The National Auto Auction Association’s Ron Hope Memorial Scholarship has another recipient. Fredrick “Frankie” Lingle, fleet manager of Greensboro Auto Auction, has been awarded the scholarship to Auction Academy, joining Greater Rockford Auto Auction’s Abigail Balk, who became its inaugural recipient in December. The association said Lingle will participate in the academy’s Class 9, which […] [Read More]

While market share for battery electric vehicles rose in 2024, uncertainty is now dominant in the EV landscape. In its 2025 U.S. Electric Vehicle Experience Ownership Study, J.D. Power cited data showing BEV market share reached 9.1% at the end of last year, a 0.7-percentage point increase fueled in part by the growing number of […] [Read More]

Elon Musk might be ruffling a lot of feathers in Washington these days, but his company sure seems to keep its customers happy. For the third year in a row, Tesla claimed the top brand prize in S&P Global Mobility’s annual Automotive Loyalty Awards, winning for Overall Loyalty to Make, as well as the Ethnic […] [Read More]

As we review the vehicle inventory, carryover, and markdown trends from the Lotlinx Q4 2024 Automotive Market Report, the automotive market has revealed several important insights into the ongoing challenges and opportunities for dealerships and OEMs. Rising inventory levels, evolving consumer preferences, and the steady expansion of hybrid and electric vehicle (EV) sales continue to […] [Read More]

The American Recovery Association is in the closing days of accepting votes for nine industry awards that will be given at the 2025 North American Repossessors Summit. ARA will gather votes through Friday for the accolades, which will be announced during the April 23-25 event in Orlando, Fla. You can cast your vote for these […] [Read More]

Agora Data is now in the powersports business. The consumer fintech company specializing in advanced capital solutions and AI-driven loan performance analytics, has completed a $12 million transaction providing liquidity for Model Finance, a powersports finance company. This move represents Agora’s first transaction in the powersports sector, opening doors for further expansion into this specialized […] [Read More]

NextGear Capital is looking to expand its portfolio this year, so the provider of inventory finance solutions serving more than 17,000 independent dealers announced plans to add a new executive. Set to join the team as AVP of corporate operations and risk management on March 10 will be Rose Bryant, who will oversee all aspects […] [Read More]

Dealer Solutions & Design has a new look, a new website — and a new dealership asset management platform. DSD, a provider of fixed operations design, consultations, equipment specs, installation and project management for automotive facilities, said it has completed a rebrand that includes a refreshed website, a new logo, and the launch of cloud-based […] [Read More]

The modest springtime appreciation consignors and dealers see annually is already starting to surface, especially when examining some specific vehicles less than 2 years old. That’s one of the main findings from this week’s Market Insights from Black Book, which is also watching for price shifts that can be attributed to tariffs. All told, analysts […] [Read More]

CARFAX is introducing a new way for insurers to assess vehicle value and risk. The vehicle history report provider announced it has teamed with actuarial consulting firm Pinnacle Actuarial Resources to develop a score designed to “modernize and replace traditional vehicle symbols.” The CARFAX Vehicle Build Score uses the full 17-digit VIN to help insurers […] [Read More]