Trending Auto Retail News
Traditional vs. Modern Dealerships: A New Era in Car Sales
The automotive industry has significantly shifted from traditional to modern dealership models, reflecting broader technological advancements and evolving consumer preferences. With the advent of the digital era, car buying has fundamentally changed, especially in the...
Informed.IQ Partners with Suncoast Credit Union to Drive AI-Powered Innovation in Auto Lending
Informed.IQ has announced a strategic partnership with Suncoast Credit Union, Florida’s largest credit union, to streamline auto loan funding and improve dealer relations. The collaboration leverages the funding analyst platform VerifyIQ to accelerate funding...
Deciphering Q1 Auto Finance Trends: Implications for Lenders and Dealers Amid Mixed Data
The first quarter of 2025 has delivered new insights into the ongoing digital transformation within the auto finance sector. The Q1 Auto Finance Digital Transformation Index data reveals a continued upward trajectory in the adoption of digital processes, particularly...
Roma Varyani Joins Dealer Alchemist as Vice President of OEM Partnerships
Dealer Alchemist, a leading innovator in automotive digital marketing solutions, proudly announces the appointment of Roma Varyani as Vice President of OEM Partnerships. In this strategic role, Roma will spearhead the development and expansion of partnerships with...
Wholesale Used Vehicle Prices Continue to Increase
April saw a sharp increase in wholesale used vehicle prices according to Cox Automotive’s Manheim Used Vehicle Value Index. The Manheim Index climbed to 208.2, marking a 4.9 percent rise compared to last year and a 2.7 percent increase over March 2025. It was also an...
Tariffs Are Roiling the Auto Industry: Here’s What It Means for Investors
As the 2025 U.S. election cycle ramps up, tariffs have reemerged as a flashpoint in trade discussions—especially in the auto sector. Donald Trump’s White House proposed 10 percent blanket import duty and 25 percent tariffs on vehicles imported from Mexico and Canada...
Carvana Achieves Record-Breaking Q1 Results Amidst Shifting Market
Carvana released its first quarter financial results last week and they paint quite a picture for the automotive ecommerce platform. Carvana reported 46 percent year-over-year growth in retail units sold during Q1 2025, reaching an all-time high of 133,898 vehicles....
The AI-Powered Car: Inevitable, but Will Drivers Embrace It?
The automotive industry is racing into the AI era, promising smarter, more intuitive vehicles. AI in cars is not just a possibility—it’s an inevitability. Automakers are integrating AI-driven voice recognition, predictive assistance, and decision-making capabilities...
Spiffy Announces Recall Capture, End-to-End Recall Automation Platform for Mobile Repairs
Spiffy has officially announced Recall Capture, its end-to-end recall automation platform designed specifically for mobile repair operations. Currently in limited beta with major dealership groups, Recall Capture is set to streamline the recall process by automating...
Don Franklin Kia, Jerry Seiner Honda, Patriot Hyundai of Bradley: Dealership Deals
Martin Kia Joins the Don Franklin Auto Group Family Martin Kia in Bowling Green, Kentucky has officially been acquired by Don Franklin Auto Group in a deal brokered by Performance Brokerage Services. Founded in 1985 by Cornelius A. Martin, Martin Management Group...
Light-Vehicle Sales Rate Above 17 Million Units for Second Straight Month
New light-vehicle sales surpassed a 17 million-unit seasonally adjusted annual rate (SAAR) for the second consecutive month according to NADA and Ward’s Intelligence. This reflects a 7.7 percent increase year over year as the threat of tariffs continues to control...
5 Must-Have Video Strategies for Dealerships
In recent years, video has emerged as a highly effective and increasingly preferred tool in digital marketing. Google reports that nearly 60 percent of auto shoppers say online videos have influenced their purchasing decisions. Furthermore, videos generate 12 times as...
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