Dealers can now submit credit applications directly into Algebrik One, an AI-powered decision tool, to secure financing and receive compliant loan docs, all without leaving the AppOne interface. +
Edmunds reports more than one in four Americans who secured an auto loan in the second quarter were underwater on their current vehicle, with a historically high average balance of $6,754. +
Honda has launched Honda Insurance Solutions, a new, licensed agency built to offer competitively priced options to buyers of Honda and Acura vehicles. +
Trump administration officials announced the terms of an agreement that would reduce tariffs on vehicles and parts imported from European Union nations to 15%. +
Capital One’s Dealer Navigator platform now features ProtectID, a new solution that uses AI to gauge risk by combining soft pulls with fraud models and deep data insights. +
Zoom Auto Protect has unveiled a new claims and concierge platform that promises instant coverage decisions, nationwide service center integration and enhanced customer satisfaction. +
Tariffs on vehicles imported from Japan are now set at 15% as a part of an agreement that AAPC chief Matt Blunt calls a “bad deal” for U.S. factories that build vehicles in Canada and Mexico. +
Lotlinx’s latest report finds U.S. dealers sold fewer EVs with more supplies in the second quarter as a market “fueled by affordability” steered price-conscious car buyers into gas and hybrid units. +
The latest Presidio Group/NCM Associates report finds the average U.S. franchised dealer enjoyed a 27.1% year-over-year increase in net pretax profit in the second quarter. +
Wolters Kluwer’s Digital Transformation Index shows econtracting adoption increased by just over 7% from the prior quarter and is up by more than 116% over the past four years. +
