Retail

CarMax data shows vehicle brand loyalty remains the same — only the names have changed

The level of brand loyalty among CarMax customers has stayed pretty much the same since 2017 — only the brands have changed. Back then, CarMax pored through its data to look at the brands, models and types of vehicles its ... [Read More]

Wholesale

Auction notes: Awards from GM Financial & anniversary at America’s Auto Auction Charleston

GM Financial spotted perfection in the auction world. On Wednesday, the captive named five regional Auction of the Year winners for 2023, one Most Valuable Auction of the Year, and for the first time, awarded a Perfect Audit Score. These ... [Read More]
award winner

Technology

Cox Automotive launches tool to check batteries of EVs running at Manheim

Cox Automotive wants dealers to have confidence in the battery health of the electric vehicle they acquire through Manheim. So, on Wednesday the company launched a solution that will measure the EV battery health for each specific VIN across Manheim. ... [Read More]

Financial

Ally picks former Discover, TD Bank exec as next CEO

Ally Financial has its next chief executive officer who said he admires the company’s “leading position in automotive finance.” Late on Wednesday, Ally announced Michael Rhodes will be its new CEO, starting at the company on April 29. Rhodes will ... [Read More]

Analysis

Haig: Dealerships remain hot properties even as profits and values decline

While demand for dealerships remained strong in the fourth quarter of 2023, dealership profits and blue sky values fell significantly year-over-year, according to research from Haig Partners. The Q4 Haig Report, which tracks trends in auto retail and their impacts ... [Read More]

X