After two years of downward pressure and headwinds, there has been a spark in wholesale prices of electric vehicles. Especially for the segment’s most dominant nameplate. And among internal combustion engine vehicles, fuel efficiency is fueling price retention. That’s according to a pair of reports released by wholesale automotive experts this month. Starting with the […] [Read More]

Black Book watched auction conversion rates drop 4% week-over-week to settle at 58% during the timeframe that ended on Saturday. Analysts explained what might have happened through its newest edition of Market Insights, which also showed overall wholesale values ticking 0.19% lower. “The wholesale market remained stable but selective this week,” Black Book said in […] [Read More]

It’s always helpful to have another “eye” on a used vehicle during an appraisal. Or in CARFAX’s case, a “UVeye.” The two companies announced an integration this week that brings together UVeye’s automated drive-through vehicle inspection platform and CARFAX’s service history data, giving retailers trusted vehicle service history data in their service workflow. Dealers will […] [Read More]

Carvana is bringing Inspection and Reconditioning Center capabilities to its ADESA Sarasota auto auction in Florida, the online auto retailer said Wednesday. Adding IRC capabilities means more reconditioning capacity and a new inventory pool for Carvana’s national network, facilitating wider selection for retail customers nationally and faster delivery for retail customers along the Florida Gulf […] [Read More]

Public and private companies of all sizes sometimes have a chief executive officer. A few industry associations do, too. Count the American Recovery Association in this group, as well. ARA president Todd Case announced on Tuesday the creation of the CEO position, and the association board immediately filled it with Wayne Ray, who already was […] [Read More]

Arra Finance used some terminology from academia on Tuesday when announcing the successful closing of its inaugural auto receivables asset-backed securitization transaction. The nonprime auto finance company said the 4(a)(2) transaction was co-sponsored by a fund managed by Obra Capital, with Goldman Sachs serving as sole structuring agent. According to a news release, the AA […] [Read More]

“Know Your Buyer, Grow Your Lot” is the title of a new research ebook from Cox Automotive, which consulted with the National Independent Automobile Dealers Association on the project. And one major trend that independent dealers should know about their buyers is this: they’re mostly buying because of need and they often are under financial […] [Read More]

According to tracking by AAA, the average cost in the U.S. for a gallon of diesel fuel on Tuesday sat at an even $5, which is down by 63 cents per gallon during the past month. But it’s still way above the average of $3.67 that AAA reported a year ago. Since fuel costs are […] [Read More]

The decline in Canadian wholesale vehicle values steepened a bit last week, according to Canadian Black Book, which said nearly half of the segments showed changes of more than $100. The overall market showed a 0.35% decline in wholesale values for the week ending Saturday, compared to a 0.29% drop the week before. The average […] [Read More]

Darla Booher is celebrating the 25th anniversary of owning her dealership in Greer, S.C. The owner of Deal Depot is also marking her time in the car business by becoming president of the National Independent Automobile Dealers Association. Booher was installed on Monday as NIADA president during the annual membership meeting at the NIADA Convention […] [Read More]