While also extrapolating its data to make a presidential election prediction, LegalShield offered an update on its Consumer Stress Legal Index (CSLI), which dipped a bit in June. Based solely on consumer inquiries seeking legal assistance in June, LegalShield reported its latest data showed the CSLI dropped 1.0 point from May to 61.8, representing the […] [Read More]

The next episode of the Auto Remarketing Podcast originating from this year’s Canada’s Used Car Week in Toronto stressed the importance of consignors capturing buyers’ attention effectively to increase sales amid changing wholesale volume dynamics. Eddy Cusan and Steve Langdon with OPENLANE explored the current off-lease market and best practices for driving higher sales on […] [Read More]

The wholesale vehicle market has emerged out of COVID with a few new wrinkles, some driven by the pandemic itself and some happening coincidentally. For instance, more electric vehicles are making their way into the wholesale market, a trend likely applicable to the latter.  Even more pronounced than a rise in EVs is the increased digitization of the market, a phenomenon more applicable to the former. In data sets, presentations, interviews and calls with the media this summer, leading executives and analysts ... [Read More]

The next episode of the Auto Remarketing Podcast originating from this year’s Canada’s Used Car Week in Toronto delves into automotive professionals, especially women, can develop their own brand. A quartet of executives from LGM Financial Services — Jake Stacey, Clare Lowe, Christina Walecki and Kamini Hitkari — shared their journeys to developing their personal […] [Read More]

The next episode of the Auto Remarketing Podcast originating from this year’s Canada’s Used Car Week in Toronto focuses on search engine optimization and other parts of digital marketing. Melina Beeston, director of digital media of EDealer, offered recommendations for how stores can make the most of their advertising spending and resources. Listen to the […] [Read More]

A vehicle service contract provider struck out with the Federal Trade Commission this week. According to a news release, NRRM, which does business as CarShield, along with American Auto Shield (AAS), will pay $10 million to the FTC to settle charges that advertisements and telemarketing for VSCs are deceptive and misleading. The FTC said the […] [Read More]

In his final Kontos Kommentary, ADESA chief economist Tom Kontos — who is retiring from his post on Aug. 16 — does what he has consistently done for more than two decades with these reports. He shares precise segment-by-segment statistics on wholesale vehicle values from the past month. provides context to those price movements and […] [Read More]

Group 1 Automotive’s presence in the United Kingdom just got a whole lot larger. The auto retail giant closed on its acquisition of Inchcape Retail’s automotive operations, which include 54 dealership locations in England and Wales. The $439 million cash deal, which was agreed to in April, raises Group 1’s U.K. holdings to 113 dealerships. […] [Read More]

Adam Chamberlain has taken another step up the ladder at Lithia & Driveway, which announced his promotion to executive vice president and chief operating officer as part of the automotive retail and services company’s leadership realignment. Chamberlain joined LAD in 2022 as East regional president and added the role of chief customer officer in January. […] [Read More]

The Federal Reserve kept interest rates unchanged on Wednesday, which economic experts projected since policymakers haven’t made an adjustment following eight consecutive opportunities. But experts are also emphasizing that new data is prompting the Fed to lower the rate from its current level of 5.25%-5.5%. Fed chair Jerome Powell acknowledged during a news conference on […] [Read More]