The Federal Open Market Committee (FOMC) at the Federal Reserve raised the federal funds rate target to a range of 0.25 to 0.5%, marking the first push higher by policymakers in three years. The move prompted Cox Automotive chief economist Jonathan Smoke to say Wednesday’s action is likely the first of seven increases by the […] [Read More]

"We're ready for major U.S. expansion." That was one message EBlock chief executive Jason McClenahan had for dealers at NADA Show 2022, where he sat down with senior editor Joe Overby to discuss the progress of the digital auction company's U.S. rollout, its work with independent auto auctions and more. Plus, McClenahan discusses the EDealer […] [Read More]

CreditIQ founder Bill Liatsis sits down with senior editor Joe Overby at NADA Show 2022 and shares a bit more about the company's business model, which offers a fintech platform providing instant online auto finance screening and approvals to facilitate online vehicle buying. Liatsis also discusses how CreditIQ, which was purchased by the CARS group […] [Read More]

Next up on our NADA Show podcast series, Cox Automotive Mobility president Joe George and Manheim president Grace Huang sit down with senior editor Joe Overby to discuss how electric vehicles — one of the most popular topics at the convention in Las Vegas — and auto auctions intersect. They look at how Cox is preparing for an […] [Read More]

Through two months of the year, wholesale auction sales of used vehicles up to 8 years in age are down 15% year-over-year, with most of that softening happening in the premium segment. That’s according to the latest Wholesale Market Update from J.D. Power Valuation Services, which said there was a combined total of approximately 594,000 […] [Read More]

As an entrepreneur, Shift chief executive officer George Arison has often been a “builder” when it comes to tech-enabled platforms. In addition to co-founding Shift, Arison was co-founder of Taxi Magic, which is now Curb In his leadership of Shift, he has long envisioned a dealer listings marketplace at the company, but realized that it […] [Read More]

After serving for more than four years as the president of PAR North America, Lisa Scott is embarking on her next professional chapter, transitioning from repossessions and recoveries to digital wholesaling. On Wednesday, E Automotive named Scott as the company’s new chief revenue officer. An award-winning and highly experienced senior executive, Scott brings more than […] [Read More]

It’s the detail that vehicle shoppers might want to know more than anything else when they’re searching online. When they find a vehicle they might like, that shopper immediately wants to know what their monthly payment might be. To provide those details in an effort to make researching and purchasing a vehicle more interactive and […] [Read More]

Equifax and Team Velocity Marketing want dealers to work with who they’re calling “perfect-time” shoppers — individuals who are credit-qualified and most likely to buy a vehicle now. To get those shoppers to dealerships, Equifax and Team Velocity Marketing formed a partnership to deliver an innovative new subscription marketing service for dealers through Team Velocity’s […] [Read More]

APCO Holdings, a leading provider and administrator of automotive F&I products and home to the EasyCare and GWC Warranty brands, recently announced that Kate Eltringham has been promoted to senior vice president of marketing and strategy. According to a news release, Eltringham joined APCO in 2013 as director of marketing for the GWC Warranty brand, […] [Read More]