Fresh off landing $4 million in funding, AutoAcquire AI hired two key executives in the past week, bringing in experienced professionals who have been with organizations like CarMax and CarOffer. Announced in separate news releases before and after the weekend, tapped to be chief operating officer of the start-up vehicle acquisition software company was Frank […] [Read More]

Asbury Automotive Group’s selling spree continues. The Atlanta-based dealership group completed its third divestiture of the month with the sale of its Larry H. Miller Ford, Chevrolet and Stellantis dealerships in Provo, Utah to Salt Lake Valley Auto Group, a deal announced by sell-side advisor Kerrigan Advisors. Asbury sold Larry H. Miller stores in Lemon […] [Read More]

The global private equity upturn — which was taking shape last year and extended into a relatively upbeat first quarter of 2025 — is weakening as dealmaking and exits are hit by market and economic headwinds triggered by recent turmoil over tariffs. That’s the primary finding from Bain & Company through its 2025 Private Equity […] [Read More]

Produced through a joint effort by the National Automotive Finance Association and the American Financial Services Association, officials said the annual Non-Prime Automotive Financing Industry Survey contains “more than just numbers.” Now available complimentary for participants and for purchase by other interested executives, officials highlighted the annual survey “captures the current state of the non-prime […] [Read More]

Is artificial intelligence the future of auto retailing? The answer to that question depends on whom you ask. Cox Automotive’s Digitization of Automotive Retail Study found an enormous gap between what consumers and car dealers believe will happen. The study, which surveyed 2,193 consumers and 385 franchise dealers, showed 83% of the consumers said the […] [Read More]

Pickup trucks and electric vehicles/hybrids. They’re two segments that tend to either dominate sales and/or dominate headlines. And often the discourse around fuel-efficiency and energy. But in June, they have dominated used-vehicle price increases. According to the latest Carfax Used Car Index, used pickup prices climbed almost $1,100 month-over-month in June, which is their steepest […] [Read More]

How an independent dealer approaches inventory strategy might be different than a franchised store. Patrick Janes, associate vice president of inventory solutions management at Cox Automotive, delved into the current inventory landscape during this week’s NIADA Convention in Las Vegas for this episode of the Auto Remarketing Podcast. Listen to the conversation through the window […] [Read More]

The newest member of the team at the National Independent Automobile Dealers Association spent a few minutes during this week’s NIADA Convention in Las Vegas for this episode of the Auto Remarketing Podcast. Patrick O’Brien, who joined NIADA in May as director of government relations and compliance, shared more details about his background with the […] [Read More]

After a slow start to 2025, the dealership buy-sell market is picking up its pace. The Dave Cantin Group saw that firsthand this month, closing two California dealership sales in the span of a week. The mergers and acquisitions advisory company announced the sale of Audi West Covina from Envision Motors to Victor Oh of […] [Read More]

A group of auto retailers — including CarMax, Carvana, as well as multiple franchise and independent dealers — along with various electric vehicle-related industry stakeholders sent an open letter to the U.S. Senate on Thursday urging lawmakers to slow the speed at which EV tax incentives included in the Inflation Reduction Act are being overhauled. […] [Read More]