The Federal Reserve board of governors voted 8-4 in favor of holding its target lending rate at 3.5% to 3.75%, where it has stood since December, in what was likely its last meeting led by chairman Jerome Powell. +
EPIC earned the highest scores from Startup Symposium judges and attendees, who rated eight companies on their investment potential based on rapid-fire pitches and Q&A sessions. +
Former PCMI and Cox Automotive executive Autumn Dennis has been named vice president of sales for TecAssured, where she will lead sales, growth initiatives and enterprise partnerships. +
Wolters Kluwer’s latest Auto Finance Digital Transformation index finds U.S. econtracting volume declined by 1.5% from Q1 2025 but “significantly” outpaced new vehicle sales. +
Agents in attendance at last week’s Agent Summit witnessed the reveal of Nation Safe Drivers’ OnRamp product lineup and NSD360, a new agent- and dealer-facing learning management system. +
Cox Automotive and Moody’s Analytics report higher incomes, steady interest rates and increased incentives offset a near-$50,000 average transaction price in March. +
Plans to accept nominations for future F&I Hall of Fame members are already underway following the induction of the Class of 2026 at this week’s Agent Summit. +
Capital Auto Protection Services will form a warranty financing company with the help of billing, digital payments and financing technology provider Input1. +
A new partnership with Administrative Management Solutions gives F&I Direct the ability to directly administer F&I programs for dealers via the AMS platform. +
Sales of full-size SUVs and pickups — and a decreased appetite for small cars — pushed the average U.S. new vehicle transaction price to $49,275 in March. +
