One of the Silver Sponsors of Used Car Week isn’t just spending its financial resources to help bring together the industry for the leading event that begins on Nov. 15 at the Red Rock Resort in Las Vegas. On Tuesday, global data analytics provider Verisk announced that it acquired Data Driven Safety, a leading public […] [Read More]

Finance company executives and managers know the impact from rising vehicle prices has to come to roost somewhere. TransUnion’s Q3 2021 Quarterly Credit Industry Insights Report (CIIR) offered some interesting data to illustrate the point. The average amount financed per contract originated during the third quarter as well as the average balance still held by […] [Read More]

Auction Edge and Carbly have teamed up to launch the Pipeline Market Report, a vehicle pricing guide powered by sale data from independent auctions. The data is composed of near real-time results from Auction Edge partner auctions, with pricing based on actual transactions, the companies said in a news release. “Independent auctions are moving so […] [Read More]

The potential for electric vehicles seemingly is giving fleet operators quite a jolt of interest. On Tuesday, behavior and analytics advisory firm Escalent released the latest findings from its Fleet Advisory Hub, a platform designed to explore the needs, expectations and emotions of commercial and fleet vehicle decisionmakers. [Read More]

Autumn 2021 is proving to be completely atypical, with wholesale values rising for the ninth week in a row, as Black Book pointed out  on Tuesday.  But obviously, dealerships still need used vehicles to retail, so along with the latest pricing information, Black Book also touched on where used-car managers might be able to find the […] [Read More]

Lithia Motors & Driveway and AutoNation respectively announced record third-quarter earnings in October, with both retailers crediting their used-vehicle business for helping them address supply issues. “Our operational teams executed our best-in-class used inventory procurement model to source and recondition a large volume of used vehicles in a highly cost-effective manner,” Bryan DeBoer, Lithia & […] [Read More]

America’s Car-Mart raised the goals for its Holiday Toy Drive, which is now in its 13th year of being orchestrated during November by the buy-here, pay-here dealership group. Since 2009, Car-Mart said in a news release that it has collected thousands of toys for kids at children’s hospitals. This year, Car-Mart’s goal is to collect […] [Read More]

TRADE X, a Canada-based cross-border automotive trading platform, said Tuesday it has teamed up with Alliance Inspection Management for used-car inspections in North America. Under the partnership, AiM will be the inspection provider for all TRADE X transactions in the U.S. and Canada. “AiM’s third-party condition reporting will help us serve our customers better by […] [Read More]

First Investors Financial Services Group now officially is a captive finance company. Stellantis announced late on Monday that it completed the acquisition of the company that previously specialized in subprime auto financing. As a result of the transaction first revealed on Sept. 1, First Investors now will be known as Stellantis Financial Services US Corp. […] [Read More]

At Roger Beasley Mazda South and its sister stores within the Roger Beasley Imports group, certified pre-owned is not a last-ditch effort or a “save-a-deal” strategy.  In fact, it’s presented right up front as a viable option — even when the customer is looking for a new car. “On the first or second pencil, however […] [Read More]