There’s a strong connection between the auto industry and motorsports — particularly among dealership groups — and one Michigan auto retailer is adding to it this weekend. With its sponsorship of driver Josh Bilicki of Rick Ware Racing, Sunday’s Firekeepers Casino 400 at the Michigan International Speedway will mark the first time that Zeigler Auto Group […] [Read More]

Information recently shared by NextGear Capital reinforced which vehicles are clearly the ones being stocked and retailed by independent dealers. According to its industry data, six of the top 10 vehicles floor planned with NextGear during the first and second quarters of this year represented the two most popular vehicles in America — the Ford […] [Read More]

DriveItAway is continuing to forge partnerships to help dealerships turn vehicles while giving consumers the opportunity to secure transportation and rebuild their credit. Via a news release distributed Tuesday, the provider of subscription to ownership technology that can enable anyone, regardless of down payment or credit score, a transparent risk-free digital process to buy a […] [Read More]

Much like the retail side of the used-car market, digitization and new business models in the wholesale car business have increased the number of ways buyers can acquire inventory. Leaders with several of these “Emerging Marketplaces” in wholesale will be on hand for a panel discussion at the IARA Summer Roundtable in San Antonio. Moderated by […] [Read More]

The National Auto Auction Association launched its autoauctionjobs.com in 2019 with the notion of creating a one-stop, registry of technical schools and scholarship opportunities for young people interested in pursuing careers as service technicians. Then came 2020. And on its heels, COVID-19. NAAA continued working on the program and identifying technician apprenticeships throughout 2020, but […] [Read More]

As if dealerships didn’t have enough headwinds just in contending with tight inventory and high prices, Cox Automotive chief economist Jonathan Smoke spotted a development he said hasn’t been seen in three decades. What prompted Smoke to make the assertion on Monday was what surfaced on Friday as the University of Michigan said, “Consumers reported […] [Read More]

There’s another AI in the automotive technology space. Automotive Innovations (Ai), which goes by the same acronym as artificial intelligence, launched its suite of dealership tools on Monday. According to a news release, Ai offers an all-in-one solution that can allow dealers to replace multiple tools, increase profits and get real-time visibility into their business. […] [Read More]

Within days of the new chief executive officer describing the ripe opportunities for auto refinancing, iLendingDIRECT secured more funding to grow its operations and more. On Friday, iLending announced that it has raised an additional $35 million through a transaction led by First Eagle Alternative Credit. This new capital follows iLending’s announcement in May that […] [Read More]

Last week, the Federal Financial Institutions Examination Council (FFIEC) issued updated guidance that provides financial institutions with examples of effective authentication and access risk management principles and practices for customers, employees and third parties accessing digital banking services and information systems. The five parts of the guidance include: — Highlights the current cybersecurity threat environment […] [Read More]

After recently forging a relationship with an independent dealership group, Scienaptic bolstered its client roster of independent finance companies on Monday. The credit decision platform provider fueled by artificial intelligence now is working with Right Direction Financial Services, which looks to provide financing for individuals seeking to rebuild or establish their credit through high-quality, certified […] [Read More]