Lake Norman Chrysler Dodge Jeep Ram has long been a successful dealership, but the Cornelius, N.C., store has shown particularly strong certified pre-owned growth in recent years. When Parks Automotive Group acquired Lake Norman CDJR in 2023, the dealership was selling between 130-140 used vehicles each month, with roughly half being certified pre-owned. Over the […] [Read More]

Here’s another notable sign about the struggles some consumers are experiencing this year. According to data provided by Epiq AACER, individual Chapter 7 bankruptcy filings through the first three quarters of 2025 jumped 15% compared to the first nine months of last year, climbing from 216,773 to 249,152. And individual Chapter 13 filings increased during […] [Read More]

For individuals residing in Wyoming, they’re having to “cowboy up” for their auto financing, according to new research shared on Thursday by WalletHub. WalletHub recently reported average interest rates on auto loans aren’t rising evenly across the country. To identify where consumers “are feeling the pinch the most,” WalletHub analyzed proprietary data from the first […] [Read More]

Much is uncertain in today’s world, especially in the automotive markets. But when it comes to vehicles that hold their value the best, you can bank on the Toyota Tacoma. When Canadian Black Book announced its 2025 Best Retained Value Awards this week, the Tacoma won for best retention in the small/midsize pickup category for […] [Read More]

Dilawri’s newest dealership stands alone. Indeed, Genesis Downtown Vancouver, now open for business, is the first standalone Genesis dealership in British Columbia and the province’s first facility built to the brand’s Genesis Retail Experience standard. In a news release, Dilawri said newly constructed sales and service facility is a “major milestone” for Genesis on Canada’s […] [Read More]

To the average consumer, CarMax is best known as a used-car retailer. But for the last three decades, the company also has had a thriving wholesale operation — and it’s one that has proven mutually beneficial for the retail side of the business, opened unique data sets and created avenues for business opportunities with traditional […] [Read More]

According to iSeeCars’ analysis, the average vehicle on the road has just a 4.8% chance of making it to 250,000 miles. But not all vehicles are average. The automotive search engine and research website has released its latest study to determine the longest-lasting vehicles on the market, a list topped by four Toyotas that all […] [Read More]

Affinitiv and Dominion DMS both announced leadership changes on Tuesday, and each move involved Sharon Kitzman. According to separate news releases from the companies, Kitzman is now chief executive officer of Affinitiv, which is a leading provider of intelligence-driven software and lifecycle marketing solutions for OEMs, dealers, and automotive groups. And taking Kitzman’s place at […] [Read More]

Black Book is asking the same question you and your colleagues at your dealership or finance company might be considering. How much industry juice are electric vehicles going to lose now that the federal tax credits have expired? Those federal EV incentives hit their sunset last week when Black Book watched overall wholesale values drop […] [Read More]

Carvana’s same-day vehicle delivery service has reached a milestone. With the addition of Salt Lake City, Utah becomes the 20th state with a market offering the service. The online used-car retailer said select customers in the Salt Lake City area can now receive their vehicle as soon as the same day they order it on […] [Read More]