Perhaps it’s trouble getting parts or finding the labor to get the repair work done. Whatever the reason, Black Book auction observers noticed a distinct trend in the lanes this past week. After recapping price movements that included overall wholesale prices dropping another 1.49%, Black Book said, “One of the things we noticed this week […] [Read More]

Used-car retailing giant CarMax has begun a pilot test of its first all-electric semi-truck as a vehicle hauler in California’s San Joaquin Valley. The truck can travel an estimated 230 miles on a single charge and transport up to seven vehicles at one time, which CarMax said allows it to efficiently service its stores in […] [Read More]

We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode features a conversation about the certified pre-owned market with perspectives from B. Miller of Cars.com, Nate Myers of the SONS Auto Group and Marc Riley of the Rick Case Automotive Group. Listen […] [Read More]

AutoTrader’s Top Vehicles of 2023 research shows that Canadian car shoppers are still optimistic, reflected by search rates for luxury vehicles. However, actual completed transactions show a preference for utility. This year, Canadians were plagued by high cost-of-living and vehicle prices — even though they are on the way down from 2022. But AutoTrader reports, […] [Read More]

Electric vehicle maker Fisker is ramping up its North American executive team, adding leaders in its Canadian and U.S. operations. Wolfgang Hoffmann is the new country manager for Canada, and Amira Aly has joined as vice president of sales, for the U.S. “I am excited that two seasoned automotive professionals have chosen to help Fisker […] [Read More]

November typically contains a variety of enticement offerings to get consumers to spend on holiday gifts. Evidently, finance companies didn’t take that approach to stimulate automotive retail activity like what might have happened for electronics or home and personal items. The newest Dealertrack Auto Credit Availability Index showed access to auto credit worsened in November […] [Read More]

While one specific case triggered a triple-digit spike in commercial filings, individual bankruptcy filings jumped 21% year-over-year in November, according to data provided by Epiq Bankruptcy. Epiq reported total bankruptcy filings came in at 37,860 in November, up from 31,187 filed during the same month last year. Experts said individual bankruptcy filings also registered a […] [Read More]

Longtime ADESA/KAR Global/OPENLANE executive Summer Ernsberger has joined America’s Group (AAA), parent company of America’s Auto Auction and AXLE Funding, as executive director of revenue to generate the development of new products and services for the company’s growth initiatives. AAA said Ernsberger will “delve into the company’s various business segments to identify opportunities and develop […] [Read More]

Hyundai Motor America has established a new division, with a new leader. Michel Poirier, formerly of Hyundai Auto Canada, has been named to the newly created position of vice president of aftersales and customer experience. In support of the company’s customer experience strategy, the new division includes both the retail and aftersales functions to streamline […] [Read More]

Carvana’s same-day delivery service is growing again. The nation’s largest online used car retailer has introduced its same-day delivery service into new markets in the South and Midwest over the past month. In November, Carvana introduced the service in the Atlanta, Dallas-Fort Worth, Tampa and Orlando areas. Monday, the company announced it has added same-day […] [Read More]