Carvana redeemed itself in 2024, emerging as one of the most profitable and fastest growing publicly listed auto retailers. In the company's latest earnings call, CEO Ernie Garcia said 2024 “will always be a defining year in the Carvana story.” For the full year, Carvana sold 416,348 retail units ... [Read More]

While perhaps not a clip that will set records, TransUnion is expecting some growth in auto financing this year. Previously held back by stubbornly high inflation, rising interest rates and elevated home and vehicle prices, TransUnion said this week that new auto, mortgage, and unsecured personal loans are expected to see gains in 2025. A […] [Read More]

For Cars Commerce vice president of sales and auto brand advertising Brian Miller — and likely many others closely involved with auto retail — electric vehicles have “been a really fascinating space to watch on the used-car side.” And the pre-owned segment “might be the key to unlocking growth” for the EV market, given some […] [Read More]

Here’s a positive trend happening in the finance office at one in five dealerships, according to Protective Asset Protection. The provider of F&I programs and services said at least 75% of the car buyers at that store purchased F&I products online in the last 12 months. And don’t think those other four stores are struggling […] [Read More]

Here’s another path for National Independent Automobile Dealers Association members to get the credit they need to run their businesses. The association said it wanted to develop an exclusive financial product to add value to our member’s business operations with the result being the National Independent Automobile Dealers Association World Elite Business Mastercard. This new […] [Read More]

In March, Auto Remarketing releases its annual “Best CPO Dealers” issue, presented by Cars Commerce, which provides a brand-by-brand ranking of the top dealers for certified pre-owned vehicle sales at 14 automakers. For the remainder of February, we will be previewing this issue by sharing the individual automakers’ respective top 10 lists. All rankings are provided […] [Read More]

In March, Auto Remarketing releases its annual “Best CPO Dealers” issue, presented by Cars Commerce, which provides a brand-by-brand ranking of the top dealers for certified pre-owned vehicle sales at 14 automakers. For the remainder of February, we will be previewing this issue by sharing the individual automakers’ respective top 10 lists. All rankings are provided […] [Read More]

Auto theft is declining in Canada, but the rate is still “unreasonably high,” according to Équité Association’s latest report. The 2024 Auto Theft Trend Report, released last week by the nonprofit organization supporting Canadian property and casualty insurers, showed auto theft was down 18.6% in 2024. That follows three years of historic highs, capped by […] [Read More]

As part of its inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries. The honorees in the first-ever Automotive Intelligence Awards: Industry Analysts include, in alphabetical order by last name: — Jonathan […] [Read More]

CDK kept two more large clients in its fold, announcing multi-year renewals of its agreements with Fred Beans Automotive Group and Tasca Automotive Group. The dealership software provider said both groups will use the CDK Dealership Xperience, an open and integrated platform designed to connect the consumer-to-dealer buying journey into a single transaction. Fred Beans, […] [Read More]