700Credit executives say an October cyberattack exposed the personal data of dealership customers and they have been working with NADA to craft a dealer action plan. +
Cox Automotive’s Q4 Automotive Dealer Sentiment Index finds dwindling optimism among retailers as escalating costs, prices and uncertainty affect profits and consumer confidence. +
U.S. dealers enjoyed gains in F&I profit per vehicle retailed, products per deal and monthly F&I income in the third quarter, offsetting losses in average front end gross and total gross per vehicle. +
DataBreach.io reports records stolen from 700Credit in an October cyberattack are being offered for sale on the dark web with an asking price of $8.4 million. +
Numa’s newest tool was designed to enhance communications with service advisors, parts teams and BDC reps by adding customer-specific context to every call and voicemail. +
Toma’s new Safeguards tool was designed to detect and reroute irate customers. It launches alongside Inbox, a new dashboard that displays every queued call, voicemail and text. +
The latest report from Kerrigan Advisors shows the number of dealership buy-sells could exceed 2024’s record of 438 by year’s end as strong sales and earnings propel consolidation. +
Hudson Automotive Group has acquired all 15 Baton Rouge, La.-area All Star Automotive dealerships, which collectively account for 17% of the market’s new vehicle sales. +
iTapMenu’s new Remote Menu feature was designed to allow F&I professionals to deliver complete, interactive menu presentations to customers’ personal devices via text. +
Carvana has purchased San Diego Chrysler Dodge Jeep Ram from Sunroad Automotive Group, the dealer disruptor’s third new-car store and its first in the nation’s No. 1 auto market. +
