Informativ on Tuesday introduced a new feature to instantly verify “stips” — the additional documents or information required to finalize a contract — for businesses including auto dealers and financing companies The provider of fraud prevention, compliance and credit technology for the automotive and consumer finance industries said the new feature is called Verified Stips. […] [Read More]

A longtime automotive executive has launched a co-op to provide individual dealers with the bargaining power of a dealer group. AutoTrust Dealer Alliance calls itself a first-of-its-kind, 100% dealer-owned cooperative, designed to give dealers “the scale and profitability of a large public group while preserving full independence and control.” In a news release, AutoTrust said […] [Read More]

Auction sales last month didn’t reach July’s heights, but still beat prior-year figures, with the year-to-date pace remaining ahead of 2024, as well. That’s according to the latest AuctionNet report from the National Auto Auction Association, which said wholesale unit sales were up about 3% year-over-year in August, when adjusting for selling days, but fell […] [Read More]

It’s official: Lithia & Driveway is now a major player on the world stage. The company, which operates some 450 locations in the U.S., Canada and the U.K., has made its first appearance in the Fortune Global 500, which the magazine calls “the definitive list of the world’s largest corporations.” LAD made its debut at […] [Read More]

California, here it comes. Carvana’s next combination auction-reconditioning operation is coming to ADESA Golden Gate. The online used-car retailer announced it plans to add inspection and reconditioning center capabilities to the wholesale auction site in Tracy, Calif., adding to its rapidly growing list of integrated facilities. ADESA Golden Gate, which has served wholesale customers for […] [Read More]

In the post-pandemic reshuffling of the auto industry, a surprising trend has emerged: certified pre-owned vehicles that are barely a year old are taking over dealer lots. What began as a premium-brand tactic has now found its way into the mainstream market. These 1-year-old CPO vehicles are changing the game for dealers, manufacturers and buyers […] [Read More]

Continuing our series of Auto Remarketing Podcast episodes from Canada’s Used Car Week in June, Jameel Ghata of PAVE leads a discussion featuring executives from across Canada’s automotive ecosystem — Jack Sulymka (PAVE), Mark Would (BMW Group Canada), Bryan McIntyre (EBlock Canada), and Lisa Prestidge (Element Fleet Management) — exploring why transparency, accuracy, and consistency […] [Read More]

Agora Data hired Wendy Pratt less than a month ago to be its vice president of sales strategy. Then on Monday, the fintech innovator of advanced capital solutions in subprime and non-prime consumer finance announced the appointment of Pratt to be head of its Financial Institutions Group (FIG). The company said through a news release […] [Read More]

After a hot start to the year — thanks to the threat of tariffs — Canadian wholesale used-vehicle values have been heading steadily downward. Canadian Black Book’s Used Vehicle Retention Index fell in August for the third consecutive month, coming in at 138.1, down from 138.5 in July and 139.1 in June. The index began […] [Read More]

Montway Auto Transport has expanded its reach yet again. The third-party logistics brokerage said Tuesday it has acquired TurnTime Transport, an auto transport brokerage based in Phoenix. Montway said the two companies’ customers are complementary and that adding TurnTime boosts its dealer and auction transport services. This move follows Montway’s acquisition of luxury vehicle transport […] [Read More]