Bo goes. Suh subs. The National Auto Auction Association said Bo Jackson, scheduled to be the closing keynote speaker of the 2025 NAAA World Remarketing Convention next month in Kansas City, has canceled due to “unforeseen circumstances.” Replacing him in the lineup will be former NFL defensive tackle Ndamukong Suh, a five-time All-Pro and Super […] [Read More]

CanadaOne Auto has partnered with Canadian automotive marketplace AutoTrader.ca to support its efforts to streamline online inventory exposure for its used and new vehicle offerings. The Edmonton-based dealership group, which operates 43 locations in five provinces, said the deal allows it to explore technology-driven tools, including AutoTrader’s “recent breakthroughs” in artificial intelligence aimed at improving […] [Read More]

The Canadian wholesale used-vehicle market had its ups and down last week. Canadian Black Book’s weekly Market Insights report for the week ending Aug. 2 showed auction conversion rates rising from the depths of a year-to-date low, while vehicle values took a significant tumble. At the auctions, the average monitored sale rate came in at […] [Read More]

Eleanor Gulla, managing partner of Larchmont Chrysler Dodge Jeep RAM in suburban Larchmont, N.Y., has been appointed chairwoman of the Greater New York Automobile Dealers Association, the association announced. Gulla has been a member of the GNYADA board since 2018, serving as vice chairwoman and chair of the employee relations plan committee, as well as […] [Read More]

Carfax comes to you with a warning — and a celebration. In the wake of the severe floods this spring and summer in Texas, Kentucky and West Virginia, and with hurricane season closing in on its peak, the provider of vehicle history reports issued a caution to dealers about flood-damaged vehicles. Meanwhile, the company’s Car […] [Read More]

A decade ago, the Consumer Financial Protection Bureau established the Automobile Financing Larger Participant Rule, which created regulatory oversight over providers that originated 10,000 contracts or more annually. That threshold might be changing since the regulator now operates with half the budget it had previously. On Thursday, a notice from the CFPB surfaced in the […] [Read More]

Open Lending Corp. will have a new chief financial officer in place on Aug. 18. The provider of automotive lending and risk analytics solutions for financial institutions recently appointed Massimo Monaco as its incoming CFO, an executive who will bring more than two decades of executive finance leadership experience in the residential mortgage lending and […] [Read More]

One of the longest-tenured finance companies in the subprime space has paused originations but said, “This is not a closure of business.” Automotive Credit Corp. (ACC) said late Thursday afternoon it will continue to fund all complete contract packages that have been approved and physically received as of that day, provided they pass the lender’s […] [Read More]

A month after showing the first year-over-year decline in auction sales volumes since December 2022, the wholesale vehicle market showed some strength in July, albeit with some sales disparity among segments and vehicle age groups. Through seven months of 2025, year-to-date wholesale sales at auction are up a little more than 6% year-over-year (selling-day adjusted), according to the latest AuctionNet data from the National Auto Auction Association. In July, auction sales climbed ... [Read More]

Conversion rates at auction remain strong and values are still beating year-ago figures, but wholesale prices slowed month-over-month in July, as the market began to see a bit more volatility. Those are but a few of the wholesale used-vehicle market happenings noticed by analysts at Black Book and Cox Automotive, which released their respective monthly used-car price indices this week. Starting with Black Book, its Used Retention Index came in at ... [Read More]