America’s Group has made its sixth acquisition of the year, announcing Thursday that it has purchased Western Wisconsin Auto Auction, its second location in the state. The Chippewa Falls-based auction is located 97 miles east of Minneapolis and is less than 10 miles from Eau Claire, Wisc. Western Wisconsin AA holds sales at 3 p.m. […] [Read More]

There has been a spark in the used hybrid and electric vehicle market this month. After two years of consistent slowdowns, the segment has shown the most month-over-month retail price growth of any vehicle category in the latest Carfax Used Car Index. According to Carfax, used hybrid/EV prices are ... [Read More]

When it comes to value, the gold standard is … gold. Unless it’s the color of your car. The latest study from iSeeCars looks at the effect color has on a vehicle’s resale value, and gold cars are at the bottom of the list. The analysis of 1.2 million 3-year-old vehicles showed the average gold […] [Read More]

Perhaps you could make an argument that the used-car market is almost as healthy as it can be for both auctions and dealerships based on two trends highlighted by Black Book in its latest installment of Market Insights. On the wholesale side, Black Book said last week’s auction conversion rate came in at 60%, and […] [Read More]

Artificial intelligence is almost as prevalent in automotive nowadays as car row in your community. But how are the smartest dealerships and service providers using AI? A trio of executives tackled that question and more during a panel discussion at this spring’s Auto Intel Summit that’s now available through this episode of the Auto Remarketing […] [Read More]

Stellantis’ long search for a new CEO has ended. The automaker has named Antonio Filosa to its top executive position, ending a six-month search to replace former CEO Carlos Tavares, who resigned in early December amid declining sales and profits. Filosa will assume the CEO role effective June 23, when he will announce the company’s […] [Read More]

Denver is the latest market to get Carvana’s same-day delivery service. The online used-car retailer said car buyers in the Denver area can now take delivery of select vehicles as soon as the same day they’re ordered from Carvana.com, and customers selling their vehicles to Carvana can get same-day drop-off options after completing the online […] [Read More]

Auto-finance data often highlights trends such as originations and delinquencies. But for the closing presentation of this spring’s Auto Intel Summit, TJ Cox of TransUnion and Jill Louden S&P Global Mobility took a different approach about what auto-finance data could show. Now available through this episode of the Auto Remarketing Podcast, hear some of the […] [Read More]

Calling it a “simple idea,” Point Predictive saw strength in numbers as being crucial in curbing fraud and generating other potential benefits for the auto-finance industry. It’s why the solutions provider that leverages artificial intelligence and other technologies cheered so loudly recently about a significant milestone — its industry consortium surpassing more than 650 lenders, […] [Read More]

Cox Automotive reported unique credit applications per dealer using Dealertrack ticked up 2% year-over-year last week. So, does that mean consumers feel more comfortable pushing forward with a financing commitment and taking vehicle delivery? It depends on which reading of consumer confidence you examine. A new survey by digital personal finance company Achieve showed plenty […] [Read More]