Canadian dealership groups OpenRoad Auto, Go Auto and HGreg were honored this week for their business success. OpenRoad and Go Auto again earned recognition among Deloitte’s 2025 Canada’s Best Managed Companies, a program that celebrates excellence in private Canadian-owned companies with revenues of $50 million or more. Both companies are members of the program’s Platinum […] [Read More]

Merging Compliance Unleashed and BHPH United together paid off for organizers and to the benefit of what they said was record-setting attendance of dealerships and other industry professionals. Nearly 500 attendees gathered at Caesars Palace in Las Vegas last month for the BHPH United Summit, which included three days of hands-on learning, networking, and real-world, […] [Read More]

As dealers face rising complexity in inventory management, pricing, and profitability, especially with the 25% tariff on imported vehicles, machine-driven technologies are stepping in as vital tools — not just to handle data, but to make better, faster business decisions. From fluctuating vehicle values and evolving consumer trends to aging inventory and regional market differences, […] [Read More]

In what economists said was “universally expected,” the Federal Reserve left the federal funds target rate unchanged on Wednesday. The Federal Open Market Committee (FOMC) kept that rate at a range of 4.25% to 4.50% and reiterated a deliberate approach to potentially making any changes later this year amid tariffs and other market turmoil. But […] [Read More]

AutoTrader shoots … and scores! In its 50th birthday year, Canada’s largest car-shopping platform has hit the back of the net with its first professional sports league partnership, joining the National Hockey League in a multiyear Canadian deal that names AutoTrader the official pre-owned automotive marketplace of the NHL. “As AutoTrader celebrates 50 years as […] [Read More]

Tariffs are here. Already high new-car prices are likely to continue climbing and what’s going to happen to sales going forward is anybody’s guess. Is Roger Penske worried? Not a bit. In the first three months of 2025 ... [Read More]

In the wholesale car market, the “spring bounce” was more like the long jump this year. Driven by tariff-hurried demand, prices leapt, pushing the Manheim Used Vehicle Value Index to its highest level in 18 months, according to Cox Automotive. “The ‘spring bounce’ normally ends the second week of April, but this year, wholesale appreciation […] [Read More]

Fueled in part by tariffs, Black Book summarized April since its latest installment of Market Insights covered the week that included the last day of the month. As the calendar flipped, analysts watched wholesale prices rise another 0.24% as last week’s auction conversion rate came in at 61%. “The market continued to see week-over-week increases […] [Read More]

Two dealership groups ventured into new territory with acquisitions in states outside their previous footprint. Texas-based Casa Auto Group, which operates 11 dealership locations in its hometown of El Paso and Southern New Mexico, has taken a step to the west with its first acquisitions in Arizona. Casa purchased Chevrolet/Cadillac and Nissan dealerships in Prescott, […] [Read More]

EDITOR’S NOTE: This story is part of the May edition of Auto Remarketing, which will focus entirely on a new special feature: Who to Watch. This special feature will recognize auto industry executives and companies — selected by Cherokee Media Group’s senior editors — who are significantly shaping the future of the used-car industry. This is […] [Read More]