The last time Black Book saw this large of a jump in wholesale values in a single week, we were gearing up for Used Car Week and Thanksgiving. In 2021. According to Black Book’s newest installment of Market Insights, wholesale values rose 0.44% during the week that closed on Saturday. Analysts said the last time […] [Read More]

This roundup of dealer philanthropy activities involves healthcare in Florida and education in Texas. Beginning in the Sunshine State, leaders from Broward Health and the Broward Health Foundation joined Rita Case on Feb. 15 to celebrate the naming of the Rita & Rick Case Echo Lab at Broward Health Medical Center. The lab features the […] [Read More]

The first two months of 2023 were a bit of a surprise for the certified pre-owned vehicle market. Cox Automotive forecasted in January that CPO sales would fall 11% in 2023, following a 10% decline last year. But through February, year-to-date certified sales are up almost 14%, the company said.  So, what gives? Ironically, it’s the ... [Read More]

During the past week, Cox Automotive touched on two important current trends associated with auto financing — credit availability and tax refunds. Both trajectories might be positives for dealerships getting vehicles delivered and finance companies building their portfolios. First, according to the Dealertrack Credit Availability Index, access to auto credit loosened modestly in February. Furthermore, […] [Read More]

The independent dealership associations in both Florida and Texas now have new leaders. In the Sunshine State, a familiar name and a former dealer and 20 group moderator now is the overseer of the Florida Independent Automobile Dealers Association, as Chuck Bonanno started as executive director on Monday. And down in the Lone Star State, […] [Read More]

Canadian dealer group Ride Automotive has made its second U.S. acquisition, purchasing Marin Mazda in San Rafel, Calif., from Michael Glasser The acquisition announced by Performance Brokerage Services, which advised on the deal. Ride Automotive, which includes two Kia stores in Canada, announced last month it purchased Simi Valley Chrysler Dodge Jeep Ram from Robert […] [Read More]

Van Horn Automotive Group has acquired its first Honda dealership, announcing last week that it purchased David Hobbs Honda of Glendale in Wisconsin. The acquisition also adds the Milwaukee market to Van Horn’s footprint, which includes 16 stores throughout Wisconsin and Iowa. “We are very excited to make this deal for a number of reasons,” […] [Read More]

The 43 dealerships, manufacturers and other repair businesses who employ these technician award recipients truly can say that they offer world-class service. Last week, the Auto Care Association announced the latest recipients of the World Class Technician Award in partnership with the National Institute for Automotive Service Excellence (ASE). The two organizations provide this annual […] [Read More]

SIXT USA said on the last day of February it was bringing its luxury vehicle rental operation to the nation’s capital. Then on Monday, SIXT revealed exactly what day its branch would open at Ronald Reagan Washington National Airport (DCA) in Washington, D.C. The company said the branch will start operations on April 1 serving […] [Read More]

HyreCar has filed a motion with the U.S. Bankruptcy Court in Delaware to sell its assets under Section 363 of the Bankruptcy Code, while continuing to conduct ordinary business operations. Additionally, HyreCar filed a motion to retain Zukin Partners as its investment bank to seek buyers on the sale. HyreCar filed a voluntary Chapter 11 […] [Read More]