Hendrick Automotive Group has opened another dealership with a sports legend as its namesake, but this time around, the name of the game is baseball, not NASCAR. On Tuesday, the retailer announced the opening of Reggie Jackson Airport Honda in Raleigh, N.C. The Major League Baseball Hall of Famer partnered with Hendrick Automotive to open […] [Read More]

Monthly payments for both used- and new-vehicle financing is projected to break records, according to data gathered and tracked by Edmunds. [Read More]

Used-car managers might agree with the description Black Book gave the 2021 wholesale market, calling it a “wild ride” in the first installment of Market Insights for the new year released on Tuesday. [Read More]

The final reading of the Black Book Used Vehicle Retention Index put an exclamation point on just how unique 2021 was when it comes to wholesale prices. Black Book revealed the December index reading on Tuesday, saying it increased another 5.8 points (or 3.1%) from November to land at 195.7. Analysts determined that rise left […] [Read More]

Penske Automotive Group has expanded its presence in the Austin/Round Rock market in Texas with the grand opening of Honda Leander. The new dealership, located in Leander, Texas, is the retailer’s 14th Honda store overall and is its ninth dealership in the market. The store has more than 46,000 square feet of facilities, located on […] [Read More]

Scores of consumers now are leveraging Buy Now, Pay Later (BNPL) offerings by some retailers. To help auto finance companies evaluate applicants who might have BNPL commitments during the underwriting process, Equifax recently announced that the company is furthering its commitment to expand access to credit by making BNPL payment information part of credit reports, […] [Read More]

There have been so many changes and unique circumstances that affect the market and your business. They must be considered as you plan for success in 2022. What to do about it all? First, plan to do something different — not just a little different but completely different. Doing a little more of the same […] [Read More]

Just before 2021 closed, the Automotive Properties Real Estate Investment Trust said it had signed a $23.4 million deal with a dealership group to buy the Sherbrooke Honda and Magog Honda properties in Quebec. Additionally, the REIT exercised its Right of First Refusal and signed a deal to buy roughly 2.15 acres of land in […] [Read More]

We're back! In our first episode of the Auto Remarketing Podcast of 2022, Manheim president Grace Huang joins the show to look back at the big themes in the auction industry from 2021, while also outlining Manheim's goals for 2022. We discuss digital wholesale, electrification of the vehicle fleet, industry consolidation and much more. Huang's 2021 […] [Read More]

Here is some potential good news for dealers when it comes to used-vehicle inventory: they might be able to source more consumer cars this year. According to 2022 State of the American Driver report from car ownership app Jerry, 58% of drivers said they would consider selling their vehicle this year. [Read More]