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]

Black Book said in its newest installment of Market Insights that overall wholesale prices softened slightly for the first time since the week of April 18. However, with fuel costs still at unprecedented levels, values for compact cars now have climbed for [Read More]

The investment community continues to push funds into the fleet sector. On Tuesday, Castlelake, a global alternative investment manager with approximately 17 years of experience investing in asset-rich opportunities, announced that as part of its income investing strategy, it has reached an agreement to provide up to $155 million in fleet financing to Voyager Global […] [Read More]

With S&P Global Ratings acknowledging that the U.S. economy “could be facing an unhappy summer,” LendingClub Corp. released findings from the 11th edition of the Reality Check: Paycheck-To-Paycheck research series, conducted in partnership with PYMNTS.com. LendingClub highlighted the Financial Distress Factors Edition examined the financial lifestyle of U.S. consumers who live paycheck to paycheck, the […] [Read More]

Dare Saul wanted to raise money for the NIADA Foundation. And the Arkansas operator wanted a highline model he could immediately list online, too. Saul accomplished both goals last week during the final day of the NIADA Convention at the MGM Grand in Las Vegas. Saul, owner of D3 Auto Sales in Des Arc, Ark., […] [Read More]