Good news for dealers and consumers, alike: there are now more certified pre-owned vehicles available and they are also less expensive. Not quite as good news: these CPO vehicles are older than usual, though their mileages haven’t increased dramatically. That’s according to the latest Intelligence Report from CarGurus, which included a special spotlight on the certified vehicle market this month ... [Read More]

Thomas and Ashley Peden are building a dealership group. The brother-sister partnership have acquired three stores on the Ohio-West Virginia state line from Richard Nourse of the Nourse Family of Dealerships, according to the Tim Lamb Group, which worked with the seller in the transaction. The dealerships — Pioneer Chevrolet and Family Ford Lincoln in […] [Read More]

Charisma! Communications, a public relations firm focused on automotive technology, has created a new division to produce comprehensive research reports. The company said CC Insights!, led by an independent group of industry analysts, will focus on “deep-dive” reports on industry trends such as connected cars, manufacturer certified programs and the evolving electric vehicle landscape. The […] [Read More]

There’s a unique auction happening now in Texas generating thousands of dollars in bids. And it’s not for classic muscle cars or a trio of cherries that you know you can retail quickly and for hefty gross profits. Rather, My Plates — the official vendor for specialty license plates in Texas — is auctioning a […] [Read More]

Now that the presidential election is over, we can turn our attention to how a second Trump administration could impact consumer financial services. President Trump’s first term focused on deregulation and reducing the regulatory burdens on businesses, and we expect that this will again be an emphasis in his second term. It is a certainty […] [Read More]

Clay Cooley Auto Group is now a big name in Arlington, Texas. The North Texas dealership group announced it has acquired Don Davis Ford and Don Davis Chrysler Jeep Dodge Ram in Arlington. Along with its previous addition of Don Davis Nissan, Clay Cooley now operates four dealerships in the city of about 400,000 between […] [Read More]

For the most part, it was a week of price declines across the board in the Canadian wholesale vehicle market, with one segment bucking the trend. The overall drop in prices wasn’t quite as steep as the prior week’s, at least from an overall market perspective. That’s according to the latest Market Insights report from […] [Read More]

Along with taking an overall look at monthly payments and delinquency, the auto portion of the Q3 2024 Quarterly Credit Industry Insights Report (CIIR) from TransUnion detailed a metric that might illustrate the callbacks, dialogue and negotiations that dealerships and finance companies are having to get some car buyers into a contract agreeable for all […] [Read More]

For an ad emphasizing speed, Carvana found a pretty good spokesman. Seven-time NASCAR Cup Series champion Jimmie Johnson is featured in a new commercial touting Carvana’s same-day vehicle delivery service, which allows select customers to receive their car in less than 24 hours after placing an order on carvana.com. The service, which was introduced in […] [Read More]

Many electric vehicle skeptics are reluctant to consider the purchase of an EV until the availability of chargers is equivalent to that of gasoline stations. But that 1-to-1 ratio of charger availability to gas stations mindset tends to disappear among actual EV owners who live in single-family homes because many EV owners typically use EV home chargers to charge their vehicles overnight. That’s noteworthy because 53% of Americans ... [Read More]