The expectation of Michele Raneri and other industry experts that the Federal Reserve would not lower interest rates this week came to fruition. On Wednesday, policymakers voted unanimously to leave the federal funds rate unchanged at 5.25% to 5.5%. Prior to the announcement, Raneri, who is vice president of U.S. research and consulting at TransUnion, […] [Read More]

Buckeye Dealership Consulting welcomed “an icon” to its team on Thursday. The provider of reinsurable products for automobile dealers and finance companies announced that it has hired Bill Elizondo as its new national sales manager with a specific focus on leading the company’s sales efforts in the independent and franchised automotive spaces. “Bill is an […] [Read More]

The Canadian wholesale market continued its slow but steady decline in values last week. According to Canadian Black Book data, wholesale prices dropped by an average of just over a quarter-percent. Cars dropped by 0.40%, while trucks and SUVs dropped by 0.13%, continuing trends seen over the last few months. Three out of 22 segments […] [Read More]

Cherokee Media Group listened in as Tim Reuss of the Canadian Automobile Dealers Association appeared at NADA Show 2024 in Las Vegas. In this episode of the Auto Remarketing Podcast, hear what Reuss had to say about the challenges dealers in Canada are facing and the infrastructure struggles as more electric vehicles enter the market. […] [Read More]

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]