The National Automobile Dealers Association said it’s supporting controversial joint resolutions by three Republican senators to revoke waivers allowing California’s strict emissions standards, which include a ban on the sale of new gas-powered and hybrid vehicles by 2035. The resolutions, introduced by Sens. Shelley Moore Capito (R-W.V.), Deb Fischer (R-Ind.) and Markwayne Mullin (R-Okla.), seek […] [Read More]

The U.S.’s long-awaited — and feared — 25% auto tariff is in effect, and at least for the moment, its effect on Canada’s used-car wholesale market has yet to be seen. A week after posting its first increase in three years, was down again for the week ending April 8. But, again, just barely. Wholesale […] [Read More]

Hold on tight, folks. It’s going to be a bumpy ride. A surge in wholesale used vehicle prices in the past two weeks signals the beginning of what could be a wild and unpredictable year of ups and downs in the market. The “roller coaster ride” predicted by Cox Automotive chief economist Jonathan Smoke is […] [Read More]

Concerns about the coming auto tariffs sent car shoppers racing to dealerships in March, according to a report by Cloud Theory. The automotive data analytics firm’s quarterly “On the Horizon” report found the consumer fears about the potential impact of the tariffs, implemented April 3, led to an additional 153,000 new vehicle sales last month. […] [Read More]

Are tariffs on every car shopper’s mind? Maybe not, but data from Car Wars indicates “a significant shift” in customer conversations, with more dealership customers talking about the issue in the week before President Trump’s 25% auto tariffs took effect on April 3. The provider of call tracking, texting and phone technology for auto dealerships […] [Read More]

CreditApp Technologies wants to give car dealers the credit … for providing credit. The Calgary-based provider of indirect lending software has introduced a branded dealer financing portal for Canadian automotive and powersports dealers, a tool it’s touting as the first of its kind. CreditApp said the portal enables dealers to fully personalize their buyers’ finance […] [Read More]

Plug, which is an online wholesale auction platform exclusively for electric vehicles, said Tuesday it has secured $6.7 million in seed funding and launched an EV-focused trade-in solution for dealers. Starting with the funding, the round’s leaders were Floodgate, Autotech Ventures and A*. Also participating were Leap Forward Ventures, Renn Global, Cleo Capital, Toba Capital […] [Read More]

Fleet managers are struggling to properly use total cost of ownership metrics when it comes to electric vehicles, according to a new study by EVAI. The provider of data analytics and artificial intelligence-driven fleet management technology said its online survey of more than 2,500 fleet executives, conducted in March, “highlights the challenges and frustrations faced […] [Read More]

FM Capital, a venture capital firm focused on early-to-mid stage technology companies in automotive and transportation, announced it has completed its largest fund close to date. FM said its Fund IV raised $240 million. The oversubscribed round included new and existing investors including dealers, distributors, OEMs, suppliers, insurers and other industry-related entities. “We’re elated that […] [Read More]

The basketball court wasn’t the only place for “madness” last month. With tariffs on the horizon and automotive uncertainty swirling, March produced a flurry of activity in the wholesale car market. The Trump administration’s 25% tariffs on imported vehicles — which became effective Thursday — led to “increased urgency” from consumers to buy new cars […] [Read More]