Economic experts from Cox Automotive, Experian and S&P Global Ratings keep using a word that might not reassure dealerships and finance companies about their roads ahead. Uncertainty. Four separate reports from the three firms discussed some cracks forming in the labor market, the unlikelihood of an interest rate cut coming before this ongoing heat wave […] [Read More]

Rydell Automotive Group is the new owner of two Nebraska dealerships — for now. The unique dealership group, led by Wes Rydell, announced it has acquired Tom Dinsdale Chevrolet GMC Cadillac and Tom Dinsdale Hyundai in Grand Island, Neb., in a transaction that closed Wednesday. The stores will operate under the combined name of Grand […] [Read More]

The pressure for carriers to quickly find and secure the right load is high. But too often, carriers get stuck in the daily grind of manually searching multiple load boards and entering the same load criteria over and over again. That’s where smart load matching comes in. This AI-powered tool is transforming how carriers operate, […] [Read More]

Hyundai Canada’s new charitable foundation has made its first big splash. Hyundai Hope on Wheels, launched in Canada this year, presented BC Children’s Hospital Foundation with a $250,000 donation to support children and youth receiving cancer care in British Columbia. In a news release, Hyundai Auto Canada said some 130 children are diagnosed with cancer […] [Read More]

“Don’t Panic.” That’s the message on the cover of the fictional Hitchhiker’s Guide to the Galaxy. And while the Canadian auto finance market isn’t soaring through the cosmos to the end of the universe, Mike Buckingham said the same message applies. Are there problems to be concerned about and addressed? Of course — affordability, tariffs, rising fraud, sinking used-car supply. But ... [Read More]

Cherokee Media Group’s Nick Zulovich secured some time with Gene Daughtry of Auto Master Systems this week in Las Vegas during the annual convention hosted by the National Independent Automobile Dealers Association. Daughtry still travels nationwide regularly and has weekly online meetings with buy-here, pay-here dealers who are seeking to sharpen their collections departments. Daughtry […] [Read More]

For many Americans with shaky credit, keeping up with car payments is becoming a growing struggle, and the numbers prove it. Subprime delinquency rates surged to record highs in 2023 and continued climbing in 2024, with the 60-plus-day delinquency rate reaching 6.15% in December. This upward trend is expected to persist through 2025. The impact […] [Read More]

Dealers Auto Auction Group chief client officer David Diedrich has retired, the auction group announced. Vice president of national sales Josh Combs will take on the client contact role for DAAG, the company said. “David has been a valuable part of DAAG, and his dedication to client service and industry leadership have made a lasting […] [Read More]

Auto Remarketing is proud to celebrate our annual Women in Retail awards, a program sponsored by CarGurus. With these awards, we recognize top leaders on the retail side of the auto industry, including honorees from dealerships, dealer groups and third-party providers/vendors. In addition to Q&A features in the July issue of Auto Remarketing, honorees will […] [Read More]

IAA is expanding its presence south of the border — in fact, south of south of the border. The global digital marketplace, which serves more than 170 nations, has entered into a market alliance with Moto Leader Group International in Panama, according to IAA’s parent company RB Global. MLG International will operate an IAA auction […] [Read More]