There is little disagreement that for the electric vehicle market to grow in the U.S., there is a need for more EV charging infrastructure. But that might not be as straightforward as it sounds, according to a report from law firm Troutman Pepper’s energy and environmental practice. The report, “Charging Ahead: Legal, Regulatory and Operational […] [Read More]

Demand for qualified automotive technicians is high, in large part because the supply of those techs is low. According to the TechForce Foundation’s most recent Technician Supply and Demand Report, almost 800,000 additional technicians are needed by 2027 to fill the gap. But three organizations — the nonprofit Inter-Industry Conference on Auto Collision Repair, dealership […] [Read More]

Like everyone else, I’m watching the horrible news coming out of North Carolina with a heavy heart. The devastation and suffering will impact that area and those people enduring Hurricane Helene’s aftermath for years to come. These catastrophic events have reminded me of a wonderful lesson in leadership that I witnessed closer to home many […] [Read More]

The National Auto Auction Association announced on Tuesday that four professionals have been honored by NAAA as Warren Young Fellows for their many contributions and distinguished service to the auto auction industry following their term as president of their respective NAAA chapters. Given in Orlando, Fla., as part of this week’s NAAA World Remarketing Convention, […] [Read More]

In the midst of a financial restructuring, AutoCanada announced an amendment to its senior credit facility. In a news release, the struggling dealership group said the move offers “additional covenant headroom” during the covenant relief period, which runs through Sept. 30, 2025, improving AutoCanada’s financial flexibility as it focuses on cost reduction, portfolio optimization and […] [Read More]

The Federal Emergency Management Agency (FEMA) is leading the disaster response in Alabama, Florida, Georgia, South Carolina, North Carolina and Tennessee after the devasting flooding and storm surge created by Hurricane Helene last week. Meanwhile, Todd Caputo, president of Todd Caputo Consulting, sees a multifront storm potentially impacting the used-car industry, too, and not just […] [Read More]

While new-car financing and delivery still might have remained out of reach for some consumers, the newest used-car financing data from Edmunds released on Tuesday showed some changes in average down payments and the amount financed. Edmunds reported that the average amount financed for a used vehicle delivered in Q3 came in at $28,097, which […] [Read More]

Cox Automotive brands have a presence in all parts of the auto retail industry. Now it’s putting them all together to create what it’s calling the “first and only true omnichannel car-buying experience.” Retail360 is a suite of tools designed to enable that experience by connecting the entire auto retail ecosystem along every step of […] [Read More]

After a rough first quarter, CarMax saw its net income surge in the second quarter despite a slight slowdown in sales revenue. The behemoth used-car retailer also boosted the amount of inventory it acquired, especially from dealers.    “We're pleased with our team's execution in the second quarter, as we achieve positive sales trends, strong margins, cost efficiencies, and EPS growth, while managing through industry-wide auto loan loss pressure,” CarMax president and CEO Bill Nash said during the earnings call. Net income in the second quarter ... [Read More]

Carvana has added another metro area to the list of markets that can receive same-day vehicle delivery. The online used-car retailer announced its same-day service is now available in the Kansas City, Mo., area, where select customers can take delivery of a vehicle purchase as soon as the same day they place an order on […] [Read More]