InformedIQ explained another term you can add to your auto-finance vocabulary if you haven’t already: data hallucinations. These are plausible but incorrect data generated by “off-the-shelf” large language models (LLMs). According to findings from an industry wide survey about AI and more conducted by InformedIQ, lenders are increasingly wary of generic AI solutions, citing “data […] [Read More]

Bank of America pointed to three paths — artificial intelligence-driven solutions, global payments, and personalized financial planning tools — that propelled clients’ digital engagement with the institution to record levels last year. This week, Bank of America announced its clients connected with their finances approximately 30 billion times last year through a combination of digital […] [Read More]

Auto Remarketing has released its annual Best CPO Dealers issue, presented by AutoVision, which provides a brand-by-brand ranking of the top dealers for certified pre-owned vehicle sales at 16 automakers. For the remainder of March, we will be showcasing this issue by sharing the individual automakers’ respective top 10 lists. All rankings are provided by the automakers. […] [Read More]

Edmunds head of insights Jessica Caldwell showed why she’s  one of this year’s Automotive Intelligence Award recipients by explaining how used electric vehicles can help in solving the affordability challenge for some consumers. Especially with average gas prices are now well above $3 per gallon. According to AAA, the average price of a gallon of […] [Read More]

It might still be awhile before spring arrives, but the Canadian wholesale used-vehicle market showed signs of warming as the calendar turned to March. In what Canadian Black Book’s weekly Market Insights report for the week ending March 7 called “a noticeable shift from the previous week,” wholesale prices showed an overall decline of 0.30%, […] [Read More]

Auto Remarketing has released its annual Best CPO Dealers issue, presented by AutoVision, which provides a brand-by-brand ranking of the top dealers for certified pre-owned vehicle sales at 16 automakers. For the remainder of March, we will be showcasing this issue by sharing the individual automakers’ respective top 10 lists. All rankings are provided by the automakers. […] [Read More]

Lithia & Driveway is spreading some wealth to help create the next generation of American automotive technicians. The dealership group, which operates more than 450 locations in three countries, has contributed a total of $550,000 to automotive education programs nationwide as part of its Helping Drive the Future initiative, with 11 colleges and universities receiving […] [Read More]

AutoTechIQ announced it has hired Justin Goins as chief sales officer to oversee national sales strategy, channel partnerships and revenue expansion initiatives. The provider of digital vehicle inspection optimization and repair shop performance software said Goins brings extensive experience in automotive technology sales and leadership, having built and led sales teams focused on driving performance […] [Read More]

autologiQ, a vehicle management platform designed to empower Canadian consumers throughout the entire vehicle ownership lifecycle, has added another piece to that mission with the acquisition of FIX4 Capital Lending Inc.’s dealer network and repair financing originations. “This acquisition aligns with autologiQ’s strategy to expand our advisory services and offer repair finance and insurance solutions […] [Read More]

Three months into its new era, Widewail has made another major change. In what it called “a pivotal milestone”, the automotive reputation management and customer experience platform has hired its first chief operating officer, adding former Dealerware executive Melissa Terrell to lead the company’s efforts to scale its operations and expand internal infrastructure. In a […] [Read More]