McConkey Auction Group is going all in on EBlock. The Spokane, Wash.-based group, which has been using EBlock’s dealer-to-dealer auction platform and Live Auction channel in its MAG NOW digital auction, is expanding that platform’s range into Northern California “from Fresno to the Oregon border,” according to MAG’s website. In a news release, EBlock said […] [Read More]

GenZ Automotive is linking its F&I programs to electric vehicle charging infrastructure. During last week’s NIADA Convention and Expo, the company announced the launch of its ChargeClub, which allows its F&I customers to earn EV credits – similar to airline frequent flyer miles – that can be redeemed for EV charging hardware, which it said […] [Read More]

Over the past three years, soaring prices have hit American consumers hard. The cost of food, fuel, and shelter have all risen dramatically, along with the goods and services we purchase every day. The car market certainly hasn’t escaped these inflationary pressures. According to Kelly Blue Book, the average new car cost $48,510 in April. […] [Read More]

Recently, I was at an industry event listening to a panel discussion about best practices when handling “heated” customer situations. One of the panelists shared a philosophy that struck a chord. He said, “Hopefully I have done a good job training my managers on how to handle these matters, so I don’t have to be […] [Read More]

Where is fraud most prevalent in the car-buying process and how can dealerships work to prevent it? QoreAI CEO Todd Smith addresses these topics and more in this Auto Remarketing Podcast with Cherokee Media Group senior editor Joe Overby. The company, which provides dealers with software to aid in identity verification, streamlined document management, and […] [Read More]

Go Auto has expanded its presence in Alberta. The dealer group said Tuesday it has acquired Audi Royal Oak in Calgary. With the purchase, Go Auto now has four locations in Calgary and two Audi stores in Western Canada. The group has 66 dealerships throughout Canada and the U.S., representing 28 brands. “We are excited […] [Read More]

Weekly wholesale vehicle price declines are outpacing pre-pandemic norms. However, the depreciation for the week ending June 15 wasn’t nearly as steep as the prior week’s, according to the latest Market Insights from Black Book. What could this mean? “The slowing of depreciation this week suggests a stabilizing market,” Black Book said in the report. […] [Read More]

More than 40 new electric vehicles are expected to hit the market by 2025, according to J.D. Power. Experts think this increase seems to be driven by increased automaker incentives, high interest rates, federal EV tax credit leasing loophole, and concerns about long-term serviceability and battery health. And they said an increase in leased EVs […] [Read More]

With only 13 EVs/PHEVs now qualifying for the full IRA Federal incentive of $7,500 due to sourcing requirements, it is clear that EV/PHEV leasing, with the 45W rule that grants the commercial user the full credit with no sourcing requirements, will inevitably be the preferred “sale” of choice for many OEMs and finance institutions. However, […] [Read More]

Brent Carmichael is no stranger to the buy here-pay here business. With more than 30 years in BHPH and subprime finance, including 10 years with a large BHPH operation, he has seen and heard … well, if not all, then certainly most when it comes to that sector. So when the longtime 20 Group moderator […] [Read More]