When it comes to the Canadian wholesale vehicle market, all is calm. For the third month in a row Canadian Black Book’s Used Vehicle Retention Index did not move in October, standing at 136.0 points — same as it was for August and September. The index, which fell every month from April 2022 through June […] [Read More]

DAA Northwest celebrated its anniversary with a gift — to charity. The 32nd annual DAA Anniversary Fundraiser and Sale, held Nov. 6-7, is part of the auction’s tradition of philanthropy, dating to 1997. Since then, DAA’s fundraising events have raised more than $2 million for its community partners, which now include four local nonprofits: Vanessa […] [Read More]

The automotive dealership landscape has seen significant changes in recent years, particularly in the wake of fluctuating profitability and high interests. Following several years where dealers could sell their businesses at a premium on the back of record profits with the associated multiples and Blue Sky, we have entered a new phase following a strong […] [Read More]

Sutherlin Automotive Group is out of the Florida market. The Alabama-based dealership group, owned by Brett Sutherlin, sold its last store in the Sunshine State, Sutherlin Nissan of Vero Beach, to Andy Unanue, according to Pinnacle Mergers & Acquisitions, which represented the seller in the transaction. The dealership has been renamed Nissan of Vero Beach. […] [Read More]

Autocorp.ai has unveiled a new weapon in the war against fraud. The Ottawa-based automotive retail technology provider announced the launch of AVA ID Verified, an identity verification system created to “wage war against the rising tide of fraud targeting dealerships,” the company said, helping dealerships protect their business, strengthen partnerships and improve customer trust. “Fraud […] [Read More]

Canadian automotive leasing company SCI Lease Corp has joined with California-based electric vehicle manufacturer Lucid in a partnership designed to give Canadian drivers access to “flexible, transparent and competitive leasing options” for the Lucid Air. “We are excited to add Lucid to the elite list of automotive manufacturers we partner with, who provide an industry-leading, […] [Read More]

Beyond the rankings of finance companies for how they met consumer expectations, a focal point of the J.D. Power 2024 U.S. Consumer Financing Satisfaction Study was what analysts classified as “financially vulnerable.” J.D. Power measures the financial health of any consumer as a metric combining their spending/savings ratio, creditworthiness and safety net items like insurance […] [Read More]

On Thursday, Black Book rolled out its newest solution for automotive clients to gain information and insight, introducing the Black Book Brand Value Index (BVI). Black Book highlighted BVI measures various aspects of a brand, including brand equity, market position and perception. The company said BVI can be used by automakers and portfolio risk managers […] [Read More]

The hurricanes that hit the Southeast this autumn drove a sequential decline in wholesale auction sales last month, but October volumes were still up double-digits year-over-year, as are year-to-date auction sales through 10 months. That’s according to the latest AuctionNet data from the National Auto Auction Association. There were 621,507 wholesale unit sales in October, […] [Read More]

Artificial intelligence is the hottest technology in business right now, and car dealers are ready to buy in. Literally. According to a survey commissioned by customer data platform Fullpath, 81% of dealerships expect to increase their budget for AI in 2025. The survey of 200 dealership senior decision-makers, conducted in August and September by Global […] [Read More]