With the average price for a gallon of gas now above $5, Black Book’s newest installment of Market Insights highlighted how wholesale prices for vehicles such as compact cars and full-size SUVs are moving in distinctly different directions. “Fuel prices appear to still be having a … [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 this 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 Sophie […] [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 this 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 Karen […] [Read More]

In February, Polly went through a rebranding process as its dealer client roster using its insurance marketplace for automotive retail surpassed 1,200. On Tuesday, Polly announced it has closed on an acquisition of automotive marketing and analytics company, Driven Data Technology. Under the terms of the asset purchase agreement mentioned in a news release, existing […] [Read More]

National Lenders General Agency is getting involved with the independent and buy-here, pay-here dealership segments in more ways that just offering its risk management services to clients. The company announced on Tuesday that it has joined four independent dealer associations, including the organizations in Texas, Georgia, the Carolinas, Indiana, and the local chapter of TIADA […] [Read More]

When discussing CECL — implementation of the Current Expected Credit Loss (CECL) accounting standards — Agora Data senior vice president of strategic relationships Jim Bass said bluntly during this month’s Non-Prime Auto Financing Conference: “It’s about to get real.” Bass, who also is chairman of the National Automotive Finance Association and host of that annual […] [Read More]

Van Horn Automotive Group has launched an online used-car buying platform called CloudLot that allows consumers to conduct all car-buying steps from selecting a vehicle to scheduling delivery completely online. The platform, which is available at ShopCloudLot.com, is powered by Cox Automotive’ Esntial Commerce technology. “As Wisconsin’s only employee-owned auto group, we will continue to […] [Read More]

May’s soft certified pre-owned vehicle sales performance may be more than just a speed bump. The CPO market is likely headed to its softest year in close to a decade Following four consecutive month-over-month gains to start 2022 on a high note, the 208,423 CPO sales in May marked a … [Read More]

Even dealerships are having some trouble keeping a bright outlook amidst the notable headwinds we’re all facing nowadays. According to the latest reading of the Cox Automotive Dealer Sentiment Index (CADSI), U.S. automobile dealer sentiment in the second quarter softened, as U.S. dealers’ attention turned to inflation, high costs and tight inventory. Analysts said the […] [Read More]

Holman is adding more financial juice into the electric vehicle space. Last week, the global automotive services organization announced an investment from its venture capital division in AmpUp, a leading electric vehicle management software company. Executives highlighted AmpUp’s innovative technology allows organizations and fleet operators to efficiently monitor and manage their EV charging infrastructure to […] [Read More]