Subaru announced plans to form a new captive finance company that will offer loans, leases and floorplan financing to U.S. and Canadian dealers. The factory will extend partnerships with Chase and Toyota to facilitate the transition. +
Shine & Drive has partnered with LodeStar RE to add an industry-first contractual liability policy to its agent- and dealer-facing car wash program. +
George King adds Fortune 500 leadership and global investment banking experience to Lotlinx’s executive team as the inventory performance intelligence company expands its AI capabilities. +
Edmunds reports nearly 69% of trade-ins come with an average of more than $13,000 in positive equity despite easing inventory constraints. +
Atlanta will become Group 1 Automotive’s second-largest market with the billion-dollar purchase of Hennessy’s Automobile Companies’ 10 dealerships. +
Three Federal Reserve governors voted to lower interest rates despite persistently elevated inflation in Kevin Warsh’s second meeting as chairman. +
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. +
Dealer Digital Intelligence was designed to create a competitive advantage as AI-powered searches proliferate and regulatory pressure intensifies. +
Conversica has launched Ignite, an AI-native platform built to unify valuable customer, vehicle, sales, service and conversation data from existing dealer systems. +
A major platform update gives Phone Ninjas users new insights — including performance gaps — based on their actual conversations with customers. +
