Agora Data hired Wendy Pratt less than a month ago to be its vice president of sales strategy. Then on Monday, the fintech innovator of advanced capital solutions in subprime and non-prime consumer finance announced the appointment of Pratt to be head of its Financial Institutions Group (FIG). The company said through a news release […] [Read More]

After a hot start to the year — thanks to the threat of tariffs — Canadian wholesale used-vehicle values have been heading steadily downward. Canadian Black Book’s Used Vehicle Retention Index fell in August for the third consecutive month, coming in at 138.1, down from 138.5 in July and 139.1 in June. The index began […] [Read More]

Montway Auto Transport has expanded its reach yet again. The third-party logistics brokerage said Tuesday it has acquired TurnTime Transport, an auto transport brokerage based in Phoenix. Montway said the two companies’ customers are complementary and that adding TurnTime boosts its dealer and auction transport services. This move follows Montway’s acquisition of luxury vehicle transport […] [Read More]

Used-car sales are steady and inventory is still above last year’s level. Even so, Cox Automotive’s latest data shows dealers are feeling the heat when it comes to prices. The Cox Automotive Dealer Sentiment Index for the third quarter found a sharp surge in dealers reporting pressure to lower their prices, with the index rising […] [Read More]

While August is often a month of change on vacation and academic calendars, that wasn’t the case for the wholesale vehicle market. According to analysis around used-car price indices, wholesale vehicle values last month were flat from July and didn’t see any outlandish change from August 2024, though some volatility remains. Starting with Black Book’s […] [Read More]

Cox Automotive has made another acquisition in the wholesale auto space — and this time, it’s in the inspections segment. Three weeks after closing its purchase of Bel Air Auto Auction and Tallahassee Auto Auction, Cox Automotive said Monday afternoon it has obtained full ownership of Alliance Inspection Management (AiM). Cox had previously owned 50% […] [Read More]

Craig Amelung is making a prediction about the upcoming NAAA World Remarketing Convention. “We’re certain to not leave Kansas City without the word, ‘tariff’ coming up,” Amelung, who is NAAA president, said in an interview before the event. Amelung said talk about tariffs could lead to questions on what tariffs mean for vehicle volumes and […] [Read More]

What are car shoppers looking for in a vehicle? According to the Kaiser Associates 2025 Midyear Dealership Survey — part of the Dave Cantin Group’s Market Outlook Report Midyear Update — reliability and affordability are firmly entrenched as the top two criteria considered most important by car buyers. Given that, the dealership M&A advisory firm […] [Read More]

Last week, FinanceBuzz, a personal finance website focused on helping consumers build financial confidence, announced its list of the best credit unions in 2025. To compile the list of winners in eight award categories, FinanceBuzz editors and personal finance experts reviewed more than 35 of the largest credit unions in America against an in-depth scoring […] [Read More]

Cherokee Media Group’s newest group of Women in Auto Finance honorees, presented by Primeritus Financial Services, represents a notable cross-section of the industry. There are executives from banks, captives, dealer groups, lenders and service providers who possess deep experience. The 22 honorees include: —Abigail Pachon, regional executive director – dealer lending, Ally —Allison Morle, chief […] [Read More]