Investment money is working its way into the automotive space, and not just through acquisitions of auctions and dealerships or software building. On Tuesday, Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, announced the facilitation of a “significant equity investment” by KT Capital Partners into Dealer Solutions & Design, which plans […] [Read More]

It probably should not be a surprise that the Black Book Used Vehicle Retention Index for October hit a new record since analysts said earlier this week that wholesale prices have risen for nine weeks in a row. [Read More]

Origence — a CU Direct brand that provides technology to enhances the origination experience to increase volume, create efficiencies and grow accounts — is reporting continued growth and market strength of credit unions using its CUDL auto lending network to originate indirect financing. According to a news release, credit unions through the third quarter of […] [Read More]

Lightico recently reinforced its global executive team by welcoming Moti Gabay as its vice president of global partnerships and alliances and head of its London office. The personnel move comes on the heels of significant growth at the digital completion company supported by a $27 million Series B funding round completed this year. “As Lightico […] [Read More]

One of the Silver Sponsors of Used Car Week isn’t just spending its financial resources to help bring together the industry for the leading event that begins on Nov. 15 at the Red Rock Resort in Las Vegas. On Tuesday, global data analytics provider Verisk announced that it acquired Data Driven Safety, a leading public […] [Read More]

Finance company executives and managers know the impact from rising vehicle prices has to come to roost somewhere. TransUnion’s Q3 2021 Quarterly Credit Industry Insights Report (CIIR) offered some interesting data to illustrate the point. The average amount financed per contract originated during the third quarter as well as the average balance still held by […] [Read More]

Auction Edge and Carbly have teamed up to launch the Pipeline Market Report, a vehicle pricing guide powered by sale data from independent auctions. The data is composed of near real-time results from Auction Edge partner auctions, with pricing based on actual transactions, the companies said in a news release. “Independent auctions are moving so […] [Read More]

The potential for electric vehicles seemingly is giving fleet operators quite a jolt of interest. On Tuesday, behavior and analytics advisory firm Escalent released the latest findings from its Fleet Advisory Hub, a platform designed to explore the needs, expectations and emotions of commercial and fleet vehicle decisionmakers. [Read More]

Autumn 2021 is proving to be completely atypical, with wholesale values rising for the ninth week in a row, as Black Book pointed out  on Tuesday.  But obviously, dealerships still need used vehicles to retail, so along with the latest pricing information, Black Book also touched on where used-car managers might be able to find the […] [Read More]

Lithia Motors & Driveway and AutoNation respectively announced record third-quarter earnings in October, with both retailers crediting their used-vehicle business for helping them address supply issues. “Our operational teams executed our best-in-class used inventory procurement model to source and recondition a large volume of used vehicles in a highly cost-effective manner,” Bryan DeBoer, Lithia & […] [Read More]