations about affordability and the subprime market on social media ahead of the newest views of consumer sentiments that keep sagging. The April reading of the Survey of Consumers conducted by the University of Michigan dropped another 3.5 points to the lowest […] [Read More]

Fletcher Jones Automotive Group knows its sweet spot, and it’s added another dealership that fits squarely in it. The Newport Beach, Calif.-based dealership group has purchased Mercedes-Benz of Beverly Hills from Group 1 Automotive, according to the Presidio Group, which advised the seller in the transaction. “This acquisition is a natural next step for Fletcher […] [Read More]

Something seemingly odd happened in the used electric vehicle market during the first quarter. Used EV supply was up more than 14% year-over-year, but the turn time on these cars was 18 days faster than it was in Q1 2025, according to the latest Industry Insights Report from Cars Commerce. Specifically, used EV supply (based […] [Read More]

Another day, another integration partnership for Tekion. The dealership technology provider has integrated with DAS Technology to connect the DAS artificial intelligence customer data and experience platform with Tekion’s AI-based Automotive Retail Cloud, a platform designed to handle the full spectrum of dealership operations. DAS Technology is the second new partner to join Tekion’s Automotive […] [Read More]

ACI Transport’s stock in trade has always been getting vehicles from one place to another. Now it’s giving them a place to stay, too. The freight brokerage firm specializing in coordinating multimodal transportation of vehicles and general commodity freight is expanding its offerings to include vehicle storage and freight warehousing services. CEO Gary Horton said […] [Read More]

ServNet Auction Group has selected 14 students as recipients of its annual scholarships. In a news release, the independent auto auction network said it is awarding a total of $42,000 in scholarships as part of its commitment to supporting education and investing in the future of its communities and industry. Eleven of the recipients will […] [Read More]

As consolidation continues in the dealership world, easily moving used inventory between stores is becoming increasingly important to a seamless customer experience. One dealer management system is structured so that dealers using it can not only more easily sell used inventory, but also integrate their AI vendor, or vendors, of choice to help do so. […] [Read More]

American Financial Services Association president and CEO Celia Winslow recently appeared before the U.S. House Financial Services Committee’s Subcommittee on Financial Institutions during a hearing focused on promoting access to credit for American consumers. Winslow spelled out the four primary problems AFSA and its members are seeing in connection with credit reporting as well as […] [Read More]

Artificial intelligence was everywhere at NADA Show 2026 earlier this year, and one thing quickly became apparent: while AI may have been used primarily as a communication tool, its use cases have quickly expanded to other parts of dealership operations. From speeding up reconditioning to dynamic pricing for used vehicles, AI is quickly becoming a […] [Read More]