The auto world is expanding in the collector-car space, too. Barrett-Jackson recently hosted its inaugural Columbus Auction at the Ohio Expo Center & State Fairgrounds. The event featured 550 collectible vehicles that generated more than $37 million in auction sales with 100% sell-through. According to a news release, two vehicles sold for a combined $240,000 […] [Read More]

Mobility Global Inc. — which includes such brands as CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan — has completed its spinoff from S&P Global Inc. Shares of Mobility Global, now an independent, public company, began trading Wednesday on the New York Stock Exchange under the “MBGL” symbol. “For over 100 years, we have had […] [Read More]

The latest analysis from Edmunds uncovered multiple new-vehicle financing trend lines reaching new peaks during the second quarter. They also spotted records in the used-car financing space, too. Edmunds explained all the activity stems from shoppers taking on larger and longer loans to combat affordability challenges in the car market. Here’s what Edmunds reported just […] [Read More]

America’s Auto Auction has made its seventh acquisition of the year, announcing that it has purchased Dealers Auto Auction of the Rockies. It represents America’s first location in Colorado and follows the group’s acquisition of the auction’s sister location, Dealers Auto Auction of Phoenix, earlier this year. “This acquisition represents a meaningful step forward in […] [Read More]

During last week’s NIADA Convention, I presented a session on Fair Lending, the FTC’s Advertised Price Guidance, and other issues. At the beginning of my session, I included a slide stating that it is an important disclaimer, advising the audience that my presentation is not meant to be legal advice and that the information provided […] [Read More]

Loyalty is one of those words that gets thrown around in business conversations regularly, yet its true depth is rarely fully appreciated. Ask most car dealership managers about the value of a loyal customer and they’ll point you to a number. They wouldn’t be wrong — but that would be incomplete. The monetary value of […] [Read More]

Along with its usual analysis of slightly softening wholesale prices and auction conversion rates, Black Book gave a little more attention to the retail side of the car business in its newest installment of Market Insights released on Tuesday. Black Book said its estimated reading of used retail days to turn remained at roughly 34 […] [Read More]

Next up on the Canada’s Used Car Week Live Stage is Vincenzo Ciampi, who is senior vice president of auto finance and dealer services for Canada at iA Financial Group. In this episode of the Auto Remarketing Podcast, Ciampi talks with Cherokee Media Group’s Joe Overby about the state of the Canadian auto finance industry […] [Read More]

You’re likely to see a lot of red and blue in coming days, be it Fourth of July celebrations or some of the remaining contenders in the FIFA World Cup, which includes the U.S. Just won’t see as much of it on the roads outside the stadium. According to an iSeeCars study on the most […] [Read More]

Perhaps you’re reinvigorated about your business after attending recent events hosted by the National Independent Automobile Dealers Association, your 20 Group or other organizations and service providers. Or maybe you’re thinking you should sell and get out of the car business before Fourth of July fireworks pop. Before making a hasty decision, an expert in […] [Read More]