CarGurus said Tuesday it has launched an artificial intelligence-powered used-car pricing tool that uses real-time consumer data from the auto shopping platform. The solution, called PriceVantage, is designed to offer predictive pricing guidance to dealers, based on the store’s individual needs, market, inventory and goals. “PriceVantage is the next step in our work to put […] [Read More]

Data and perspectives from Epiq AACER, the American Bankruptcy Institute (ABI) and LegalShield highlighted climbing filings and rising stress from consumers. According to data provided by Epiq AACER, total bankruptcy filings came in at 43,661 in November, an 8% increase from last November’s total of 40,305. Experts found individual bankruptcy filings also increased 8% to […] [Read More]

Widewail’s founder has stepped away from the day-to-day. Matt Murray, who started the reputation management and customer experience platform with his wife Angi in 2017, has transitioned out of his role as CEO to serve as a board member and strategic advisor to the company. In his place, Widewail has named customer feedback industry veteran […] [Read More]

Auction sales of 2-year-old vehicles from commercial consignors climbed nearly 32% year-over-year in November and beat October numbers by 4%. Through 11 months of the year, sales of these vehicles have jumped 33.6% from the same period of 2024. What does this indicate? For one, it means that “rental fleets continue to remarket larger quantities […] [Read More]

Asbury Automotive Group will have a new CEO this spring. Announcing its leadership succession plan, the dealership group said Monday that longtime president and chief executive David Hult will transition to the role of executive chairman, with current chief operating officer Dan Clara becoming president and CEO. This move will become effective after Asbury’s 2026 […] [Read More]

The Federal Reserve will make its final decision about interest rates this year on Wednesday. And at least one member of the Federal Open Market Committee (FOMC) appears to be looking at auto finance when considering another rate cut. At the Society of Professional Economists Annual Dinner last month in London, Fed Governor Christopher Waller […] [Read More]

As a member of the National Auto Auction Association, The Great Northern Auction is one of some 340 auctions. As a Canadian independent auto auction in NAAA, it stands alone. TGNA, located in Moncton, New Brunswick, has become Canada’s only independent auction with NAAA membership. It serves the Maritime provinces of New Brunswick, Nova Scotia […] [Read More]

The auto industry has been slow to go all-in on technology in the past, but the big financial growth numbers posted by some booming automotive technology companies could be a signal that’s changing. Deloitte’s 2025 Technology Fast 500, a ranking of North America’s fastest-growing tech companies, includes a number of entries from the automotive sector, […] [Read More]

Black Book’s monthly measure of wholesale used-vehicle values fell to its lowest level in nearly five years last month, with price depreciation “outside normal seasonal expectations.” Specifically, the company’s Used Vehicle Retention Index came in at 140.3 for November. The last time it was that low was January 2021, during the throes of COVID. November’s […] [Read More]

In December 2022, Carvana’s stock plummeted to the depths amid talk of bankruptcy. Three years later, the online used-car retailer is being welcomed into the S&P 500, an announcement that’s driving its stock price to record levels. S&P Global said Friday that Carvana will be included in its index of 500 of the nation’s largest […] [Read More]