Mia Labs has received a significant financial boost. The provider of an artificial intelligence-powered conversational platform for auto dealerships announced it has added $20 million in Series A funding, more than double its previous funding. In a news release, Mia said the round lifted its total capital raised to $29 million, making it one of […] [Read More]

New information released this week from TransUnion and LendingTree showed the growing risk auto-finance providers are absorbing. According to TransUnion’s Credit Industry Snapshot for December, the average contract amount financed in October increased to $30,914 from $30,362 in September and $29,708 in October 2024. Analysts reiterated data for originations has a reporting lag. Delinquency data, […] [Read More]

CDK now has a CDP. The retail automotive software provider has launched its customer data platform, designed to unify fragmented customer information and deliver real-time insights to dealerships. CDK said the Built-In CDP uses the industry’s largest dataset to enrich consumer information throughout the CDK Dealership Xperience to give dealers clean, trusted customer data without […] [Read More]

TrueCar is officially a private company. Fair Holdings Inc., led by TrueCar founder Scott Painter, said Wednesday it has completed its take-private acquisition of the company. The acquisition agreement was first announced in October. Fair Holdings was joined in the acquisition of TrueCar by a group of strategic partners, which included auto retailer AutoNation and […] [Read More]

When Aaron Freedman launched his logistics brokerage, he and his partner named it for the core values at the center of the business: adaptability, communication and integrity. Ten years later, ACI Transport has grown from “two guys in a basement” to a nationwide operator with Freedman as the CEO. During Used Car Week 2025, he […] [Read More]

The Canadian wholesale used-car market’s downward slide continued in the week ending Jan. 17. Canadian Black Book’s Market Insights report showed values down 0.55% for the week, the fifth time in six weeks the market has sunk by 0.50% or more. Just as the previous week, all 22 vehicle segments lost value, and 16 of […] [Read More]

AutoCanada’s transformation from a financially struggling operation to a growing company has reached the stage at which it’s a buyer in the M&A market. And as interim CEO Sam Cochrane said during the dealership group’s third-quarter earnings call in November, the collision repair business is leading the way. AutoCanada announced it has acquired Modern Autobody, […] [Read More]

The car business is both challenging and rewarding. To help anyone trying to move metal nowadays, listen to the valuable insights from some of the Women in Retail honorees, presented by CarGurus, during this panel discussion at Used Car Week 2025 in Las Vegas. The conversation is now available in this episode of the Auto […] [Read More]

There’s a growing possibility the vehicle serving as the collateral for the contract you just booked might have to be repossessed and remarketed before the consumer fully pays the balance. At Used Car Week 2025, Anne Holtzman of Allied Solutions led a panel presentation with five other industry experts who gave modern solutions — including […] [Read More]

A global pandemic. Chip shortages. Production and supply issues. Tariff and trade turmoil. The 2020s have been more rollercoaster than roaring for automakers. With the constraints and challenges of the last half decade-plus, OEMs have had to reconsider their approach to marketing and “really maximize the impact of every dollar they’re spending” on advertising, says […] [Read More]