The easing in wholesale vehicle prices continues in March, as values in the first half of the month are down nearly 15% from a year ago, according to Cox Automotive. When adjusting for mix, mileage and seasonality, the midmonth reading of the company’s Manheim Used Vehicle Value Index (202.6) is 14.9% lower than the full […] [Read More]

Continuing our series from NADA Show 2024, CARFAX editor-in-chief Patrick Olsen and CARFAX Car Care general manager Paul Nadjarian join the show. They talk with Cherokee Media Group’s Joe Overby about electric vehicles, the company’s presence in the wholesale market, the certified pre-owned market, the various factors impacting vehicle history and much more. Listen to […] [Read More]

Sales of used cars and certified pre-owned vehicles took a big jump in February, thanks to falling prices that have widened the price gap between new and used vehicles, according to the latest State of the Dealer Report from ZeroSum. The report showed dealers moved 1.29 million used vehicles last month, up from 1.13 million […] [Read More]

SmartGroups is going to Disney World — and it’s inviting independent retail dealers throughout the nation to join in. The 20 Group provider has partnered with the Disney Executive Leadership Institute for a three-day training session for up to 75 dealers, set for May 20-22 at Walt Disney World in Orlando, Fla. The program, which […] [Read More]

IAA has entered into a new market alliance with Baltic Auto Shipping to expand its reach in Lithuania. IAA’s parent company, RB Global, said the deal increases IAA’s connectivity with the global buyer market and strengthens the auction company’s presence in Eastern Europe. The alliance’s goal is to broaden the market share of both companies […] [Read More]

Car Pros Automotive Group chief financial officer Shirley Jones has been honored by CDK Global as one of its 2024 Women Paving the Way. The award recognizes women in the automotive industry who contribute, connect and collaborate to elevate the role of women. “We are delighted to honor Shirley Jones for her grit, determination and […] [Read More]

Last year was another good one for Credit Union Leasing of America (CULA), which generated double-digit growth of its portfolio as well as credit union and dealer partners. CULA said its number of credit union partnerships increased 24% year-over-year, with four of those additions driving expansion into multiple states. In addition, the company grew its […] [Read More]

On Tuesday, Alfa unveiled the third of six releases that make up Alfa Systems 6, which is the revamped iteration of the Alfa Systems software platform. The automotive finance technology provider highlighted Sustainability offers new capabilities to address the industry’s evolving needs, particularly those finance companies that are driven by sustainability and changing business models. […] [Read More]

Agora Data CEO Steve Burke referenced the company being in growth mode during a conversation at NADA Show 2024 in early February. On Tuesday, the fintech company with a mission to “enable any car dealer to be a finance company” highlighted the successful closing of three funding streams. In three transactions that have already closed […] [Read More]

If you’ve taken older cars on trade and don’t want to retail them, the current wholesale market looks like fertile ground for those units. While highlighting the overall wholesale market generated a 0.17% price increase last week, Black Book pointed out values for 8-to 16-year-old cars rose 0.14%. Furthermore, the newest installment of Market Insights […] [Read More]