ServNet Auction Group has added two new members to its board of directors, selecting Cole Hooten of Central Arkansas Auto Auction and Mere Rangel of Big Valley Auto Auction to join current members Vann Humphrey of Carolina Auto Auction and Billy Willis of Greenville Auto Auction. The board will be led by chairman Ryan Clark […] [Read More]

In an effort “bring fresh energy, diverse perspectives and deep expertise to the organization,” NextGear Capital recently added three new members to its senior leadership team along with rolling out a revamped website. Executives joining the inventory finance company for independent dealers were Tara Galloway, Jennie Kilgore and Shannon Landreth, reinforcing NextGear Capital’s “commitment to […] [Read More]

Experts are seeing auto financing “trending back toward pre-pandemic norms” based data contained in TransUnion’s Q3 2025 Credit Industry Insights Report (CIIR). TransUnion reported on Monday that originations rose 5.2% year-over-year to 6.7 million, supported by Federal Reserve rate cuts and stable inventories. Analysts noticed growth was led by super prime (up 8.4%) and subprime […] [Read More]

In today’s wholesale automotive marketplace, transparency and trust are the driving forces behind stronger transactions. With vehicles often sold sight-unseen through digital or simulcast platforms, buyers depend on condition reports to provide an honest reflection of a vehicle’s health. That’s why the integration of accurate OBDII Diagnostic Trouble Code (DTC) data into auction condition reports is emerging […] [Read More]

Walser Automotive Group has added a new brand — along with a new location in its home market. The dealership group, based in Minneapolis suburb Bloomington, Minn., has opened its first Kia store, Walser Kia, in nearby Minnetonka. The new franchise is led by general manager Campbell Walser, son of company partner Paul Walser and […] [Read More]

Golling Automotive Group added a new brand to its Detroit-area dealerships with the acquisition of Mark Chevrolet in Wayne, Mich., from Charles Cabana, a deal announced by Performance Brokerage Services, which represented the buyer. Performance Brokerage Services’ Mark Shackelford Jr. said Golling, which now operates nine franchise locations and a used-car store in the Detroit […] [Read More]

Much like the assortment of candy collected by trick-or-treaters, retail used-car prices were a mixed bag in October. According to the latest Carfax Used Car Index, the price variance between used-vehicle segments was quite noticeable during the month. Luxury cars, for example, were up close to $400 month-over-month in October and pickup trucks climbed more […] [Read More]

Car dealers can be slow to embrace change, but according to the latest research from Cox Automotive, they’re beginning to come around on artificial intelligence. Cox’s AI Readiness in Auto Retail Study found 81% of the 537 franchise dealers surveyed said they believe AI is here to stay, 74% believe it can create more benefits […] [Read More]

Used-car retailer Carvana reported very strong third-quarter results, driven in part by growing economies of scale, said executives on the earnings call. Though the stock price plunged after the call on concerns about subprime loan performance, Carvana's chief financial officer said its loan performance was strong. “We're getting better as we get bigger, aided by […] [Read More]

While more and more car owners are holding onto their vehicles longer these days, there are some models that tend to change hands very quickly — as in, within a year after they’re purchased new. And perhaps not surprisingly, those models tend to be on the high end of the price scale. The latest research […] [Read More]