AutoSonix has launched an AI-powered platform designed to give dealers, wholesalers and warranty providers “unprecedented” visibility into a vehicle’s condition and value. +
Fifth Third Bancorp will acquire Comerica Inc. in an all-stock transaction valued at $10.9 billion, creating the nation’s ninth-largest bank with approximately $288 billion in assets. +
Tesla delivered 497,099 units to U.S. buyers and lessees in Q3, setting a single-quarter record as the clock ran out on the $7,500 federal EV tax credit. +
Toyota, Hyundai and Ford lead in year-over-year gains in Automotive News’s Q3 and September sales reports, which show a boom for electrified units and welcome news for Stellantis dealers. +
BMW, Ford and Stellantis have recalled a total of nearly 500,000 U.S.-sold units over the past two weeks, including 200,000 BMWs that may be susceptible to engine fires and must be parked outdoors. +
Protective Asset Protection has launched a new comprehensive program that refreshes and streamlines its Paint and Fabric product with broader coverage and new benefits. +
Edmunds’s Q3 auto finance report shows the average down payment for a new vehicle fell to $6,020 while $1,000-plus monthly payments, loan terms and interest rates remain high. +
A new Carleton survey finds lending, banking, finance and fintech professionals are both optimistic and cautious toward new systems designed to improve speed, accuracy and compliance. +
Automotive News reports Ford and General Motors have been working with dealers to secure an unknown number of $7,500 federal tax credits for EV shoppers before they expire. +
RouteOne has adopted machine learning and optical character recognition to identify and process “not electronically originated” documents included with econtracting packages. +
