Terry O’Loughlin, director of compliance for Reynolds Document Services, is now a Hall of Famer. Reynolds and Reynolds highlighted this week that O’Loughlin has been inducted into the F&I Hall of Fame by the Bobit Dealer Group. During the inductee selection process, the committee considered seven criteria, of which Reynolds said that O’Loughlin is a […] [Read More]

In an already chaotic year filled with questions and uncertainty, Canadian Black Book has a word of advice for dealers and the automotive industry at large. That word is “pivot.” In its 2025 Market Preview, CBB called it the “one recurring theme [that] echoed across the sector.” “With shifting consumer preferences, regulatory developments and economic […] [Read More]

As part of the inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries. Kicking off our series of podcasts with these first-ever honorees in the Automotive Intelligence Awards: Industry Analysts program is […] [Read More]

Electric vehicles are continuing to get a surge of market share via leasing. According to Experian’s State of the Automotive Finance Market Report: Q4 2024, more than 50% of new EV purchases were leases, and EVs accounted for nearly 20% of all new-vehicle leases during the quarter. By comparison, Experian pointed out that EVs only […] [Read More]

There has been a lot of uncertainty in the market. Even with the announcement that automotive is exempt, at least for a month, the threat of the 25% tariffs on Canada and Mexico being on-again and off-again has led to some uncertainty and fear in the auto industry. According to Cox Automotive, 60% of new […] [Read More]

Experts are using words such as “noise” and “chaos” when describing developments coming out of Washington and what consumers are currently thinking as they try to explain what might unfold next in the car business and the general economy. Bottom line: dealerships and finance companies ought to prepare for turbulent conditions for the rest of […] [Read More]

There could be trouble brewing in the Canadian wholesale used-vehicle market. Canadian Black Book’s Used Vehicle Retention Index rose 0.9 points to 138.9 in February. It wasn’t the eye-opening 2.3-point jump of the previous month, and was still down 3.3% year-over-year, but CBB senior manager and head of Canadian vehicle valuations David Robins said it’s […] [Read More]

March started on Saturday; the last day of the week included in the newest Black Book analysis of the wholesale market. And that stretch generated the highest conversion rate seen at the auction so far this year, as Black Book pegged it at 62%, marking an increase of 4 percentage points from the previous week. […] [Read More]

If reliability and value are your customers’ top priorities for a used car, you might want to make sure the Honda Fit is on your lot. The subcompact hatchback, which was discontinued by Honda in 2020, is the most reliable 5- and 10-year-old vehicle for the money, according to the latest research from iSeeCars. The […] [Read More]

Cherokee Media Group is proud to recognize this year’s Women in Collections and Recoveries, presented by American Recovery Service. We were privileged to receive a record number of nominations for this program, leading to 20 industry leaders being recognized. The honorees include: JJ Amick, client & vendor manager, United Recovery & Remarketing TJ Baggett, chief […] [Read More]