This week has been designated by the National Highway Traffic Safety Administration as Vehicle Safety Recalls Week and CARFAX is all in. The provider of vehicle history reports said the search tool it built with the Alliance for Automotive Innovation has been used to check vehicles in the U.S. for unfixed recalls nearly eight billion […] [Read More]

Ingram Walters is out of the car business. And Charlie Tomm is back in. The longtime dealer and co-founder of the National Alliance of Buy Here-Pay Here Dealers has sold his last dealership, Bob Mayberry Hyundai in Monroe, N.C., to Pablo River Partners, a Jacksonville, Fla.-based investment firm headed by chairman and CEO Tomm, according […] [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. Next up on our series of podcasts with these first-ever honorees in the Automotive Intelligence Awards: Industry Analysts program […] [Read More]

“In like a lion, out like a lamb” is supposed to describe March, or at least its weather. But in the wholesale vehicle market, that saying applied to February. Whether from literal winter storms or figurative economic/political ones, the month began with some used-car price “volatility” that smoothed out as February ended. And at the […] [Read More]

Owning and operating an automotive dealership, or group, is a demanding yet rewarding business. However, one of the most critical and often neglected aspects of owning a dealership is succession planning. While many dealers focus on day-to-day operations, few take the necessary steps to ensure long-term success through structured, transitional strategies. Succession planning isn’t just […] [Read More]

Protective Asset Protection unveiled another wealth-building program option for dealerships on Thursday. Called the Protective DOWC Re Program, the company highlighted this solution merges the best of traditional reinsurance with the benefits of a Protective dealer-owned warranty company (DOWC), giving dealers a new tool to “supercharge” their wealth-building strategies. The company explained that the Protective […] [Read More]

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]