According to tracking by AAA, the average cost in the U.S. for a gallon of diesel fuel on Tuesday sat at an even $5, which is down by 63 cents per gallon during the past month. But it’s still way above the average of $3.67 that AAA reported a year ago. Since fuel costs are […] [Read More]

The decline in Canadian wholesale vehicle values steepened a bit last week, according to Canadian Black Book, which said nearly half of the segments showed changes of more than $100. The overall market showed a 0.35% decline in wholesale values for the week ending Saturday, compared to a 0.29% drop the week before. The average […] [Read More]

Darla Booher is celebrating the 25th anniversary of owning her dealership in Greer, S.C. The owner of Deal Depot is also marking her time in the car business by becoming president of the National Independent Automobile Dealers Association. Booher was installed on Monday as NIADA president during the annual membership meeting at the NIADA Convention […] [Read More]

Cesar Stark started with a single car, very little capital and a determination to provide for his family. While working as an insurance agent visiting auto dealerships across El Paso, Texas, he saw an opportunity, bought a vehicle to resell, and turned that one car into two. Two became several, and in 2000 he opened […] [Read More]

AutoCanada took another major step towards divesting its U.S. properties, selling Toyota of Lincolnwood in the Chicago area for $40 million in cash (CAD) to Serra Automotive. The deal closed Monday. AutoCanada anticipates selling the rest of its remaining U.S. dealerships by the end of the year. Since classifying its U.S. segment as discontinued operations […] [Read More]

One of the strangest parts of moving to a new country is realizing how quickly your past stops mattering in practical ways. When entering a system like the United States, you can arrive with years of education, work experience, savings, and financial responsibility behind you, and yet, you suddenly find yourself starting from zero again. […] [Read More]

Former Manheim, America’s Auto Auction and ACV executive Matt Arias has a new role leading an auction of his own. Arias, who has been in the auction business since 1999 and was the longtime co-chair of the NAAA Auction Standards and IARA Standards Committees, is now the general manager of Mid Kansas Auto Auction. “We […] [Read More]

Carvana has teamed up with the Jimmie Johnson Foundation to help fast track the career development of aspiring automotive professionals. The online used-car retailer and seven-time NASCAR Cup Series champion have debuted Driving Brighter Futures, a grant program that aims to foster and improve career and technical education (CTE) in automotive and engineering programs at […] [Read More]

For car buyers of a certain age (43, in my case), the analog days of affordable vehicle hunting meant keeping your eyes peeled, head on a swivel for those “For Sale” signs. Black background, bright orangey-red letters. Usually somewhere on the vehicle’s dashboard. As a teenager in the late 90s and early 2000s looking to […] [Read More]

You could say that technology offerings from Advent Resources now are as big as Texas. The software provider that powers the financial layer of the car deal said last week that it is expanding its reach across the Lone Star State to help dealerships simplify and strengthen its operations, as fraud, compliance, and disconnected technology […] [Read More]