Digital used-vehicle marketplace OPENLANE is working to offer what its CEO describes as the most diverse commercial and dealer inventory available. That is part of the first of “three differentiating priorities” OPENLANE is working on toward its strategy to build on the momentum of its strong third quarter of 2026. During OPENLANE’s third quarter 2026 […] [Read More]

CarGurus reported third quarter revenues climbed 12% year-over-year to $258 million, as it continues to ramp up its artificial intelligence capabilities and integrate products into more steps of dealership workflows. During its Q3 conference call, the company highlighted strategic initiatives such as the launch of StockVantage and the expansion of its data-driven tools, including VINMax, […] [Read More]

CarGurus saw double-digit revenue growth in the third quarter despite dealerships facing a tougher macroeconomic environment and consumers’ continuing affordability concerns. “While we have been encouraged by the sequential improvement at the dealer level, we do not believe that dealer enthusiasm has returned to 2025 levels driven primarily by dealer margin pressure. For the consumer, […] [Read More]

During its third quarter earnings call, Cars.com launched Marketplace Starter, a no-fee self-service subscription plan aimed at independent dealers. The online marketplace sees attracting more independent dealers to list on its site as a key to long-term sustainability. “In keeping with our focus on development velocity, we launched our first self-service marketplace offering to better […] [Read More]

Penske Automotive Group reported its third-quarter financial results late last month, with quarterly revenue up 5% year over year to $8.4 billion. However, those used to PAG’s detailed earnings call presentation after the initial press release found things a bit different this time around. Its second-quarter conference call with industry analysts earlier this year might […] [Read More]

In its usual third-quarter earnings report at the end of last month, AutoNation shared quarterly used-vehicle sales results, showing a small decline in retail units but improved unit gross profit. The group sold 65,410 used-vehicle retail units in Q3 2026, down 5% from 68,960 units during the same period last year. Same-store used vehicle retail […] [Read More]

Sonic Automotive reported a record quarterly total revenue of $4 billion at the end of October. Contributing to that total was the dealer group’s pre-owned arm, EchoPark, which grew retail unit sales 22% year-over-year to 19,923 units sold in the third quarter. The EchoPark segment brought in $596 million in revenue, up 14% year-over-year, driven […] [Read More]

While inspections, CRs, and diagnostics for internal combustion engine vehicles prioritize mechanical wear, fluid systems, and tailpipe emissions, electric vehicle inspections focus on high-voltage electronics, software, and, most importantly, battery health. And though both vehicle types share many components, the shift from ICE mechanical complexity to software-driven EV electrical systems fundamentally changes how they are […] [Read More]

While inspections, CRs, and diagnostics for internal combustion engine vehicles prioritize mechanical wear, fluid systems, and tailpipe emissions, electric vehicle inspections focus on high-voltage electronics, software, and, most importantly, battery health. And though both vehicle types share many components, the shift from ICE mechanical complexity to software-driven EV electrical systems fundamentally changes how they are […] [Read More]

Vehicle inspections. Condition reports. Diagnostics. All terms dealers and remarketing professionals hear every day. However, as the number of electric vehicles continues to increase in auction lanes and on dealership lots, the differences between internal combustion engine vehicles and their electric counterparts in these critical processes are becoming more evident. While inspections, CRs, and diagnostics […] [Read More]