Carfax and J.D. Power each shared new data this week about retail prices for used cars and more. While analysts delved into different market segments, they noticed at least one similar pattern overall. Prices are noticeably higher now than a year ago. Thomas King, president of the data and analytics division at J.D. Power, said […] [Read More]

Both the American Financial Services Association and the American Bankers Association welcomed the dialogue during a hearing last week hosted by the U.S. House Financial Services Committee. Lawmakers and industry advocates discussed several financial scams currently affecting consumers and lenders, including credit repair scams, for-profit debt settlement schemes, and auto loan fraud issues. Following the […] [Read More]

A Canadian online used-car retailer is adding an executive who had a hand in the explosive growth of a U.S. counterpart. Richard Ball, who led Carvana’s inspection operation from 2016-2022, has joined Clutch as chief production officer. Clutch said Ball will oversee its national production operations, including inspection and reconditioning, as the company expands and […] [Read More]

Overfuel put dealership websites from the nation’s top 50 dealer groups to the test. And they fared only slightly better than John Blutarski. The dealership website provider’s second annual study checked the groups’ retail websites against Google’s Core Web Vitals performance benchmarks and found 0.4% of them passed both the mobile and desktop performance requirements […] [Read More]

Work Truck Solutions has completed the first phase of a program aimed at making the commercial vehicle bailment pool process more efficient and transparent for the entire supply chain. The commercial vehicle industry technology platform said its Bailment Pool Pilot involved a major OEM, three upfitters and a group of dealerships, with the goal of […] [Read More]

Wednesday marked several milestones for industry leaders during the 2025 NAAA World Remarketing Convention in Kansas City, Mo. The National Auto Auction Association added its newest Hall of Famer and honored two more Industry Pioneers. NAAA also installed its new president and highlighted a charity donation given in honor of the outgoing president. NAAA recapped […] [Read More]

Black Book reported that auction conversions averaged 59% last week, which was down 2% from previous week. Analysts explained the dynamics in play, saying that overall movement is “reflecting selective buyer appetite and continued seller resistance. “Performance varied widely,” Black Book continued in its newest edition of Market Insights released on Tuesday. “Some closed and […] [Read More]

The American Recovery Association recently formed another committee. President Vaughn Clemmons said this one “was established to tackle one of the greatest challenges in our profession: ensuring the safety and protection of repossession agents.” ARA said its Recovery Agent Protection Committee (RAPC) is being led by Wade Argo, president of Argo Management in Illinois, and […] [Read More]

Shottenkirk Automotive Group has entered new territory. The dealership group, based in Texas and Iowa, has acquired Subaru of Jacksonville in Jacksonville, Fla., from the Porter family, according to Heritage Capital Group, which represented the seller in the transaction. The dealership is the first in Florida for Shottenkirk, which now operates 28 dealership locations in […] [Read More]

Both an existing investor and a new one are backing BizzyCar, a provider of artificial intelligence-powered recall management solutions for dealerships. On Wednesday, BizzyCar announced it has raised $20 million through a follow-up to its Series B funding round. According to a news release, the round was led by existing investor Dealer Tire, with participation […] [Read More]