Wholesale vehicle prices continued their downward slope in April, falling double-digit percentages from a year ago. In fact, Cox Automotive’s Manheim Used Vehicle Value Index for the month fell below 200 for the first time in more than three years. The company said in a Data Point report accompanying the index that wholesale vehicle prices […] [Read More]

Lotlinx has launched a monthly/quarterly report to deliver data and trends to the auto industry. The company called its Vincensus Report “the most comprehensive monthly/quarterly inventory report in the industry” and said each month and quarter the report will “offer deep real-time data and insights visibility into the trends shaping OEM-specific and dealership inventory for […] [Read More]

Missouri Auto Auction recently held a promotional event to benefit Bree’s Gift, a nonprofit organization that honors the life of Bree Isabel Johnley, who passed away at 4 years old, by providing families with up to 100% of the funding needed to adopt a child. Jennie Johnley, Bree’s mother and founder of Bree’s Gift, is […] [Read More]

Penske Automotive Group’s CarShop used-only retail stores saw sequentially improving sales and margins in the first quarter of 2024 as it recovered from somewhat dismal full-year 2023 used-vehicle results. “We’ve seen CarShop really make a big step forward in margin in the U.S. as we’ve been able to ... [Read More]

For the seventh consecutive year, Great Place to Work has selected Hyundai Canada was selected as one of the Best Workplaces in Canada, and for the fifth year in a row, it has included Hyundai Canada on its list of Best Workplaces for Women. Hyundai Canada, the only automaker among the 100 organizations listed, ranked […] [Read More]

Ford Motor Co. has gone Hollywood with its dealer training. Last week, the automaker launched Ford University, a fully digital, video-based training platform that takes a “cinematic” and “storytelling” tactic to dealer training in a format designed to be personalized for each user. Sort of like a streaming video platform ... [Read More]

In what organizers said was their “best yet,” more than 400 attendees consisting of buy-here, pay-here dealers from across the country gathered at the Bellagio in Las Vegas for the third annual BHPH United Summit. After three days of dealer-to-dealer education, training and networking, Govinda Romero, owner of The Motory Group in Gainesville, Fla., said […] [Read More]

Ten intriguing findings surfaced through a survey orchestrated by 700Credit, which interviewed dealerships about their processes for obtaining copies of driver’s licenses from capture to deal jacket storage. The provider of credit reports, compliance solutions, soft pull, and identity verification products said the results showed that significant gaps remain for dealers to follow privacy regulations […] [Read More]

Auto industry attorney Steve Levine, owner and chief legal and compliance officer of Ignite Consulting Partners, is not a scary guy. But he told a chilling tale in his session at the 2024 BHPH United Summit in Las Vegas, frightening the dealers in attendance with the gory details of the Federal Trade Commission’s proposed CARS […] [Read More]

Longtime General Motors executive of Anthony Clevio is joining vehicle transport logistics provider United Road as senior vice president of sales and marketing, United Road chairman and CEO Mark Anderson announced. Clevio most recently served as GM’s global logistics director of finished vehicle logistics. In 17 years with the automaker, his roles included positions in […] [Read More]