Automotive News reports U.S. new vehicle sales improved for the second straight month, building on momentum gained in September and fueled by hybrids and EVs. +
Lithia Motors has expanded its presence in the Memphis market with the purchase of four dealerships from Tennessee’s largest privately held group. +
In a move likely to draw the ire of President Trump, inflation concerns compelled the Federal Reserve to hold its target rate at 3.75% to 4% following September’s quarter-point hike — and two members voted to raise it again. +
PromptPath’s AI-powered conversation platform now features role-specific microlearning programs built to maximize results for managers and trainees. +
Experts say a near-$4,000 gap between first and last list price proves dealers should treat unsold new vehicles less like products and more like investments. +
Intellicheck has partnered with Agility Credit to add AI-powered verification before a credit file is pulled and help dealership workers detect identity-related fraud. +
A new data integration allows Spyne’s conversational agent to operate within current Dealertrack DMS workflows for mutual dealership customers. +
Buckeye Risk Services has appointed former franchised and independent dealer group executive and Texas Independent Auto Dealers Association leader Mark Jones as the agency’s new business development manager. +
FlexPath DXP’s inaugural Automotive Shopper Credit & Payment Behavior Study proves shop-by-payment tools are not just for credit-challenged car buyers. +
Analysts say average negative equity on trade-ins has passed the $7,000 mark, forcing underwater buyers to pay $165 more per month than the national average. +
