The sequential rise in used-vehicle prices has slowed but continued in June, capping a first half that has prices four figures higher than they were start the year. That’s according to analysis around the latest CARFAX Used Car Index, which indicates used-car prices this month have climbed by about 1.3%, or a little more than […] [Read More]

If dealers have some free moments this Fourth of July weekend, perhaps they can spend some time with the new solutions the Standards for Technology in Automotive Retail (STAR) rolled out on Monday. The nonprofit organization whose members include dealers, OEMs, retail system providers, and automotive-related industry organizations announced the launch of the STAR Member […] [Read More]

Cox Automotive recently projected slight softening of certified pre-owned vehicle sales and overall used-car retail transactions for the year. But experts also see the movements reflected “strength and resilience” of the used-car market. Let’s get into the numbers. As part of its Q2 2026 Mid-Year Review in Detroit, Cox Automotive chief economist Jeremy Robb recapped […] [Read More]

About a week after welcoming a new chief growth officer, Algebrik AI on Monday announced that MidWest America Federal Credit Union is now using the service provider’s cloud-native, artificial intelligence-powered loan origination suite (LOS). The institution selected Algebrik One, which is an end-to-end lending platform to unify point of sale, loan origination, decisioning, and portfolio […] [Read More]

EV Auto is the first used electric vehicle dealership to join Amazon Autos, the EV retailer said Monday. And for CEO and co-founder Alex Lawrence, whose background before automotive was tech, the decision was an easy one. “As soon as Amazon Autos was announced, I knew we wanted to be there immediately, instantly,” Lawrence told […] [Read More]

While the pandemic pushed the work-from-home shift in employment, Connected Dealer Services (CDS) made a significant investment in physical headquarters. CDS — whose brands include Advantage GPS for buy-here, pay-here dealers and subprime auto lenders, Elo GPS for independent dealerships, and CarRx for franchise dealerships — recently announced the relocation of its corporate headquarters to […] [Read More]

According to Experian’s State of the Automotive Finance Market Report: Q1 2026, the industry has generated at least 111,000 refinanced contracts during each of the past five quarters. And iLending sees the prospect for future refinancing volume might be even more robust. Based on current conditions highlighted in its State of the Auto Refinance Industry, […] [Read More]

Autonomy, the vehicle subscription company founded by Scott Painter, has a new CEO. Former Mercedes-Benz Fred Weick has been named chief executive, reporting to Painter, who will be lead director of the company’s board. Painter, who had been CEO of Autonomy, will continue as CEO of TrueCar. Weick’s background includes more than 30 years with […] [Read More]

Copart will have a new CEO at the end of next month. The company announced Monday that chief executive Jeff Liaw is stepping down from the role on July 31 and that executive chairman Jay Adair, who was the previous CEO, will take on the position. Liaw will support the transition as special advisor to […] [Read More]

Dealers who use CarGurus to market their used-vehicle inventory online have about two weeks to shore up all the details included in those listings, especially connected with fees as demanded by the Federal Trade Commission. This spring’s attention-getting move by the FTC is continuing to impact moves by service providers in automotive retailing, as CarGurus […] [Read More]