After reporting strong first quarter results, used-car retailer Carvana set a goal of selling 3 million units with significant profit within five to 10 years. It is well on its way to achieving its “mission” of changing the way people buy cars, Carvana chairman, president and CEO Ernie Garcia said during the earnings call. “Given the position we're in and the fundamental gains we see in front of us, the path to that goal, which we currently view as both very exciting and very achievable is that we ... [Read More]

Montway Auto Transport is teaming up with USAA to offer discounts to the insurance provider’s members. The third-party automotive transport company said members can save up to $125 on car-shipping services through the USAA Perks program. USAA, founded in 1922 by a group of military officers, offers insurance, banking and retirement services to members of […] [Read More]

Brian Kramer said the dealership service drive “is like an oil reserve of valuable inventory.” During his keynote presentation at this spring’s Auto Intel Summit, now available in this episode of the Auto Remarketing Podcast, the executive vice president at Cars Commerce and general manager of AccuTrade shared recommendations for how managers can tap into […] [Read More]

Chris Vester wants fellow dealers to gain emotional intelligence — not just retail and service cars. In this episode of the Auto Remarketing Podcast, listen to a lunchtime conversation, presented by Vitu, from this spring’s Auto Intel Summit with the co-CEO of the Hubert Vester Automotive Group. Vester recapped his path to gaining emotional intelligence […] [Read More]

Tim Ranney is getting back into the credit-reporting business this spring. Ranney — who previously owned Clarity Services, which was purchased by Experian in 2018 — is launching Congruit Credit, an emerging national consumer credit reporting agency positioned to usher in a “new era” of credit reporting and monitoring solutions. With a mission to modernize […] [Read More]

Euro Auctions Group has acquired North Toronto Auction in what the company called a strategic move to strengthen its position in the Canadian marketplace. The 17-acre auction in Innisfil, Ontario, is Euro Auctions’ fifth auction site in Canada. The Northern Ireland-based company, which bills itself as the world’s largest privately-owned auction house, operates 15 locations […] [Read More]

Canadian dealership groups OpenRoad Auto, Go Auto and HGreg were honored this week for their business success. OpenRoad and Go Auto again earned recognition among Deloitte’s 2025 Canada’s Best Managed Companies, a program that celebrates excellence in private Canadian-owned companies with revenues of $50 million or more. Both companies are members of the program’s Platinum […] [Read More]

Merging Compliance Unleashed and BHPH United together paid off for organizers and to the benefit of what they said was record-setting attendance of dealerships and other industry professionals. Nearly 500 attendees gathered at Caesars Palace in Las Vegas last month for the BHPH United Summit, which included three days of hands-on learning, networking, and real-world, […] [Read More]

As dealers face rising complexity in inventory management, pricing, and profitability, especially with the 25% tariff on imported vehicles, machine-driven technologies are stepping in as vital tools — not just to handle data, but to make better, faster business decisions. From fluctuating vehicle values and evolving consumer trends to aging inventory and regional market differences, […] [Read More]

In what economists said was “universally expected,” the Federal Reserve left the federal funds target rate unchanged on Wednesday. The Federal Open Market Committee (FOMC) kept that rate at a range of 4.25% to 4.50% and reiterated a deliberate approach to potentially making any changes later this year amid tariffs and other market turmoil. But […] [Read More]