As the retail auto world braces itself for the impact of tariffs on new-car sales, AutoNation sees used-car sales as a potential cushion against that impact, but supply remains a challenge, its executives said on the auto retailer’s first quarter earnings call. Used is an area that is less impacted by tariffs, AutoNation CEO Mike Manley said, so it is an area of ... [Read More]

Handwringing in the new-car market is already driving up sales and prices in the retail used-car market, according to analysis around the latest CARFAX Used Car Index, which saw prices increase nationally month-over-month in April for every segment it tracks. Amid the Trump administration’s tariffs driving economic uncertainty, used-car prices climbed at twice the rate […] [Read More]

Used car prices are rising. For most used cars, anyway. A study by iSeeCars found 20 models that have shown “significant” price decreases over the past 12 months, led by the Tesla Model S. The analysis of the retail prices of 1.4 million used cars showed the Model S — one of four Teslas on […] [Read More]

S&P Global said Tuesday it plans to spin off its mobility business unit — which includes brands like CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan — into a standalone publicly traded company. S&P Global would continue as a provider of credit ratings, benchmarks analytics and workflow solutions through its four core businesses: S&P Global […] [Read More]

Jesse Robb began to work with America’s Car-Mart at 21 and soon sought a mentor to cultivate his potential path with the buy-here, pay-here dealership chain. Now, Robb is the general manager of Car-Mart’s dealership in Bowling Green, Ky. Robb also was the company’s 2024 Mentor of the Year. In his leadership position, here’s how […] [Read More]

Kia America’s certified pre-owned program has hit the million mark. Kia’s 1 millionth U.S. CPO vehicle was sold April 21 at Kia of Brandon in Tampa, Fla. The 2024 Kia EV6 Light Long Range was purchased by Bryce Ashmore — but Kia picked up the check. “The EV6 had really great reviews, and I always […] [Read More]

Federal Reserve chair Jerome Powell quipped during an appearance at the Economic Club of Chicago earlier this month, saying, “As that great Chicagoan Ferris Bueller once noted, ‘Life moves pretty fast.’” Nowadays, many consumers don’t appear to be liking how life is going, with Cox Automotive chief economist Jonathan Smoke acknowledging on Monday that consumers’ […] [Read More]

Black Book has added three new sales leaders to its team. Rick Evans has joined the vehicle data and analytics provider as director of captive and lender licensing, and Andrew Ferrara and Brent Fosnaught have come on board as directors of automotive licensing. “These talented individuals bring the innovative leadership needed to deliver next-generation solutions […] [Read More]

News watchers who have seen continuous coverage of government-imposed tariffs didn’t get much of a break during Sonic Automotive’s first quarter 2025 earnings call last week. Sonic’s chairman and CEO David Smith said in his opening comments of the earnings call that the company is still dealing with the “uncertainty” of the tariff situation. Tariffs, along with the strong performance of Sonic’s used-vehicle business, EchoPark, received a great deal of discussion time during the earnings call, and the topics of tariffs and EchoPark ... [Read More]

On Monday, the Standards for Technology in Automotive Retail (STAR) announced the election of its 2025 board of directors and officers. The automotive IT standards organization said the board consists of three representatives elected from its member organizations of technology providers, three representing its retail dealership members and dealer associations, and three from its membership […] [Read More]