Dealership buy-sell activity is abuzz again in 2022, though it is not likely to reach the same staggering, record-setting heights of 2021, according to The Haig Report for the first quarter. The report, which Haig Partners produces based on its own research and through using Automotive News and The Banks Report data, found there were … [Read More]

In their respective first quarter earnings calls in May, executives with Cars.com and CarGurus spent a good bit of time discussing their moves into the wholesale marketplace The roots of both companies are retail-facing, but with the CarGurus acquisition of CarOffer a year-and-a-half ago and the Cars.com purchase of Accu-Trade earlier this year, each has […] [Read More]

For the second week in a row, F&I Sentinel added to its human resources. Last week, the compliance solutions provider with respect to the financing of F&I products reinforced its executive team with two former team members at F&I Express. This week, F&I Sentinel announced that Rick Hackett, former Hudson Cook partner as well as […] [Read More]

AutoNation highlighted this week that the dealer group’s newest marketing campaign is designed to amplify the company’s commitment to delivering an “unrivaled” customer experience and “world-class” work environment. AutoNation’s new national advertising campaign is celebrating its associates coast to coast with the theme, “Go Be Great!” As the next evolutionary phase of AutoNation’s, “What Drives You, […] [Read More]

In a different take on the pre-owned car market, TrueCar is expecting used-car sales will soften this month, and is actually seeing listing prices decline. These would seem to suggest an adjustment in demand. Specifically, the company predicts there will be [Read More]

Auto Remarketing Canada  is recognizing the 2022 Women & Automotive: Profiles honorees in the current issue of the magazine and at Canada's Used Car Week next month at the Westin Harbour Castle in Toronto. In the weeks leading up to the June 27-29 event, ARC will be posting Q&As with each of the Women & Automotive honorees on this website. Next up is Davina […] [Read More]

This week, Edmunds reported that the average interest rate for used vehicles financed in April came in at 9.16%, which was the same reading analysts spotted during the previous month. Edmunds broke down the data further to pinpoint the top 10 states with the … [Read More]

The process pf searching for and interviewing candidates took three months, but the Florida Independent Automobile Dealers Association (FIADA) board of directors is giving full support to its new executive director who previously served the organization. FIADA announced the appointment of Ejola Cook as its new executive director on Wednesday. Cook is an attorney and […] [Read More]

ComplyNet president and general counsel Adam Crowell returned for another appearance on the Auto Remarketing Podcast; this time with the topic being the Safeguards Rule enhanced by the Federal Trade Commission. Dealerships have until December to get its compliance in order to meet the long list of rule requirements ordered by the FTC. Crowell highlights […] [Read More]

Look for another 1.6% increase in wholesale vehicle values this month, which would make it the third-strongest May of the last two decades, J.D. Power Valuation services said in an analysis Wednesday. This surge in wholesale prices is part of a rapidly climbing overall used-car market this month, which J.D. Power’s Jonathan Banks says underscores […] [Read More]