Used-car financing might be even more appealing for lenders and consumers, especially since Edmunds reported this week that the number of individuals committing to monthly payments of $1,000 or more hit an all-time high during the second quarter. Edmunds noticed consistency in used-car financing in Q2, with average monthly payments ticking up just $7 quarter-over-quarter […] [Read More]

If there’s one thing that can be said about the trend in the Canadian wholesale used-car market for the week ending June 28, it’s that it was consistent. According to Canadian Black Book’s weekly Market Insights report, car values were down 0.32%. Truck/SUV segments were down 0.32%. And overall? You guessed it: 0.32%. The decline […] [Read More]

A dealership known for serving and supporting the military has changed hands. Patriot Buick-GMC in Killeen, Texas, has been acquired by Ancira Automotive Group from previous owner John Kliewer, according to Haig Partners, which represented the seller in the transaction. The dealership, located near the U.S. Army’s Fort Cavazos (formerly Fort Hood), has been in […] [Read More]

CARFAX has again earned recognition as one of the nation’s best places to work. The vehicle history report provider was selected as one of the Top Workplaces 2025 by USA Today, as well as receiving regional honors from the Washington Post and the St. Louis Post-Dispatch. CARFAX earned USA Today’s national award and St. Louis’ […] [Read More]

Standards for Technology in Automotive Retail took another step forward in its quest to create standards for the auto retail industry. The automotive information technology standards organization published its first application programming interface standard for automotive deals. STAR said the deal API standardizes the management and exchange of deal-related information in auto retail, facilitating seamless […] [Read More]

As part of the upcoming NAAA World Remarketing Convention issue of Auto Remarketing, we are spotlighting the annual High Performance Auto Auctions. Essentially, this is a roundup of “Auto Auction of the Year”-type awards from consignors, auction groups and other industry stakeholders. For example, if you are a consignor, this might be a list of your […] [Read More]

Vaughn Clemmons might not be an attorney, but the president of the American Recovery Association urged members to use caution when receiving client directives. “Whether from lenders, forwarders, or others, some instructions could place your business or employees in legal jeopardy,” Clemmons wrote in a recent industry message. “The American Recovery Association will never support […] [Read More]

The September edition of Auto Remarketing will celebrate the National Auto Auction Association, the upcoming NAAA World Remarketing Convention and the wholesale vehicle industry at large. One of the features in this special issue is the annual “Auction Life” photo spread, where we invite NAAA-member auctions to submit photos of daily auction life from the past year. […] [Read More]

New tariffs plus a longstanding trend of unsustainable price increases are combining to pose fresh challenges for automakers, suppliers, and retailers. In particular, how can the auto industry better control costs quickly to make their products more affordable for consumers? Affordability was a growing problem for the automotive sector even before new trade policies took […] [Read More]

How do you know your dealership website is actually working? DealerFire is ready to show you how to find out. The provider of custom automotive websites and digital marketing has published a blog post that outlines how dealerships can set up website conversion tracking using Google Analytics 4. The guide aims to help dealers understand […] [Read More]