After meeting with a host of dealer principals and mangers during NADA Show 2022, ACV chief executive officer George Chamoun said through a company news release that, “Dealers are the most resilient business leaders.” But even the most resilient operators are starting to show a little weariness as shown in the latest Cox Automotive Dealer […] [Read More]

CreditIQ founder Bill Liatsis sits down with senior editor Joe Overby at NADA Show 2022 and shares a bit more about the company's business model, which offers a fintech platform providing instant online auto finance screening and approvals to facilitate online vehicle buying. Liatsis also discusses how CreditIQ, which was purchased by the CARS group […] [Read More]

Next up on our NADA Show podcast series, Cox Automotive Mobility president Joe George and Manheim president Grace Huang sit down with senior editor Joe Overby to discuss how electric vehicles — one of the most popular topics at the convention in Las Vegas — and auto auctions intersect. They look at how Cox is preparing for an […] [Read More]

Beginning Cherokee Media Group’s collection of episodes recorded in Las Vegas, Experian senior director of dealer intelligence Amy Hughes returned to the Auto Remarketing Podcast. Hughes shared details of her presentation at NADA Show 2022 about how Gen Z vehicle buyers behave and what this youngest demographic of consumers wants from the ownership experience. To listen to […] [Read More]

Longtime auto industry analyst Jesse Toprak, whose background includes time with Edmunds, TrueCar and Cars.com, is now the chief analyst at Autonomy, the electric vehicle subscription platform from Scott Painter and Georg Bauer. Toprak was most recently the chief executive officer of CarHub. His auto analyst roles included being the chief analyst at Cars.com, the […] [Read More]

Edmunds shared data on Thursday that highlights just how much equity the 4 million consumers who began a vehicle lease in 2019 might now possess. Perhaps more than $7,000 to $10,000 in some instances. [Read More]

Toyota earned Best Resale Value: Brand honors from Kelley Blue Book for the sixth time in the last nine years, and corporate sibling Lexus won Best Resale Value: Luxury Brand for the third time overall. On Monday, KBB released its 20th annual Best Resale Value Awards, which spotlight the 2022 model-year vehicles expected to retain […] [Read More]

As electric vehicle owners are becoming more satisfied with at-home recharging capability, more consumers are financing the acquisition of an EV. But as these trends continue, at least one expert is cautious about the capacity of the U.S. power grid to handle EV charging to go with the demands already placed on it because of […] [Read More]

Following its acquisition of America's Auto Auction, XLerate Group has brought the Auction Credit Enterprises (ACE) and XL Funding (XLF) floor plan finance companies under common leadership. XLerate — which is the parent company of America’s Auto Auction and XLerate Auctions, Liquid Motors as well as the two aforementioned floor plan providers — has named […] [Read More]

It’s a bit of a Catch-22 for franchised dealership service departments these days. The number of repair orders continues to slow, but the amount of revenue a franchise dealer generates on each repair continues to break records. That’s according to a report Tuesday from Cox Automotive that examines service department data from its Xtime subsidiary. [Read More]