IAA is expanding its presence south of the border — in fact, south of south of the border. The global digital marketplace, which serves more than 170 nations, has entered into a market alliance with Moto Leader Group International in Panama, according to IAA’s parent company RB Global. MLG International will operate an IAA auction […] [Read More]

Florida-based Morgan Automotive Group has expanded in its home state. The retailer purchased Hodges Mazda of the Avenues in Jacksonville and Hodges Mazda of St. Augustine from brothers David and Dan Hodges, according to Haig Partners, which advised the sellers. David Hodges, the principal owner of the stores, and Dan Hodges, his minority partner, are […] [Read More]

If you have a customer in the market for an affordable late-model vehicle, the options are fewer and far between. In 2019, nearly half of 3-year-old used cars sold were priced at less than $20,000. That share has dropped to 11.5% this year, according to an iSeeCars analysis of 2.6 million 3-year-old vehicles. To buy one of these late-model vehicles in 2019, consumers had to shell out an average of $23,159. Now they’re paying ... [Read More]

Hyundai Motor America’s Global Dealership Space Identity initiative has reached a milestone. The automaker announced more than half of its U.S. dealerships have completed the initiative’s facility upgrades, which it said reinforces its “commitment to improving customer experience and supporting its ever-growing dealer network.” Launched in 2015 and refreshed in 2019, GDSI was created to […] [Read More]

Last week marked the end of spring and the beginning, perhaps, of a steadier wholesale vehicle market. According to the latest Market Insights report from Black Book, the decline in wholesale prices for the week ending June 21 was 0.37%, down from the prior week’s decline of 0.47%. That followed an accelerated decline to ... [Read More]

You don’t need a CDK DMS to use CDK’s service department technology anymore. The auto retail software provider announced it has made its CDK Fixed Operations Suite available to all dealership customers — even those that don’t have a CDK dealership management system. The company said the decision builds on the suite’s success in improving […] [Read More]

Holman has made two moves at the highest rungs of the corporate ladder. The dealership group and global automotive services company has promoted executives Pete Dondlinger and Kristina Nicoles to president roles in moves it said are designed to strengthen and grow the organization’s core businesses while continuing to enhance the employee and customer experience. […] [Read More]

The first order of business at the 2025 NIADA Convention and Expo is complete: the association has a new president. Minnesota dealer Don Griffin was elected president of the National Independent Automobile Dealers Association during the Monday membership meeting that kicked off the convention at the Fontainebleau Las Vegas. Griffin, CEO and founder of CarHop […] [Read More]

The retail supply of used electric vehicles last month was at its lowest point in nearly three years and down 11% from May 2024, suggesting rising consumer demand that could “reshape pricing and remarketing strategies” in coming months. That’s according to the latest EV Market Monitor from Cox Automotive, which found narrow gaps between both […] [Read More]

Flexcar is adding to its fleet in style. The month-to-month flexible car lease company said it is adding 2025 Mercedes-Benz vehicles to its options for Flexcar members. The new Mercedes sedans and SUVs join Flexcar’s previous luxury-car offerings, including BMWs, Cadillacs, Infinitis, Jaguars and Genesis vehicles. The new models include the Mercedes GLA 250 turbocharged […] [Read More]