America’s Auto Auction has a new assistant general manager at its Boston area location. And the new executive didn’t have to travel far. Joining America’s Auto Auction Boston as assistant GM is Liz Morich, who brings 25 years of remarketing experience to the role, including her most recent post as GM of ADESA Boston. Morich […] [Read More]

Perhaps inspired by the Rocky Mountains in the vicinity, the auctioning of a 2019 Jeep Wrangler Unlimited Sahara during this week’s NIADA Convention & Expo in Denver generated $26,500 for the NIADA Foundation. According to a news release from the National Independent Automobile Dealers Association, these auctions have raised nearly $165,000 for the NIADA Foundation. […] [Read More]

Cox Automotive announced that Mallorie Hollenbeck, a student at Northwood University in Midland, Mich., has been named this year’s recipient of the $10,000 National Independent Automobile Dealers Association Foundation Northwood University Scholarship. The annual scholarship, given during this week’s NIADA Convention & Expo in Denver and supported by Cox Automotive in collaboration with Manheim and […] [Read More]

It’s a risk component buy-here, pay-here dealers absorb each time they complete a delivery. How long will their customers maintain car insurance? To help mitigate that risk, CheckMy Driver by Modives and Auto Master Systems (AMS) expanded their partnership to deliver enhanced insurance verification, monitoring, and portfolio protection capabilities to BHPH dealers across North America. […] [Read More]

Just like some buy-here, pay-here dealers, PassTime is diversifying while using one of its strengths. This week, PassTime launched TruGuard, a new commercial asset protection and visibility brand designed to help businesses protect, track, and manage high-value mobile assets across demanding real-world operations. Built specifically for commercial and operational environments, PassTime highlighted TruGuard can deliver […] [Read More]

For years, automotive retail has approached digital advertising as a volume game. The prevailing assumption has been that more traffic, more impressions and more leads naturally translate into more sales. However, as inventory costs rise, margins tighten and consumer demand fluctuates across segments, many dealers are discovering a difficult reality: not every vehicle on the […] [Read More]

Amid “a resilient consumer credit landscape,” the latest edition of CreditGauge from VantageScore showed the average auto loan balance in May rose to $25.100, increasing modestly month-over-month and 2.5% year-over-year. Analysts also indicated the balance-to-loan ratio ticked up 0.13% to 64.06% in May and is now 0.25% above the year-ago level. VantageScore said the balance-to-loan […] [Read More]

HGreg is approaching Montreal Canadiens levels of trophy winning in its hometown. The used-car retailer has won the Consumer Choice Award in the Used Car Dealerships category in the Greater Montreal area for the 16th time, HGreg said last week. “Receiving the Consumer Choice Award for the 16th time is an incredible honour and an […] [Read More]

After two years of downward pressure and headwinds, there has been a spark in wholesale prices of electric vehicles. Especially for the segment’s most dominant nameplate. And among internal combustion engine vehicles, fuel efficiency is fueling price retention. That’s according to a pair of reports released by wholesale automotive experts this month. Starting with the […] [Read More]

Black Book watched auction conversion rates drop 4% week-over-week to settle at 58% during the timeframe that ended on Saturday. Analysts explained what might have happened through its newest edition of Market Insights, which also showed overall wholesale values ticking 0.19% lower. “The wholesale market remained stable but selective this week,” Black Book said in […] [Read More]