TurboPass Corp. announced on Thursday that two major dealership groups now are clients using its verification technology, including a prominent one in the buy-here, pay-here space. TurboPass now is working with Family Auto, a BHPH dealership group with eight locations across South Carolina. “As a BHPH dealership, we’ve got tight margins and no time for […] [Read More]

ServNet Auction Group announced a pair of leadership moves on Thursday, appointing Billy Willis of Greenville Auto Auction to its board of directors and naming Mere Rangel of Big Valley Auto Auction as ServNet’s new member chair. Willis is general manager of Greenville AA, located in North Carolina, and has been with the auction since […] [Read More]

The Federal Reserve says at almost every opportunity that policymakers watch all sorts of data and trends before adjusting interest rates. If the Fed wants more information about what a rate cut can do, it can examine the auto-finance portion of TransUnion’s Q1 2025 Credit Industry Insights Report, which includes a delinquency rate not seen […] [Read More]

Carvana is bringing the next verse of its now-familiar song to the Music City. The online used-car retailer said it’s adding inspection and reconditioning center capabilities to its ADESA Nashville auction, making it the 10th and latest in a series of such combined facilities the company had originally dubbed “Megasites.” Carvana said the addition will […] [Read More]

The auto dealership buy/sell market has slowed in the wake of President Trump’s tariffs, with the resulting geopolitical uncertainty and financial market volatility leading to a cautious approach, according to Kerrigan Advisors’ Blue Sky Report for the first quarter of 2025. The report found buy/sell activity in Q1 dropped 14% year-over-year, with 94 transactions closed […] [Read More]

Nissan Canada’s latest partnership represents another step in its quest to take the stress out of buying and owning an electric vehicle. The automaker has teamed with Wallbox, a provider of charging and energy management systems, to launch a nationwide integrated home charging system for Nissan EV owners. As part of the program, RocketEV, a […] [Read More]

Companies that are key players in the used-car world recently presented at the J.P. Morgan Global Technology, Media and Communications conference. While their presentations touched on a wide range of topics, a common thread ran through them. Each highlighted value-added services that will help them thrive in a time of great uncertainty. The companies are Cars Commerce, CarGurus, ACV Auctions and Carvana ... [Read More]

Well, if you had a little wager at your dealership or consignment department guessing how long wholesale values would increase because of tariffs and other factors, the person who predicted 10 weeks in a row would be the winner. Black Book reported that wholesale values dipped 0.03% last week, stopping the price climb that began […] [Read More]

Just like the rest of us, American cars keep getting older. The average age of U.S. light vehicles has set another record, climbing to 12.8 years, according to S&P Global Mobility’s annual analysis. The average has now risen for eight consecutive years, and the increase of two months from 2024 marks the second consecutive year […] [Read More]

This week, the American Recovery Association highlighted the inroads on Capitol Hill made by the Repo Alliance, which spearheads lobbying efforts in Washington, D.C., on behalf of repossession agents. Repo Alliance founders Dave Kennedy, Mike Peplinski, Stephanie Findley and Marcelle Egley Sparks, along with ARA president Vaughn Clemmons and fellow agents, Richard Grosvenor and Todd […] [Read More]