Mark Janbakhsh faces a maximum sentence of 30 years in federal prison after being convicted in a bank fraud conspiracy involving his brother, inflated inventory and unearned lines of credit. +
Ford and Lincoln dealers using the factory’s FordDirect customer engagement platform now have a new employee in “Jerry,” Podium’s AI-powered, inbound lead-handling virtual sales assistant. +
Presidio Group analysts say U.S. dealership buy-sell activity was roughly on par with last year for the first two quarters of 2025, but blockbuster deals could portend a busier second half. +
Kelley Blue Book analysts say strong, steady incentive spending kept new vehicle prices in check in July, a month in which EV discounts soared to record highs ahead of significant changes to federal policy. +
vAuto will leverage the power of AI to enhance the trade-in appraisal and service lane sourcing processes and generate instant offers for quality units with UVeye’s “MRI for cars.” +
Strong July sales reports were matched by a third consecutive month of improved credit access, according to Dealertrack’s latest Credit Availability Index, which climbed to 98.1. +
Group 1 Automotive has acquired a Mercedes-Benz dealership located in an uptown Atlanta neighborhood known for its high-rise office and condo towers and wealthy residents. +
PCMI’s new Claims Intelligence framework was designed to add efficiency to the claims adjudication process by combining the powers of AI and automation. +
Tesla is allowed to sell its EVs directly to consumers in Ohio, but its competitor, Rivian, is not. The latter is suing to end the state's ban on DTC sales and its rival’s carveout. +
Tesla CEO Elon Musk’s role in the 2024 election and second Trump administration coincides with a brand loyalty rate that plummeted from 73% to 49.9% in less than a year. +
