Independent battery health certification is the new gold standard for used EV dealerships. The latest AVILOO detect Magazine reveals how...
Read More
SPONSORED EPISODE: Five questions to ask before choosing a transportation partner
This sponsored episode of the Auto Remarketing Podcast features two experts from Central Dispatch who offer valuable guidance for choosing a transportation partner. Shanna Wise, who oversees business strategy execution, and Blake Bentley, who leads enterprise client account success, take ... Listen Here
Inside Auto Auction M&A with Mach10 CEO George Pero
The auto auction industry has seen a spike in M&A over the last three years, similar to the consolidation in auto retail that has been going on much longer. And our guest today has experience with both. George Pero is ... Listen Here
Insight into Q3 Wolters Kluwer Auto Finance Digital Transformation Index
While the year-over-year figure reflects broader market volatility, Matthew Babcock, who oversees digital lending product strategy for Wolters Kluwer, explained the strong quarter-over-quarter increase of the Q3 Wolters Kluwer Auto Finance Digital Transformation Index signals market re-engagement. Babcock elaborated about ... Listen Here
Retail
CarMax announces CEO transition
CarMax and its leadership have developed a modernized used-car retailing experience in recent years, with a strong, fundamentally sound foundation — it is the nation’s largest used-car retail business, one that’s trusted by consumers and provides a “simple, transparent and ... [Read More]
Sonic’s F&I, fixed ops driving franchise dealer profitability
Sonic Automotive generated a record quarter for franchise dealer revenues of $3.4 billion, representing a 17% year-over-year increase and an 11% rise on a same-store basis. Fixed operations was a bright spot, helping to drive this success in the publicly ... [Read More]
Wholesale
COMMENTARY: Auctions, advisory, and operational excellence
The automotive industry continues to evolve at a remarkable pace. Every operator, from independent dealerships to large retail groups, is challenged to run leaner, think strategically, and protect enterprise value. The same holds true in the wholesale auction sector, where ... [Read More]
Lane watch: Price softening intensifies as November arrives
The wholesale market turned the calendar to November on Saturday, and wholesale values are cooling similarly to the deep autumn temperatures. Black Book reported that overall wholesale prices decreased by 1.04% last week, with vehicles less than 2 years old ... [Read More]
Technology
FAXVIN upgrades CarRank, which generates vehicle-history score on 100-point scale
FAXVIN this week rolled out a significant update to CarRank, its 0–100 vehicle-history metric designed to help shoppers and dealers compare used cars at a glance. The company highlighted the latest release incorporates additional data sources and methodology refinements that ... [Read More]
Cars.com launches AI-powered search engine for car shoppers
When you hear the name “Carson,” you might think “famed TV host” (Johnny or Daly). Or “football-flinging quarterback” (Palmer, Wentz or Beck). Cars Commerce, the parent company of Cars.com, wants you to think “AI search engine.” On Thursday, the company ... [Read More]
Analysis
Not just leaves falling: Spooky season means big drops in used-car values
Like a roller coaster at a state fair, wholesale vehicle values descended rapidly in October — and the declines were “faster than usual,” according to Black Book. To use another seasonal metaphor to describe the fall, used-car deprecation was “a ... [Read More]
End of EV tax credit sparks ‘reset era’ where pragmatism rules
The appetite for electric vehicles hasn’t evaporated. Far from it. It’s just that now, with the $7,500 tax credit having expired, the demand that exists (albeit smaller) is more genuine interest and “less deal-driven.” Or as Jessica Caldwell of Edmunds ... [Read More]
