The automotive industry has always been cyclical, but today’s market conditions present a new set of challenges. With a 25% tariff being imposed on all imported vehicles, dealer principals must rethink their long-term strategies. The question is no longer just about operational efficiency. It’s about survival and securing the best path forward. For many dealers, […] [Read More]

Hyundai Mobis, one of the world’s largest suppliers of automotive parts and components, held an investment presentation for startups in North America, seeking to secure a future mobility technology alliance. The company held its fourth annual Mobis Mobility Day this week in Detroit, moving it from its previous site in California’s Silicon Valley to a […] [Read More]

Cerritos Auto Square in Cerritos, Calif., has debuted a free concierge service for car shoppers. The Southern California retail center, which bills itself as “America’s largest auto mall,” said customers now have access to concierge representatives to help them find the right car, answer questions about financing and trading in vehicles, and negotiate for better […] [Read More]

Credit Acceptance, EFG Companies and Western Funding all announced in recent days that they received awards associated with their operations connected to auto financing. Beginning Credit Acceptance, the company specializing in subprime auto financing said it has been named one of the 100 Best Companies to Work For by Great Place To Work and Fortune […] [Read More]

Location Services said Thursday it has acquired third-party dealer consignment remarketing company Marina Hill Finance. Location Services, a full-service recovery management company, also announced it is rebranding its remarketing division as Pinnacle Remarketing. Marina Hill Finance is based in San Antonio, Fla., which is Northeast of the Tampa area and to the Southwest of Orlando. […] [Read More]

State Line Auto Auction in Waverly, N.Y., announced the launch of a new online tool and a new website designed to enhance their dealer experience. The dealers-only auction unveiled Edge Lookout, an improved online portal through Auction Edge. “We upgraded to Edge Lookout, a more complete front-end interface for the Edge Pipeline platform that lets […] [Read More]

The National Automobile Dealers Association said it’s supporting controversial joint resolutions by three Republican senators to revoke waivers allowing California’s strict emissions standards, which include a ban on the sale of new gas-powered and hybrid vehicles by 2035. The resolutions, introduced by Sens. Shelley Moore Capito (R-W.V.), Deb Fischer (R-Ind.) and Markwayne Mullin (R-Okla.), seek […] [Read More]

The U.S.’s long-awaited — and feared — 25% auto tariff is in effect, and at least for the moment, its effect on Canada’s used-car wholesale market has yet to be seen. A week after posting its first increase in three years, was down again for the week ending April 8. But, again, just barely. Wholesale […] [Read More]

Hold on tight, folks. It’s going to be a bumpy ride. A surge in wholesale used vehicle prices in the past two weeks signals the beginning of what could be a wild and unpredictable year of ups and downs in the market. The “roller coaster ride” predicted by Cox Automotive chief economist Jonathan Smoke is […] [Read More]

Concerns about the coming auto tariffs sent car shoppers racing to dealerships in March, according to a report by Cloud Theory. The automotive data analytics firm’s quarterly “On the Horizon” report found the consumer fears about the potential impact of the tariffs, implemented April 3, led to an additional 153,000 new vehicle sales last month. […] [Read More]