Even though some automakers have expanded certified pre-owned vehicle eligibility to include older model-years, dealer demand for the late-model vehicles that have historically been the bread-and-butter of CPO programs remains strong. And their values in the wholesale market are climbing in early 2023. That’s according to the latest Kontos Kommentary report from ADESA chief economist […] [Read More]

Intellicheck and DealerShop now are working together in an attempt to keep another way from fraud worming its way into a dealership’s systems and books of business. Intellicheck, an identity company delivering on-demand digital and physical identity validation, announced a partnership with DealerShop  to offer dealer and collision center members access to “state-of-the-art” fraud protection. […] [Read More]

A popular college basketball tournament has been happening this month that’s often associated with the description, “madness.” The wholesale market might not be quite to that level, but used-car managers certainly are having to pay more for vehicles at auction. According to Black Book’s newest Market Insights, wholesale prices jumped another 0.51% during the week […] [Read More]

Group 1 Automotive is expanding in the Sunshine State, and also announced Tuesday that it is updating its year-to-date share repurchase activity. Starting with its latest acquisition, Group 1 said it has purchased Estero Bay Chevrolet in Estero, Fla., which is near Fort Myers. The dealership, which Group 1 said ranks fifth among Florida Chevy […] [Read More]

Credit Acceptance said in January that it would “vigorously defend itself” during a robust lawsuit brought by the Consumer Financial Protection Bureau and the New York attorney general. Last week, the finance company gained support for seeking to have a judge dismiss the lawsuit. That support came from a trio of notable trade associations and […] [Read More]

For this bit of dealer buy-sell news, we go to Minnesota, where Jason Jalbert has purchased Thief River Ford from Steve Lillestol. The purchase of the Thief River Falls, Minn., store was announced by Performance Brokerage Services, which advised on the sale. In the news release, Lillestol said: “A huge shout out of thanks to […] [Read More]

Solera wants repair shops and technicians to have as much technology in their toolboxes as what’s contained within the vehicles they’re fixing nowadays. The vehicle lifecycle management tools provider recently introduced a new comprehensive repair shop management solution — Identifix Shop Manager — to help repair shops modernize and optimize operations. Solera highlighted Identifix Shop […] [Read More]

Two independent auto auctions have new general managers. Starting with Carolina Auto Auction, ServNet announced Friday that Vann Humphrey is now GM of the auction, which is one of two in the Stanley-Autenrieth Auction Group. Eric Autenrieth will become CEO of the group and is set to become NAAA president this fall. Humphrey has been […] [Read More]

One of the most popular courses offered by Alan Ram’s Proactive Training Solutions has been completely redesigned to train salespeople better for current market conditions. The firm said attendees of the revamped program — Phone Ups That Show Up — will learn the basics of converting sales opportunities from both online and the phone. “Designed […] [Read More]

Northwood University announced on Monday that it has hired an industry veteran to serve in a new role supporting automotive aftermarket education after reinforcing its commitment to that part of the industry business last fall. “We are thrilled to welcome James O’Dell as our new assistant director of aftermarket education,” said Kristin Stehouwer, academic vice […] [Read More]