Last month was the strongest March for auto auction sales in four years, capping a first quarter that beat year-ago figures by nearly 5%, according to the latest AuctionNet data and analysis from the National Auto Auction Association. March also marked an all-time high for sales of electric vehicles at auction, NAAA said. Overall, there […] [Read More]

Vehicle appraisal services provider Auto Value Professionals has launched a newly designed website to give drivers, attorneys, repair shops and classic car collectors a platform to access vehicle appraisal services nationwide. The company specializes in diminished value claims, total loss appraisals, classic and luxury car valuations, and post-accident inspections to help clients recover fair compensation, […] [Read More]

Auto industry F&I and training provider JM&A Group has introduced a new plan to help dealers attract and keep employees. The Health Captive Program, part of JM&A Group Dealership Insurance Services, is designed to help dealerships provide competitive, cost-effective health benefits that can improve employee retention and recruitment. “It was our dealer partners who were […] [Read More]

Way.com has partnered with IWS Acquisition Corp. (IWS) to distribute Way+ memberships through credit unions nationwide, helping Americans to manage the costs of vehicle ownership. According to a news release, this collaboration enables credit unions to offer Way+ as a value-added benefit, providing their members with exclusive savings on parking, car washes, gas, electric vehicle […] [Read More]

It was a good year for Credit Union Leasing of America (CULA). The facilitator of indirect vehicle leasing for credit unions for more than 35 years highlighted its achievements reached in 2024, including the growth of its footprint to 27 states and increasing its number of active dealer partners by 91%. CULA now also operates […] [Read More]

The auto industry changes at lightning speed, influenced by evolving consumer behaviors and preferences. As a growing number of consumers seek to purchase vehicles online, savvy dealers and lenders are upgrading their processes to offer auto buyers a streamlined, fully digital buying experience. The transition to online car buying presents a range of challenges for […] [Read More]

CarMax is seeing a lot of momentum in its business. Just ask the company’s president and CEO, Bill Nash. He and others said the word, “momentum,” several times during the company’s fourth quarter fiscal year 2025 earnings release conference call. In fact, he used the word three times in one sentence during the Q&A portion of the earnings call. “We expect that momentum that we’ve been seeing for the last three quarters, we’re coming into the year very strong, and we’ve got some good momentum, and we would expect to continue that momentum ...” Nash said. Earlier in the call, Nash provided examples of that momentum, noting that digital tools and enhancements have ... [Read More]

Anecdotal conversations that Cherokee Media Group shared with Auto Intel Summit attendees last week generally indicated that dealers and lenders are not having too much trouble getting potential vehicle buyers the financing they need to take delivery. The newest Dealertrack Credit Availability Index released while industry leaders gathered in Cary, N.C., reinforced that conference dialogue. […] [Read More]

EDITOR'S NOTE: This is a special preview (available now to CMG Premium subscribers) 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 not an awards issue, but rather a collection of special features on leading companies and executives from retail, remarketing, auto finance, loss mitigation, and investor segments of the industry. [Read More]

TSD Mobility Solutions announced its long-term strategic plan for upgrades to its rental car software products, including several to be released this year. The initiatives begin with the redesigned TSD RENTAL mobile app, launched this spring. In a news release, the provider of software for rental car companies said the new design “reflects TSD’s dedication […] [Read More]