Two dealership groups were among the 2024 honorees in the Canada’s Best Managed Companies awards — and not for the first time. British Columbia-based OpenRoad Auto Group was named for the 12th consecutive year, placing it firmly in the award’s Platinum Club for businesses earning the designation for seven or more years in a row. […] [Read More]

The downward slide of Canadian wholesale vehicle prices continues but the pace slowed, according to Canadian Black Book’s weekly Market Insights report for the week ending May 11. Overall, values declined 0.28% — significantly less than the 0.44% tumble the previous week — led by the truck/SUV segment, which was down 0.35%. Full-size pickups had […] [Read More]

The auto-finance data TransUnion released on Thursday reinforced the positive developments connected with affordable used vehicles that Edmunds highlighted earlier in the week. Having more used vehicles that can fit within parameters of tight family budgets might help to boost originations, which TransUnion said remain down as compared to 2019 across all risk tiers, with […] [Read More]

Edmunds director of insights Ivan Drury highlighted multiple tailwinds that could help the retailing of used cars. What could be most beneficial for dealerships of all stripes is getting a boost of older, more affordable vehicles. Drury cited a variety of positive data points as reasons why via his analysis of the first quarter. “The […] [Read More]

Expressway Auto Auction of Dansville, N.Y., has engaged TPC Management Co. to provide strategic consulting services. “We’re looking forward to an exciting future as we work with Pierre Pons, Jiles Wanna and the rest of the team at TPC Management,” Expressway co-owner and general manager Kyle Tracy said. “Their relationships within the remarketing community and […] [Read More]

Nissan Americas has released its second annual report on its diversity, equity and inclusion efforts, including a new paid parental leave program, initiatives to recruit female and minority talent, and efforts to diversify its dealer network. The report, titled Accelerating Allyship, highlights “actions and progress already underway, while looking forward to a road map of […] [Read More]

Constellation, a software-as-a-service platform to automate creative assets for advertising, has partnered with automotive data and technology firm S&P Global Mobility in a collaboration designed to provide consumers with relevant ads by combining S&P’s expertise in media execution with Constellation’s platform. “Now more than ever, delivering personalized ad experiences is top of mind for the […] [Read More]

Last year, the National Automotive Finance Association established the Jack Tracey Pinnacle Award to recognize a professional at a member organization with enduring service to the non-prime auto finance industry. The award is named in honor of one of the organization’s early supporters and its first and long-serving executive director. The inaugural winner was Tom […] [Read More]

izmocars is bringing artificial intelligence to reputation management. The digital auto sales technology provider has launched ReviewSoda, an AI-powered review response platform for auto dealers designed to engage customers, build trust and foster loyalty. ReviewSoda automates the review management process by sending customized invitations for feedback and responding to Google reviews in real time. The […] [Read More]

CarGurus’ CarOffer digital wholesale platform continued to operate at a loss in the first quarter of 2024 though it did improve sequentially. The entire company’s net income surged, however. The CEO emphasized ongoing efforts to rebuild the wholesale business and integrate it into CarGurus’ other product offerings. “We are proud of the progress and improvement […] [Read More]