After looking at the new data, it’s probably understandable why Edmunds senior manager of insights Ivan Drury said, “buying a car in 2022 is a whole different ball game.” Edmunds reported the average amount financed for used vehicles delivered in the second quarter jumped by more than $4,400 year-over-year to … [Read More]

Despite how much your dealership might highlight the quality of vehicles in your used inventory, some potential buyers still might want to have a mechanic conduct an inspection. That’s a service Curbee, a mobile car-repair company, now is looking to provide. Created two years ago by the builders of Tesla and Lyft’s mobile car care […] [Read More]

It was a celebration in the wholesale world for multiple reasons recently in Connecticut. The National Auto Auction Association (NAAA) has named Garrison Hudkins as a Warren Young Fellow for 2022 and presented the award during Southern Auto Auction’s 75th anniversary celebration. According to a news release, the honor recognizes Hudkins for his service and […] [Read More]

The American Recovery Association (ARA) closed the first half of 2022 with significant changes in leadership, naming a new president and executive director. Stepping away from those respective roles, Dave Kennedy and Les McCook have handed the ARA leadership responsibilities to Vaughn Clemmons and Joel Kennedy. Clemmons, president at Automobile Recovery Bureau, was elected president […] [Read More]

It could be a challenging close to the first half of the year at dealerships on the retail sales front based on the expectations from the experts at Cox Automotive, Edmunds, J.D. Power and TrueCar. Beginning first with the used-vehicle sales forecast from TrueCar, analysts are predicting June used sales to reach … [Read More]

Nearly new models poised to become part of your used or certified pre-owned inventory are arriving with soft consumer perceptions. In the wake of the COVID-19 pandemic, initial vehicle quality notably declined, according to the J.D. Power 2022 U.S. Initial Quality Study (IQS). Experts explained disruptions caused by the pandemic — supply chain issues, record-high […] [Read More]

As hot as those fireworks that will explode during the upcoming Fourth of July weekend is dealership M&A activity since two more transactions became public knowledge on Wednesday. Beginning with the McGovern Automotive Group, the New England franchised store operator announced its 20th dealership acquisition during the past five years. Now part of the group […] [Read More]

Perhaps your service drive has been busy this week with oil changes, tire rotations and other routine maintenance ROs. However, if your service bays have been open for stretches of the day, a new survey by Cars.com might show part of the reason why. The Cars.com survey highlighted that while 88% of American travelers plan […] [Read More]

Senior editor Nick Zulovich spent part of his time in Denver for the North American Repossessors Summit sharing another conversation for the Auto Remarketing Podcast with Jeremiah Wheeler, who is president of DRN and MVTRAC. In light of inflation pushing up the costs of gas and other life necessities, Wheeler offered insight stemming from company […] [Read More]

For our monthly installment of the Auto Remarketing Podcast focused on fraud, Justin Davis and Frank McKenna of Point Predictive recapped the roundtables they orchestrated in June in conjunction with the Non-Prime Auto Financing Conference hosted by the National Automotive Finance Association. The roundtables included representatives from captives to related finance companies at buy-here, pay-here […] [Read More]