One of the longest-tenured finance companies in the subprime space has paused originations but said, “This is not a closure of business.” Automotive Credit Corp. (ACC) said late Thursday afternoon it will continue to fund all complete contract packages that have been approved and physically received as of that day, provided they pass the lender’s […] [Read More]

A month after showing the first year-over-year decline in auction sales volumes since December 2022, the wholesale vehicle market showed some strength in July, albeit with some sales disparity among segments and vehicle age groups. Through seven months of 2025, year-to-date wholesale sales at auction are up a little more than 6% year-over-year (selling-day adjusted), according to the latest AuctionNet data from the National Auto Auction Association. In July, auction sales climbed ... [Read More]

Conversion rates at auction remain strong and values are still beating year-ago figures, but wholesale prices slowed month-over-month in July, as the market began to see a bit more volatility. Those are but a few of the wholesale used-vehicle market happenings noticed by analysts at Black Book and Cox Automotive, which released their respective monthly used-car price indices this week. Starting with Black Book, its Used Retention Index came in at ... [Read More]

Among the unique offerings of the Used Car Week agenda this year is the Live Stage, presented by SYCN Auto Logistics. Located in a high-traffic corridor of the conference’s floor, the Live Stage is designed to provide a fresh way to learn, offering quick but meaningful conversations with top industry experts. Hosted by Cherokee Media […] [Read More]

Canada’s electric vehicle future has been a much discussed and debated topic in 2025, with governments pausing and rethinking their policies and consumer demand wavering while the auto industry and the economy as a whole struggle with the impact of a trade war with the U.S. Such an unpredictable environment makes projecting what’s ahead a […] [Read More]

No matter if they’re filed by individuals or businesses, bankruptcies continue to rise, with July figures illustrating another increase by double digits. According to data provided by Epiq AACER July’s 49,614 total bankruptcy filings represented a 12% increase from 44,452 total filings in July of last year. Similar increases happened in March as well as […] [Read More]

In the last two years, electric vehicles and plug-in hybrids have nearly quadrupled their combined share of Carvana’s sales, the online used-car retailer said in a special report. And it’s perhaps a surprising segment leading that EV/PHEV surge. In its EV Trends report released Wednesday, Carvana said 9% of its sales in second quarter were […] [Read More]

CarGurus announced the winners of its 11th annual Top Dealer Awards, which recognize dealerships in North America and the U.K. that consistently deliver exceptional customer service, value and trust while embracing digital retail tools to enhance the shopper experience. “For over a decade, the CarGurus Top Dealer Awards have recognized dealerships that lead with a […] [Read More]

Carvana’s revenue and income grew significantly in the second quarter of 2025. The used-car retailer’s executives attributed the growth to Carvana’s oft-stated long-term drivers, including more awareness and trust and improving the selection of vehicles offered. They said the boost in profits was helped by the company’s ability to leverage its size and assets to operate more efficiently. That allowed Carvana to ... [Read More]

The agenda for Used Car Week 2025 — featuring of dozens of sessions covering the retail, remarketing, finance and collections/recovery segments of the used-car industry — is now available. The itinerary includes workshops on specific best practices with industry experts, panel discussions and fireside chats with C-suite leaders, coupled with awards luncheons and ceremonies, networking receptions, afterhours events and even pickleball. Used Car Week is ... [Read More]