Prices and interest rates are high, but that’s not stopping — or even slowing — consumer demand for used vehicles, according to the latest report from Edmunds. Edmunds’ Q2 2023 Used Vehicle Report showed a strong market for used sales, powered by years of postponed vehicle purchases, despite continued unfavorable conditions for car shoppers. “Used-vehicle […] [Read More]

Eric Autenrieth’s most memorable moment at a National Auto Auction Association convention, understandably, is a personal one.  Back in 2001, he and his wife Lisa got married as the NAAA was hosting its annual gathering in San Francisco.  “We didn’t want a big wedding. If you have a big wedding, inevitably, you leave somebody off the guest list and they’re mad at you,” Autenrieth said during an episode of the Auto Remarketing Podcast earlier this year.  “So, we decided that we were going to ... [Read More]

CentralBDC has made its third major acquisition in less than a year with the addition of automotive and marine dealership loyalty marketing firm AutoAwards to its portfolio. The transaction follows CentralBDC’s acquisition of PowerBDC in October and Better Car People in December. In a news release, CentralBDC also announced the company will now operate under […] [Read More]

Electric utility company Duke Energy has teamed with General Motors, Ford Motor Company and BMW of North America on a pilot program aimed at providing cost certainty for electric vehicle charging in North Carolina. Duke Energy’s 12-month EV Complete Home Charging Plan pilot will allow N.C. residential customers to use up to 800 kilowatt-hours per […] [Read More]

The Chicago area’s franchised dealers association cooked up a big donation to the USO to provide assistance to local military members and their families. The Chicago Automobile Trade Association’s 10th annual USO Barbecue for the Troops, a series of barbecue events on July 15, brought in $100,453. The events, hosted by more than 80 dealerships, […] [Read More]

Electric vehicles might be the future. For the present, though, they’re causing more technology problems for their owners than traditional internal combustion engine vehicles, according to the latest research from J.D. Power. The 2023 U.S. Tech Experience Index Study, released Thursday, found 17 of the 21 advanced technology features offered on both types of vehicles […] [Read More]

With National Dog Day coming during the final weekend of the dog days of summer, Autotrader unveiled its list of the 2023 Best Cars for Dog Lovers, highlighting the best vehicles for people who have canines. Before getting into the rundown of the 10 vehicles, Autotrader mentioned general features many of the selections have that […] [Read More]

Analysts at iSeeCars.com spotted an intriguing convergence of trends when looking at how the used-vehicle retail sales market unfolded in July. First, overall used sales in July were 6.1% faster year-over-year, according to the company’s new study. But the 20 used models that turned fastest on average based on July data had been available for […] [Read More]

Car Pros Automotive Group brought two more Southern California dealerships into its portfolio. The group announced on Thursday it has acquired Nick Alexander BMW, Nick Alexander MINI and a collision center from Los Angeles-based Nick Alexander Imports. The dealerships have been rebranded BMW of Downtown LA and MINI of Downtown LA. Car Pros now owns […] [Read More]

Nine industry associations recently sent a letter to the Federal Communications Commission (FCC), pushing back against the regulator’s plan involving call blocking and offering suggestions so financial institutions can still contact their customers. The associations responded because the FCC wants to deploy additional measures to combat illegal calls and address how to notify legitimate callers […] [Read More]