During the same week independent dealers gathered in Las Vegas for NIADA’s annual convention, it appears managers didn’t feel like gambling in the auction lanes. The latest installment of Market Insights from Black Book showed wholesale values declined another 0.42%, while the estimated average weekly sales rate decreased to 46% last week. “With days to […] [Read More]

J.D. Power’s latest new-car quality study shows quality is on the decline — at a record rate. According to the J.D. Power 2023 U.S. Initial Quality Study, the number of problems per 100 vehicles (PP100) has risen by a record 30 PP100 over the past two years. The study reported an industry average of 192 […] [Read More]

Two of the best-known platforms in the automotive retail industry have added ChatGPT to their respective toolboxes. CarGurus and Edmunds both announced the introduction of plugins that allow users of OpenAI’s popular chatbot to employ its artificial intelligence to make it easier to find information and vehicles that meet their needs. “The car shopping process […] [Read More]

Zeigler Auto Group/Zeigler Racing is hosting a series of meet-and-greet events with Live Fast Motorsports featuring driver Josh Bilicki in the runup to NASCAR’s historic Chicago Street Race on Sunday. Bilicki will be driving the Zeigler.com No. 78 Chevrolet Camaro in the inaugural Grant Park 220. The weekend features a 100-lap race through the streets […] [Read More]

Next up on our series of shows from the Canada’s Used Car Week podcast stage is a conversation with Austin Lavigne of J.D. Power’s ChromeData division. Lavigne and Cherokee Media Group senior editor Joe Overby discuss the “behind the scenes” aspect of ChromeData, electric vehicle trends, the move to “modern retailing,” and much more. Listen […] [Read More]

Micky Watts of Anderson Brothers Bank is the new president of the National Automotive Finance Association. Cherokee Media Group’s Nick Zulovich connected with Watts during this year’s Non-Prime Auto Financing Conference to recap his journey from joining the association more than 10 years ago to now being in a leadership position. The conversation can be […] [Read More]

Dealers Auto Auction Group has a new chief operating officer. Named to the position was Jim McAnally, who was promoted to the position on May 1. As COO, McAnally will continue reporting to DAAG chairman and CEO David Andrews. “This promotion reflects Jim’s strong leadership and knowledge throughout our industry, along with his absolute commitment […] [Read More]

DriveItAway Holdings continues to forge partnerships outside of the automotive industry to build its network leveraging its subscription-to-purchase technology. DriveItAway recently announced a relationship with Partners Personnel, an industrial staffing company in the United States and an SIA Best Staffing Firm To Work For. According to a news release, this collaboration aims to provide stability […] [Read More]

Average wholesale vehicle prices fell nearly 10% year-over-year last month and remain on the downward slope for June, according to the latest Kontos Kommentary analysis from ADESA chief economist Tom Kontos. Specifically, average wholesale prices were at $16,116 in May, which was down 2.2% from April and 9.7% softer than May 2022, Kontos’ report said. […] [Read More]

Highlighting what he called a “remarkable milestone,” DRN and MVTRAC president Jeremiah Wheeler posted a letter on the company blog announcing the appointment of Cortney Osborne as the new COO of MVTRAC. Wheeler wrote “this transition marks an exciting chapter filled with unparalleled opportunities for our clients and industry partners.” Osborne takes on her new […] [Read More]