LAUNCHER. SOLUTIONS has teamed up with VINData to provide its finance company customers with a deeper view into vehicle history, title data, vehicle values and more, all to help them manage risk and decisioning. Through Launcher’s appTRAKER Loan Origination System, customers will be able to access VINData Title and History Reports, which include real-time information […] [Read More]

It’s a bit of a Catch-22 for franchised dealership service departments these days. The number of repair orders continues to slow, but the amount of revenue a franchise dealer generates on each repair continues to break records. That’s according to a report Tuesday from Cox Automotive that examines service department data from its Xtime subsidiary. [Read More]

CarGurus has brought its Instant Max Cash Offer to the West Coast, announcing Tuesday that the all-digital car-selling solution is now available in California. Instant Max Cash Offer, which is powered by CarGurus subsidiary CarOffer, allows dealers to bid on and acquire used cars online from consumers. The platform blends CarGurus’ consumer-facing marketplace with CarOffer’s […] [Read More]

It’s shaping up to be an unusual spring. Spring training isn’t the usual buzz because of the labor clash involving Major League Baseball. And Black Book is seeing wholesale values soften, even as IRS data shows a double-digit rise in federal income tax filings that often can fuel what happens in the lanes. [Read More]

According to the U.S. Census Bureau, three of the four most populated states are California, Texas and New York. Coincidently, highlights from Urban Science’s 2021 Automotive Franchise Activity Report (FAR) showed those three states generated the most significant state-level changes, too. Overall, Urban Science indicated last year produced continued stability and slight growth for the […] [Read More]

The first car that Carvana ever sold was in Georgia, and now the online retailer has opened a new campus in the state’s capital. Carvana’s new Atlanta facility, which officially launched Tuesday, currently employs 1,500 team members in the state. The company plans to add 3,500 more jobs in the area in coming years. Atlanta […] [Read More]

The acquisition train just keeps gaining steam throughout the automotive industry. The latest momentum builder arrived on Tuesday when TransUnion said it has signed a definitive agreement to acquire Verisk Financial Services, the financial services business unit of Verisk, in a $515 million deal. TransUnion highlighted that Verisk Financial is relied upon by leading financial […] [Read More]

The latest update from the Internal Revenue Service shows the volume of individual tax filings and refunds is off to a roaring start this season. As of Feb. 11, the IRS said it has received 26,421,000 individual tax returns since the 2022 filing season began on Jan. 24. That’s up 28% from the same juncture […] [Read More]

It’s another M&A move in automotive, this time in the repair and reconditioning space. Repairify said Tuesday it has acquired AutoMobile Technologies, which provides enterprise-grade used-car reconditioning software. Repairify is a portfolio company of Kinderhook Industries, and it includes such brands as asTech, adasThink, BlueDriver, FleetGenix, MobileTechRX, One Guard Inspections, and RED (EU). Having both […] [Read More]

E Automotive Inc. and its EBlock brand have purchased the FastLane Auto Exchange independent auto auction. The acquisition of FastLane, located in Mount Morris, Mich., expands EBlock’s footprint to the Midwest, and better positions the company for facilitating cross-border dealer-to-dealer transactions. “The acquisition of FastLane Auto Exchange uniquely strengthens our wholesale marketplace, EBlock, in both […] [Read More]