National Lenders General Agency expanded its leadership team again this week. The provider of collateral protection insurance (CPI) and F&I insurance solutions as well as risk management for automotive dealers and lenders appointed Hess Nur as director of client success and Bradley Walsh as regional vice president of sales for the Midwest. Nur joins the […] [Read More]

These are the cars your dealership has known since Day 1. They’re the cars your customers are looking for. And now Carfax is letting your customers which ones they are. The provider of vehicle history reports has introduced the Carfax Homegrown badge, which appears on eligible Carfax reports to signal a vehicle that was sold […] [Read More]

About a year ago, Sonic Automotive announced that its EchoPark Automotive used-car program had secured naming rights to what was then Atlanta Motor Speedway. The move was seen as a natural fit, given the family lineage of and ties between Speedway Motorsports — which owns the track — and Sonic. EchoPark Speedway, as the Hampton, […] [Read More]

A new auction is riding in from the West. Go West Auto Auctions announced it is launching an online wholesale auction for licensed retail/wholesale dealers in the Western U.S. In a news release, the company, based in Bend, Ore., said it’s “rebelling against the existing industry standards by putting dealers first, standardizing fee structures, offering […] [Read More]

It’s perhaps a top question economic experts are asking, especially since the average cost of a gallon of gas in the U.S. sits at $4.55, according to AAA. How much longer can consumers stay resilient? Well, how about this positive outlook relevant to dealerships and auto lenders, courtesy of the latest Consumer Confidence Survey from […] [Read More]

The spring bump of March didn’t last long. Canadian Black Book’s Used Vehicle Retention Index followed that month’s gentle 0.3-point rise with a larger fall in April 2026, dropping 1.7 points to 130.8. That’s down 6.8% from April 2025. “As new-vehicle sales begin to slow following last year’s fear-driven market frenzy, the used market is […] [Read More]

AutoCanada’s Samuel Cochrane will be able to hand off the chief financial officer’s responsibilities to another executive in a couple of months. The dealer group on Thursday announced the appointment of Mike Woodward as its next chief financial officer, a move that’s effective July 6. Along with serving as CEO, Cochrane currently is the interim […] [Read More]

In the current automotive retail market, many dealer principals are considering expansion, and it is estimated that there are currently eight buyers for every dealer considering a sale of the business. This imbalance is driven by a unique confluence of factors: deep cash reserves from the “golden years” of 2021-2024, a trending plateauing interest rate […] [Read More]

ACV started as a digital auto auction marketplace in 2014, but in the dozen years since, it has expanded by acquisition and development to include a bevy of additional services for dealers. Including inventory management. ACV bought MAX Digital in 2021, a move that allowed ACV to offer dealers inventory and pricing guidance as well […] [Read More]

Five Canadian auction companies are coming together to form a united entity. Michener Allen Auctioneering, Jardine Auctioneers, North Toronto Auction, Weaver Auctions and Coast2Coast Collector Car Auctions — all owned by Euro Auctions Group — are now part of United Auctions, a new corporate identity operating seven locations nationwide under a single brand. In a […] [Read More]