To the average consumer, CarMax is best known as a used-car retailer. But for the last three decades, the company also has had a thriving wholesale operation — and it’s one that has proven mutually beneficial for the retail side of the business, opened unique data sets and created avenues for business opportunities with traditional […] [Read More]

According to iSeeCars’ analysis, the average vehicle on the road has just a 4.8% chance of making it to 250,000 miles. But not all vehicles are average. The automotive search engine and research website has released its latest study to determine the longest-lasting vehicles on the market, a list topped by four Toyotas that all […] [Read More]

Affinitiv and Dominion DMS both announced leadership changes on Tuesday, and each move involved Sharon Kitzman. According to separate news releases from the companies, Kitzman is now chief executive officer of Affinitiv, which is a leading provider of intelligence-driven software and lifecycle marketing solutions for OEMs, dealers, and automotive groups. And taking Kitzman’s place at […] [Read More]

Black Book is asking the same question you and your colleagues at your dealership or finance company might be considering. How much industry juice are electric vehicles going to lose now that the federal tax credits have expired? Those federal EV incentives hit their sunset last week when Black Book watched overall wholesale values drop […] [Read More]

Carvana’s same-day vehicle delivery service has reached a milestone. With the addition of Salt Lake City, Utah becomes the 20th state with a market offering the service. The online used-car retailer said select customers in the Salt Lake City area can now receive their vehicle as soon as the same day they order it on […] [Read More]

US Auto Trust has moved into a new part of the U.S. The California-based dealership group has acquired Boardwalk Auto Group’s remaining stores in the Dallas area, featuring high-end performance cars. The deal includes Ferrari and Maserati franchises in Plano, Texas, and Lamborghini, Pagani and Czinger dealerships in Richardson. US Auto Trust also operates four […] [Read More]

According to a post on social media, Bell & Williams Associates has selected Recovery Industry Services Co. (RISC) as its exclusive partner for third-party recovery agent compliance monitoring. In a move that was effective Oct. 1, RISC will manage all compliance document monitoring and inspections for Bell & Williams’ recovery agent network. “After a thorough […] [Read More]

Sopra Banking Software (SBS) said the global financial technology company is on track to complete more than 100,000 digital audits across the U.S. by the end of the year, allowing nearly 18,000 U.S. auto dealerships to benefit from its SBS Financing Platform (SFP) Digital Audit solution. SBS highlighted that working with the country’s top floor […] [Read More]

On Tuesday, Carputty announced the launch of Flexloan, a new product that the fintech company said “significantly expands” the namesake’s addressable market. In partnership with Westlake Direct, a division of Westlake Financial, Carputty has introduced Flexloan, which is a product designed to bring Carputty’s transparent financing model to a full spectrum of creditworthy borrowers, extending […] [Read More]

Experts are still trying to project how the dramatic bankruptcy filing by Tricolor Holdings is going to impact subprime auto finance for the remainder of the year and beyond. Legal practitioners from Davis+Gilbert and McDonald Hopkins each recently offered perspectives, touching on subjects like fraud and potential lessons the entire industry can learn. Joseph Cioffi […] [Read More]