It’s been an active month for Automotive Ventures. Two weeks ago, chief executive officer and founder Steve Greenfield announced the final closing of the firm’s inaugural venture fund. Then according to a news release distributed on Wednesday, Automotive Ventures’ name surfaced again as it was involved with Lender Compliance Technologies (LCT) — a company that […] [Read More]

Dealerships that have potential buyers who insist they want an American-made vehicle now can point them to Tesla. That’s correct, at least according to Cars.com’s 2021 American-Made Index (AMI) released on Wednesday. Tesla topped the site’s independent, annual list that ranks the new vehicles that contribute most to the U.S. economy based on criteria ranging […] [Read More]

How about these potential signals of improvements for used-car managers scouring the lanes for necessary inventory without using their entire floorplan allotment with a single click or tap? Black Book reported on Tuesday that car segments posted the lowest weekly gain in values in 17 weeks. Analysts added that truck values showed their lowest weekly […] [Read More]

On its website, Recurrent said it aims to "more transparency and confidence in pre-owned electric car transactions" in hopes of driving further EV adoption. Its chief executive officer, Scott Case, joined the podcast to share how the company goes about doing just that. Plus, we discuss the fastest-selling used EVs, the infrastructure still needed in […] [Read More]

Service providers are continuing to respond to the challenge of meeting dealership demand to improve digital retailing capabilities their customers want. On Tuesday, Dealertrack F&I and Tekion today announced the launch of a new digital contracting integration between the two platforms designed so users can deliver an improved digital vehicle-buying experience. According to a news […] [Read More]

Here comes what might be some welcome help for independent dealerships with service departments, or franchised stores that have a vehicle come through their service drive that’s outside of their direct factory purview. LKQ’s diagnostic services business — now branded Elitek Vehicle Services — is expanding its services beyond on-site mobile diagnostics and repair to […] [Read More]

Lithia & Driveway has extended its footprint to Mississippi through the purchase of Toyota of Jackson, the dealer group said Tuesday. Lithia expects the dealership to bring in annualized revenues of $95 million. Since announcing a five-year plan in 2020, Lithia is now at $7.6 billion in total expected annualized revenues acquired. “We are excited […] [Read More]

Less than a week after naming an interim chief financial officer and a new addition to its board of directors, RumbleOn’s period of leadership change continued on Tuesday with the company’s outside counsel joining RumbleOn as general counsel. According to a news release, Michael Francis has worked with RumbleOn from the beginning, leading the company’s […] [Read More]

It’s about time to hit the road in Canada. Once the pandemic restrictions are lifted, 84% of Canadians say they might take a road trip this summer, says CARFAX Canada. And for those looking to buy a used car as the vessel for that trip, the company has three reminders to consider around accident reports, […] [Read More]

The Consumer Financial Protection Bureau is taking another deeper look at industry activities and the Military Lending Act (MLA) that one compliance expert said that it “bears watching.” Last week, the CFPB issued an interpretive rule that explains the basis for its authority to examine supervised financial institutions for risks to active duty servicemembers and […] [Read More]