Negative equity can be significant hurdle to clear when dealerships handle trades, as Edmunds recently reported 7.7% of trade-ins toward a new-vehicle purchase during the second quarter were upside down by more than $15,000. Negative equity can be a conundrum in the repossession and recovery worlds, too, especially if the vehicle ends up as a […] [Read More]

When it comes to selling cars, trust is an enormous factor. Autotrader received an important endorsement in that category this week, when it was named America’s most reputable brand in auto retail by Morning Consult. The Cox Automotive brand earned a score of 70.7 in Morning Consult’s Reputation Score to top the category. Morning Consult […] [Read More]

Perhaps amid chaos erupting at your dealership, finance company or personal household, the auction segment appears to be a place where the automotive industry can find some stability, based on the newest data and observations from Black Book. Analysts said in Tuesday’s edition of Market Insights that, “Depreciation in July surpassed typical seasonal levels, yet […] [Read More]

TransUnion recently discussed significant opportunities percolating for auto refinancing, potentially involving 18 million individuals. Caribou got even more specific about the topic, saying lenders appear to be doubling down on electric vehicle owners by offering them greater monthly savings through refinancing than traditional gasoline vehicle owners. The developments are surfacing as the federal EV tax […] [Read More]

While some troubling findings surfaced, too, the Q2 2025 Paths to Prosperity report from Santander Holdings USA contains some upbeat information for dealerships and auto-finance providers. According to the bank’s research, 55% of middle-income Americans are considering buying a vehicle, a new survey high. That’s up from 47% in Q1. Santander pointed out that 52% […] [Read More]

Next up on our Auto Remarketing Podcast series from the Canada's Used Car Week Live Stage, presented by SYCN Auto Logistics, is a conversation with Erin Richmond, CEO of sMedia, and Rhys Albrecht, head of customer success at sMedia. They talk with Cherokee Media Group senior editor Joe Overby about solving pain points in the automotive digital marketing space, why cutting marketing spend is not always the wisest move for dealers, managing ad spend effectively, reaching car shoppers and much more. Listen to the episode ... [Read More]

Coinciding with the Federal Reserve Bank of New York tabulating that total consumer debt surpassed $18 trillion during the second quarter, personal financial management platform Vola Finance rolled out a new loan management dashboard designed to help consumers take control of personal debt and increase their credit scores. According to a news release, the Vola […] [Read More]

While student-loan metrics are deteriorating because of changes in federal policies, auto-loan trends are staying stable. That’s two of the primary findings from the Quarterly Report on Household Debt and Credit released on Tuesday by the Federal Reserve Bank of New York’s Center for Microeconomic Data. The report showed total household debt increased by $185 […] [Read More]

Vehlo’s reconditioning platform has gone through a recon of its own. The result is RapidRecon Pro, a new version of the RapidRecon platform designed to accelerate vehicle turnaround and boost dealership profitability. The provider of integrated software and financial services for the auto repair industry said RapidRecon Pro includes improvements such as integration with CDK […] [Read More]

A dealership near and dear to Mercedes-Benz USA has been sold. Mercedes-Benz of Buckhead in Atlanta, located just nine miles down Georgia 400 from the company’s U.S. headquarters in suburban Sandy Springs, has been acquired by Group 1 Automotive from Gregory and Juanita Baranco. Group 1 said the deal, which included all dealership real estate, […] [Read More]