Perhaps consignors shouldn’t overreact to softening wholesale prices and volume either remaining steady or maybe even rising a bit in certain lanes and locations. Black Book reported on Tuesday that overall wholesale prices dipped 0.86% last week with the auction conversion rate steady at 56%, “reflecting continued buyer selectivity and firm floors.” Analysts added in […] [Read More]

It was arguably the biggest development in auto retail technology this autumn. Maybe the entire year. TrueCar announced in mid-October that founder and former CEO Scott Painter is leading a group that plans to acquire the automotive digital marketplace. Upon close, Painter, who stepped down as  CEO in 2015, will return as TrueCar’s CEO. But not […] [Read More]

Artificial intelligence hasn’t taken over the car-shopping process yet, but a survey by Cars.com shows it is making inroads. The vehicle-shopping marketplace’s AI in Car Shopping Consumer Survey, conducted in early November among 936 in-market shoppers and recent vehicle buyers, found 44% of the respondents used AI-powered search tools on third-party sites to shop for […] [Read More]

CarMax is ready to go the extra mile to acquire inventory. All the way to the seller’s front door. The national used-car retailer is now offering at-home pickup service, allowing consumers nationwide to sell their vehicle without leaving their home or office. The company also introduced Offer Watch, a new tool that helps customers track […] [Read More]

EMG has launched a new tool to help dealerships create a marketing plan at the local level. The retail automotive streaming advertising company unveiled the Strategy Engine, a new feature in its Maven streaming analytics platform designed to help dealerships turn complex sales and market data into a ready-to-use streaming campaign strategy that grows local […] [Read More]

Just before Halloween, EPIC announced it had raised $10 million in Series A funding. Then last week, the financial technology company wanting to transform how the automotive industry manages the loan payoff and title release process, formed its board of directors,  bringing together seasoned executives and investors whose experience spans automotive technology, venture capital, and […] [Read More]

Auto-finance companies might have the latest technology and highly trained personnel to use it as designed. But the contract holder’s personal finances might be the top determinant in how satisfied a consumer is with their lender. According to the J.D. Power 2025 U.S. Automotive Financing Satisfaction Study, customer satisfaction with lenders is heavily influenced by […] [Read More]

Are auto-finance providers taking on more risk or are there simply more consumers who fall into the subprime credit tier? Here some more data to consider. As Cox Automotive’s information showed credit access improved a bit in October, TransUnion’s October 2025 Credit Industry Snapshot showed 16.1% of the current, industry-wide auto portfolio falls into subprime, […] [Read More]

Nick Saban has scored again. The former football coach, whose resume includes six national championships with Alabama and another at LSU, has joined with his Dream Motor Group partners Joe Agresti and Steve Cannon to acquire Toyota of Montgomery and Lexus of Montgomery in Montgomery, Ala., from Brett Sutherlin’s Sutherlin Automotive Group in a deal […] [Read More]

“Merry” is a word you hear a lot this time of year. But for Montway Auto Transport, it’s not about holiday cheer. It’s about security. The third-party logistics brokerage announced it has integrated the Ship.Cars Fraud Detection Tool — personified by Montway’s new security icon, Merry Montana — into its platform. In a news release, […] [Read More]