Three Federal Reserve governors voted to lower interest rates despite persistently elevated inflation in Kevin Warsh’s second meeting as chairman. +
EPIC and RockED have partnered to offer an education and certification pathway for loan payoff, lien release and title transparency workflows. +
Dealers set a new quarterly record with $1,769 in average F&I income per vehicle retailed, partially offsetting an 11.8% slide in franchised dealership profitability. +
VisionAST’s newly launched Novella Intelligence Suite allows dealers and agents to engage and converse with “Cassandra,” an AI-powered data analyst. +
The latest quarterly VIN-based inventory report from Lotlinx finds rebounding sales driven by new launches but offset by persistently aged inventory. +
Edmunds reports the Toyota Tundra led all trade-ins in average negative equity in a Q2 list filled with models regarded as strong residual value performers. +
In a reversal of a reversal, California Gov. Gavin Newsom has approved a rebate for first-time ZEV buyers to offset the loss of a federal tax credit. +
“‘Mid’ is in,” say Kelley Blue Book analysts in their latest monthly report, which finds smaller SUVs contributing to a sub-$50,000 average transaction price. +
EFG Admin Solutions was designed to deliver faster time-to-market and expanded offerings while facilitating entry into new markets and accelerated growth. +
Dealertrack’s Credit Availability Index rose to 104.6 in June, registering its biggest increase so far this year and its highest mark since December 2015. +
