When General Motors launches CarBravo later this year, the majority of the vehicles available on the omnichannel used-car sales platform will be inventory owned by its dealers. However, CarBravo will also include vehicles owned by General Motors and GM Financial, like off-rental and off-lease units. So, that begs the question: how would that impact the […] [Read More]

Separate announcements from DCG Acquisitions, part of the Dave Cantin Group (DCG), and Haig Partners detailed how a dealer group in the Northwest as well as another one in the Southeast each became bigger this week. DCG represented both parties in the larger of the two newest developments, as the Gee Automotive Companies — among […] [Read More]

In 2020, the Kansas City Chiefs took on the upstart and defense-minded San Francisco 49ers in the first Super Bowl appearance for their star quarterback Patrick Mahomes. In their return trip to the Big Game last year, the Chiefs faced an opponent of a wholly different sort: Tom Brady and the veteran-laden Tampa Bay Buccaneers, […] [Read More]

There’s now more juice in the subscription market for electric vehicles. NextCar Holding Co. (NXCR), the fintech and insurtech vehicle subscription platform founded by Scott Painter and Georg Bauer, has a new brand and offering with the initial rollout tailored to specific consumers in a particular part of the country. Now operating under its newly […] [Read More]

Cox Automotive chief economist Jonathan Smoke is back on the show to help us make sense of the mixed signals that wholesale vehicle prices have shown at the start of 2022. Plus, we talk about the growth in what Cox Automotive has dubbed "New Form Online Retailers" and all things used cars. To listen to […] [Read More]

Auto finance executive and entrepreneur Brian Reed remembers the scene at one of his first industry jobs. On Monday mornings, baskets below fax machines would be overflowing with paper applications from dealerships arriving over a weekend that needed to be processed by hand. Now as chief executive officer at Digital Auto Advisors, Reed took us on […] [Read More]

In his first appearance of the year on the Auto Remarketing Podcast, StoneEagle F&I senior vice president of business development Joe St. John acknowledged how enticing it would be to run a dealership again because of the F&I performances many stores enjoyed in 2021. Along with his top three data points from last year, St. […] [Read More]

Dealer Trade Network is a wholesale trading market of new-vehicle inventory. And the company has launched a new index that compares the new-car wholesale trading price (i.e., new vehicles sold from dealer to dealer) with the invoice prices of those new vehicles. What did the New Car Wholesale Monthly Trading Price Index determine? For one, that […] [Read More]

Carvana is staking its claim to two milestones: the fastest used-car retailer to organically sell more than 400,000 units in a year and the fastest online auto retailer to have reached 1 million sales since founding (nine years). The company said it reached each of these landmarks in the fourth quarter. “Our engine of growth […] [Read More]

As the organization also got its preparations in motion for its annual convention, the National Independent Automobile Dealers Association (NIADA) reinforced its government advocacy on Wednesday with the addition of Christina Perez as director of government affairs. NIADA highlighted that Perez joins vice president of government affairs Brett Scott in advancing the association’s engagement with […] [Read More]