The practice is as old as commerce itself; the process of buyers and sellers meeting on the price of that good or service. Well, it seems that practice was prevalent at the auctions last week, based on the latest observations from Black Book, which said wholesale values softened by 0.63%. That’s a rate more than […] [Read More]

MINI of Downtown Los Angeles has moved into its new home. The top-ranked MINI dealer in Southern California, part of the Car Pros Automotive Group, celebrated its grand re-opening following a $1 million facility renovation. The celebration included a “Cars & Coffee” event on June 21 that brought MINI enthusiasts from throughout the region together […] [Read More]

Since the beginning of this year, all sorts of experts have been talking about tariffs, analyzing the market and predicting what will happen as they take effect. But what about the REAL experts — the dealers who are out there selling cars and working with customers through all of this? During Canada’s Used Car Week […] [Read More]

Inspection and service automation platform TraXtion has launched a strategic partnership with RockED, a provider of immersive learning and communication tools for frontline teams, to deliver its custom content through RockED’s mobile platform. The content will include modules for service advisors and technicians and a library of best practices, with instant gamification and reporting on […] [Read More]

Within a few days of announcing that it will host its first in-person event in September, the Electronic Secure Title and Registration Transformation Coalition added to its advisory board. The newest member of the eSTART advisory board is Beth Caro, who also is president and CEO of the National Independent Vehicle Title Agents Organization (NIVTA). […] [Read More]

Two legal experts from Weltman, Weinberg & Reis tackled one of the most complex situations that auto finance companies and insurance providers might ever face. That’s when subrogation recovery intersects with a bankruptcy case, triggering even more questions that need to be answered. The firm’s Ted Traut — a shareholder, the Cleveland office managing attorney […] [Read More]

The Automotive Remarketing Alliance and National Auto Auction Association said Wednesday that they will jointly host the Spring Remarketing Exchange next year. The event is March 2-4 at the Renaissance Dallas Addison Hotel in Addison, Texas. ARA had previously partnered with Bobit Business Media for the spring CAR Conference. The parties mutually agreed to wind […] [Read More]

Perhaps it’s one of the most consistent trends in all of auto finance nowadays. It’s the continued adoption of digitized contracting and documentation workflows by auto retailers and their lending partners. That’s the main conclusion from analysis by Wolters Kluwer Compliance Solutions for its Q2 Auto Finance Digital Transformation Index. Key findings from the second-quarter […] [Read More]

If you’re hoping the Federal Reserve cuts interest rates this month, you might be disappointed. Comerica Bank predicted policymakers might not make a move until it’s time to celebrate Christmas, Hannukah and Kwanzaa. The Federal Open Market Committee will announce its next decision on July 30, with experts projecting that policymakers are likely to keep […] [Read More]

The midsummer dealership buy-sell frenzy has culminated in the biggest sale of the year — so far. Bosak Auto Group sold all nine of its Northwest Indiana dealerships in two separate transactions to Victory Automotive Group and Graff Family of Dealerships, according to Haig Partners, which represented the seller. Fast-growing Victory, based in Michigan, has […] [Read More]