A new auction is riding in from the West. Go West Auto Auctions announced it is launching an online wholesale auction for licensed retail/wholesale dealers in the Western U.S. In a news release, the company, based in Bend, Ore., said it’s “rebelling against the existing industry standards by putting dealers first, standardizing fee structures, offering […] [Read More]

It’s perhaps a top question economic experts are asking, especially since the average cost of a gallon of gas in the U.S. sits at $4.55, according to AAA. How much longer can consumers stay resilient? Well, how about this positive outlook relevant to dealerships and auto lenders, courtesy of the latest Consumer Confidence Survey from […] [Read More]

The spring bump of March didn’t last long. Canadian Black Book’s Used Vehicle Retention Index followed that month’s gentle 0.3-point rise with a larger fall in April 2026, dropping 1.7 points to 130.8. That’s down 6.8% from April 2025. “As new-vehicle sales begin to slow following last year’s fear-driven market frenzy, the used market is […] [Read More]

AutoCanada’s Samuel Cochrane will be able to hand off the chief financial officer’s responsibilities to another executive in a couple of months. The dealer group on Thursday announced the appointment of Mike Woodward as its next chief financial officer, a move that’s effective July 6. Along with serving as CEO, Cochrane currently is the interim […] [Read More]

In the current automotive retail market, many dealer principals are considering expansion, and it is estimated that there are currently eight buyers for every dealer considering a sale of the business. This imbalance is driven by a unique confluence of factors: deep cash reserves from the “golden years” of 2021-2024, a trending plateauing interest rate […] [Read More]

ACV started as a digital auto auction marketplace in 2014, but in the dozen years since, it has expanded by acquisition and development to include a bevy of additional services for dealers. Including inventory management. ACV bought MAX Digital in 2021, a move that allowed ACV to offer dealers inventory and pricing guidance as well […] [Read More]

Five Canadian auction companies are coming together to form a united entity. Michener Allen Auctioneering, Jardine Auctioneers, North Toronto Auction, Weaver Auctions and Coast2Coast Collector Car Auctions — all owned by Euro Auctions Group — are now part of United Auctions, a new corporate identity operating seven locations nationwide under a single brand. In a […] [Read More]

Feldman Automotive Group made its biggest deal yet. The dealership group, based in New Hudson, Mich., has acquired Firelands Auto Group from Patrick O’Brien, a transaction that includes four stores in Northern Ohio. The addition of Firelands Chrysler Dodge Jeep Ram, Firelands Toyota and Firelands Honda in Sandusky, and Firelands Chevrolet in Vermilion brings Feldman’s […] [Read More]

Carvana’s integrated auction-recon sites are coming fast and furious. On the heels of last week’s announcement of a combined facility at ADESA Syracuse, the online used-car retailer revealed plans for its next such site, this one at ADESA Chicago in Hoffman Estates, Ill., where an inspection and reconditioning center will be added to the existing […] [Read More]

Toya McLeod of Southlake, Texas won the top prize as the world champion auto auctioneer at the 2026 World Automobile Auctioneer Championship last week at Dealers Auto Auction Memphis in Eads, Tenn. Another Texan, Graci Sherman of Lubbock, claimed the ringman title, and Tennessee’s Blake Walker and Alabama’s Donnie Marr won the team competition. McLeod, […] [Read More]