The blue sky has fallen a bit this year — but it’s still sky-high. Haig Partners’ quarterly report on dealership buy-sell activity found values down by 12% from the end of 2022 — a product of declining dealership profits this year — but still at more than twice pre-pandemic levels. Demand for dealerships also remains […] [Read More]

Black Book watched three vehicle segments decrease in value last week probably more than the appeal for cranberry sauce or canned yams still on a grocery store shelf two days after Thanksgiving. Black Book reported that three segments depreciated by more than 3% a week ago, including work vans, full-size luxury SUVs and compact cars. […] [Read More]

“Intentionally, these doors are closed because what you're going to see when you go beyond these doors is a completely new way to support the automotive supply chain,” a.i.m. CEO Tim Frank tells a crowd of auto industry professionals in mid-November. They’re gathered here for the grand opening of a.i.m’s first-ever vehicle reconditioning facility, located in Oxford, N.C., some 30 miles northeast of Durham. The building is a former tobacco production facility, a common sight in a state whose economy has shifted further towards tech-related fields, especially in the nearby Research Triangle region. That's not unlike the wholesale auto industry, where ... [Read More]

Two of the experts at Experian Automotive — John Howard and Kirsten Von Busch — spent part of their time at Used Car Week discussing electric vehicles for this episode of the Auto Remarketing Podcast. Howard and Von Busch recapped what the industry has learned about EV retailing and more this year. The conversation can […] [Read More]

Freezing temperatures can lower the range of battery electric vehicles by 16-46% depending on the make, model and year, according to the annual winter range report from EV analytics firm Recurrent. The report analyzes 17 popular EV brands in various driving conditions to compare their actual range at freezing temperatures, using range data from more […] [Read More]

This dealership news roundup includes another store gaining new ownership as well as a group launching its annual charity work during the holiday season. According to a news release from the Tim Lamb Group, the firm brokered the sale of Woody Sander Ford in Cincinnati to the Mark Williams Auto Group. Chris Infantino of the […] [Read More]

Used-vehicle prices have been falling from highs seen in March of last year, but Canadian Black Book’s 2023 Best Retained Value Awards show values in the market remain elevated. Analysis around the awards also shows a first for battery electric vehicles, in particular. “This year we saw all winners retaining over 82% which is the […] [Read More]

When consumers purchase cars at an auto dealer, they often buy supplemental products and services called voluntary protection products (VPPs). These provide additional coverage and protection for certain vehicle components or services not covered by or beyond the manufacturer’s original warranty. This not only impacts the consumer and the dealer’s bottom line, but also impacts […] [Read More]

SCI Lease Corp. has new options for Canadian consumers looking to lease, through a new partnership with Vietnamese automaker VinFast. SCI now offers Canadians a leasing program for VinFast electric vehicles, growing the automaker’s presence in the country. VinFast already has opened stores across the country, and delivered hundreds of vehicles to Canadian customers, the […] [Read More]

Automotive communication intelligence provider CallRevu has named Keri Cohen as its new chief marketing officer, a move the company said “coincides with a pivotal moment in CallRevu’s trajectory of rapid expansion and innovation.” CEO Ben Chodor called the hire “a significant milestone” in his plan to build a “world-class” leadership team. “Her dynamic leadership, coupled […] [Read More]