Leasing of electric vehicles either got a big recharge or lost a lot of juice in July. It all depends on how you want to consider the data StoneEagle shared on Monday. The F&I solutions provider reported July’s lease market delivered a sharp rebound led by a surge in EV volume. But the gains came […] [Read More]

Agora Data said through a post on LinkedIn that the fintech innovator of advanced capital solutions in subprime and non-prime consumer finance has hired Wendy Pratt as its new vice president of sales strategy. “Wendy is an experienced and recognized leader in the financial markets and automotive industry, bringing a dynamic, results-driven approach and a […] [Read More]

Just ahead of the Federal Reserve chair making some of his most important public comments of the year on Friday, the latest results of the Bain & Company/Dynata Consumer Health Indexes (CHI) indicated a souring mood among U.S. consumers is emerging. And that mood appears to be strongest within a consumer segment often served by […] [Read More]

Artificial intelligence is creeping into vehicles, and according to J.D. Power’s latest study, it’s helping drive customer satisfaction. The J.D. Power 2025 U.S. Tech Experience Index Study, in its 10th year, has added a smart vehicle category to evaluate seven AI-based technologies designed to make driving easier and more comfortable. The findings showed several of […] [Read More]

Logistics technology provider RPM has named Binu Panicker as its new chief technology officer. In a news release, the company cited Panicker’s 26 years of technology and executive leadership experience including stints with Covisint, Dassault and most recently as CTO of FreightVerify, where RPM said he was “instrumental in transforming the company into an AI-powered […] [Read More]

Chris Walsh has been part of Reynolds and Reynolds since 1987. But the dealership software provider’s president and acting CEO said he’s never seen anything like this. Reynolds unveiled its newest technology — Rey, an artificial intelligence agent designed for dealership professionals — during last week’s Reynolds Retail Summit: Amplify 2025, and Walsh said it […] [Read More]

Artificial intelligence has also entered the end-of-lease portion of automotive. Lease End, a fintech company involved in the lease-buyout process, on Thursday launched AI Constellation, a proprietary suite of in-house AI agents built to solve operational gaps and serve more drivers. Designed and developed entirely by Lease End’s in-house technology team, the company highlighted these […] [Read More]

Automotive dealerships invest heavily in acquiring new customers, but a significant challenge lies in retaining them beyond the initial vehicle purchase. Many customers, often dubbed “lost souls,” never return for service or their next vehicle, representing a massive untapped revenue stream which is particularly needed given the impact of tariffs expected later this. In today’s […] [Read More]

Mandy Deveau is marketing manager at DriveHRIS, where she leads dealer communication and engagement. In June, she joined Canada’s Used Car Week Live Stage, presented by SYCN Auto Logistics, to talk about “How Women in Automotive Can Lead with Confidence.” Listen to her conversation with Cherokee Media Group senior editor Joe Overby in the window […] [Read More]

A startup seeking to help dealers source inventory from private sellers is swinging for the fences, stepping up to the plate with a lineup of Cox Automotive veterans that includes one of the biggest names in the auto industry. The heaviest hitter is Chip Perry, founding president and CEO of Autotrader and former CEO of […] [Read More]