The Canadian wholesale used-vehicle market’s tariff-fueled rise continued in May — but it might have hit a turning point as the month closed. While Canadian Black Book’s Used Vehicle Retention Index inched upward by 0.1 points for the month to 140.4, a 2% increase over the May 2024 index of 137.6, CBB senior manager and […] [Read More]

There’s a new way to revisit that old phrase, “You can take it to the bank.” That’s because dealership finance managers might have been saying those words since Experian highlighted banks reclaimed ground across the automotive finance industry market during the first quarter. According to Experian’s State of the Automotive Finance Market Report: Q1 2025, […] [Read More]

Turn Automotive has unveiled its newest tool in its mission to improve vehicle appraisals. The digital wholesale marketplace announced the launch of TurnVision, a feature in its mobile app that uses artificial intelligence to detect vehicle damage, which it calls “a significant leap forward for automotive appraisals.” The tool was developed in collaboration with AI-powered […] [Read More]

Perhaps the tariff turmoil has worked itself out of the wholesale market, at least for now. Black Book said overall wholesale prices dropping by 0.25% last week “marked a significant milestone as depreciation returned to a level typical for this time of year.” Analysts pointed out in the newest installment of Market Insights that the […] [Read More]

Standards for Technology in Automotive Retail has published its first sales lead application programming interface standard for the automotive industry. The IT standards organization said the sales lead API was built to standardize sales lead data within auto retail, facilitating seamless communication between manufacturers, dealers and related service providers. The sales lead API is a […] [Read More]

If you’re driving in New York, Florida, Washington or Georgia, you might want to double-check to make sure your car tag is up to date. CARFAX’s latest research CARFAX’s data showed nearly 17 million vehicles on U.S. roads began 2025 with expired registration tags. It also came with a warning about the potential consequences for […] [Read More]

Work Truck Solutions saw the need for a new executive position, so the commercial vehicle specialist filled the role with a professional whose career includes time with TrueCar. On Tuesday, the company said Alex Young has joined Work Truck Solutions as its first chief product officer to emphasize a continued commitment to innovation in the […] [Read More]

Earlier this year, a joint announcement from three of the largest repossession organizations — Allied Finance Adjusters, American Recovery Association and Eagle Group XX — reiterated their definitions of eight key terms associated with vehicle repossessions and recoveries. Especially considering TransUnion noted the 60-day delinquency rate increased in the first quarter and exceeded the peak […] [Read More]

Sonic Automotive’s latest marketing partnership has put EchoPark on the fast track. Literally. Sonic’s used-car operation has teamed with Speedway Motorsports to put its name on the racetrack formerly known as Atlanta Motor Speedway in a seven-year, multi-million-dollar agreement. The 66-year-old facility in Hampton, Ga., which hosts two NASCAR Cup Series races each year, is […] [Read More]

Perhaps technology regulation isn’t loosening as much as industry leaders and fintechs anticipated when a new president entered the White House in January. The Phoenix Center released a new analysis this week that claimed key federal agencies continue to pursue aggressive regulatory approaches against the American technology sector that echo policies of the previous Biden […] [Read More]