Black Book’s wholesale market observers acknowledged the first half of the year wrapped up with them “searching for a new ‘normal.’” That’s the primary finding from the newest installment of Market Insights, which was released on Tuesday. The analysis indicated that wholesale prices softened another 0.46% during the week that concluded two days before the […] [Read More]

We need to prepare for the future of mobility in a multitude of ways to ensure it continues to evolve. That was the message conveyed by speakers at Sustain Southern California’s Driving Mobility 12 conference, held in mid-June at the University of California Irvine. That includes helping transportation startups become viable, training a workforce to support them, and making the industry more sustainable, said the speakers. “We struggle with how to ... [Read More]

CarGurus’ new marketing campaign is a big deal. The digital car-shopping platform has launched “The Big Deal Show” campaign, which it said celebrates “life’s biggest moments behind the wheel and beyond.” The content series recognizes the “big deal” decisions and memories that come with a car purchase, featuring entertainment and sports celebrities sharing their big […] [Read More]

UVeye advanced its plans to grow overseas with the addition of Itay Erel as general manager of its operations in the U.K. and European Union. The provider of artificial intelligence-powered vehicle inspection technology said the hire is part of its efforts to broaden its reach in European markets. UVeye has been operating in Europe since […] [Read More]

And just like that, Sonic Automotive has become the nation’s largest Jaguar Land Rover dealer. The Charlotte, N.C.-based dealership group staked that claim by acquiring four California JLR dealerships — Jaguar Land Rover Los Angeles, Jaguar Land Rover Newport Beach, Jaguar Land Rover San Jose and Land Rover Pasadena — from US Auto Trust, a […] [Read More]

Operating a multi-brand automotive dealership business is complex, spanning sales, service, parts, financing, rental fleets, and more. Each brand within the dealership portfolio brings its own manufacturer requirements, operational risks, and compliance obligations. In such a high-stakes environment, insurance isn’t just a regulatory box to tick. It’s a cornerstone of risk management and financial stability. […] [Read More]

Mark Strand, senior economist and senior director of industry insights at Cox Automotive, and Brent Carmichael, director of education at the National Independent Automobile Dealers Association, brought up an event that might have made veteran store owners shiver while generating puzzled looks from younger operators who weren’t turning vehicles at that time. Cash for Clunkers. […] [Read More]

Axis Auto Finance has taken its latest step toward going away. The Mississauga-based direct-to-consumer subprime lender, which sold its auto finance business to Fionic Canada in December, announced it has completed the process of going private by consolidating the company’s common shares so all shareholders other than president Ilja Troitschanski held a fractional Axis common share. […] [Read More]

North American dealer-owned finance and insurance provider Tricor Automotive Group has joined with Signal Technologies in a strategic partnership designed to streamline and optimize Canadian dealers’ used-vehicle sales in the U.S. Tricor, based in Ontario, serves more than 220 Canadian dealerships, as well as U.S. dealers. In a news release, Tricor said partnering with Signal, […] [Read More]

Whether the dealership has only about 10 units or more than 1,000, managers now have an opportunity to make their used-car inventory more appealing through certification. Last week, Gold Standard Automotive Network and Trusted Sale announced a strategic alliance to introduce the Gold Standard Certified Used Car Program, a turnkey solution designed to enhance dealership performance by […] [Read More]