Fresh off of being named the Independent Dealership of the Year during Used Car Week, America’s Car-Mart expanded its dealership network right after Thanksgiving. The company announced that its newest buy-here, pay-here dealership is located in Norman, Okla., bringing its total store network to 153 locations. Car-Mart said the Norman dealership will be the company’s […] [Read More]

Not only did Canadian Black Book’s Used Vehicle Retention Index reach another record high in November, the month-over-month and year-over-year increases in the index were all-time highs, as well. Specifically, the CBB index was at 152.6 points for November, which beat the prior record set in October by 13.2 points. Fourteen of the last 17 months […] [Read More]

There has been a bit of “new” at the National Auto Auction Association in recent months. A new chief executive officer took office this summer, a new president this fall. And on Monday, NAAA released a new logo and tagline. The updated logo can be found in the above window, while the new tagline is “The […] [Read More]

On the auction block, on the dealer lot and in the consumer’s driveway: used-car prices are going up, and in some cases, breaking records. Starting on the wholesale side of the market, the Black Book Used Vehicle Retention Index, which was released Monday, has now reached a record high for three straight months. Coming in […] [Read More]

Rich Levene spent more than a decade in various executive roles within the wholesale market. Then a little more than a year ago, Levene started his own firm, Dignity Leadership Consulting, which helps its clients develop strategic, profit-generating, high-production teams. Levene discussed how individuals new to the automotive business as well as industry veterans can […] [Read More]

The Clearing House (TCH) released its 2021 Consumer Survey: Data Privacy and Financial App Usage that shows consumers who are using digital banking and fintech apps on a regular basis to manage their finances want greater disclosure and control over their personal financial data, However, the study also indicated these consumers know little about fintechs’ […] [Read More]

J.D. Power pointed out that potential buyers’ ability to secure financing is even more crucial nowadays in an automotive market beset by supply shortages and record high prices. Firm experts said more vehicle shoppers than ever have started to look for vehicle financing before ever setting foot in a dealership, reinforcing findings from the newly […] [Read More]

DDI Technology is now fully operational in the Badger State. On Monday, the electronic lien and title technology firm and a subsidiary of IAA announced the expansion of its electronic title and registration product offering into the state of Wisconsin as a certified EVTR (electronic vehicle title and registration) provider to the Wisconsin Division of […] [Read More]

LendingClub Corp., the parent company of LendingClub Bank, is looking to be in a position to capitalize on the growing volume of auto refinancing. After first launching its auto refinance product five years ago in California, LendingClub recently announced it has expanded its program footprint to include 40 states, covering 94% of the U.S. population. […] [Read More]

CarLotz is going Mobile. Alabama, that is. The consignment-to-retail used-car marketplace is opening its first-ever hub in the state on Monday. In addition to this facility — located at 3016 Government Blvd. in Mobile — CarLotz plans on opening a second Alabama hub this month in Huntsville. “Our continued expansion in the Southeast and entry […] [Read More]