A very special Toyota Camry was sold this month. The Supersonic Red 2024 Camry, sold from Sheehy Toyota of Laurel in Laurel, Md., was the 8 millionth vehicle sold in the U.S. through Toyota’s certified pre-owned vehicle program. In a news release, Toyota Motor North America said its CPO program, Toyota Certified Used Vehicles, is […] [Read More]

As the year nears its end, Canadian used-vehicle wholesale values keep dropping. Canadian Black Book’s weekly Market Insights report showed the market sank by 0.64% overall in the week ending Dec. 10, almost twice the 0.33% decline of the previous week. Values were down across the board — with the exception of full-size pickups, which […] [Read More]

Dealers Auto Auction Group has promoted Brittany Theis to director of sales for DAA Digital. Theis, who joined DAA as a regional digital sales manager in 2022, brings 16 years of experience to the role. In her tenure with DAA, the company said, she has “transformed digital marketplace strategies through strategic implementations and exceptional sales […] [Read More]

The most American car on the market is electric — again. For the second year in a row, Tesla dominated the annual Made in America Auto Index, issued by American University’s Kogod School of Business. The EV brand claimed the top three spots in the rankings outright and had two more models tied for fourth. […] [Read More]

Privacy4Cars is going global. The privacy tech company announced it has launched a new set of privacy services and features to support international expansion. The additions include four new languages on Privacy4Cars’ vehicle privacy app, a European cloud portal for local clients with enhanced metrics and reporting capabilities, and the expansion of the company’s Vehicle […] [Read More]

Black Book’s observations of the auction lanes from the opening week of December included an overall wholesale price drop of 0.63%, which was an increase from the previous week but “remained consistent with typical seasonal expectations.” When looking closer at specific vehicle segments or aged units, analysts uncovered a quartet of other notable trends as […] [Read More]

TruVideo, a provider of artificial intelligence- and augmented reality-driven communication technology for the transportation industry, has secured a $40 million minority growth investment from TZP Growth Equity. The company said the strategic investment will fuel innovation, product development, customer service and market expansion. “This investment validates the quality of our innovation and the growth we […] [Read More]

The National Auto Auction Association’s newly established scholarship has its first winner. Abigail Balk was named the inaugural recipient of the Ron Hope Memorial Scholarship for Auction Academy, the association announced. Balk, the marketing/communications manager for Greater Rockford Auto Auction and Great Lakes Auto Auction, will join the Auction Academy’s Class 9, which begins in […] [Read More]

The Consumer Financial Protection Bureau (CFPB) recently released a special edition of its Supervisory Highlights, focusing a substantial portion of the auto finance industry-specific report on a longstanding issue: the servicing of auto loans with ancillary or F&I products. The bureau couldn’t have sent a clearer message: “We’re serious; lenders need to get this right, […] [Read More]

As we look back on Q3, the automotive market has revealed key trends that highlight the complexities of inventory management for auto retailers. In Q2, dealers experienced a 10% sales increase for new vehicles despite challenges like the CDK Global cyber incident. However, this surge in sales coincided with rising inventory levels, leading to a […] [Read More]