Certified pre-owned sales illustrate what it’s like to be in the car business in 2026. There’s some positive momentum, but softer performance, too, depending on your time comparison. According to data reviewed by Cox Automotive and recapped by Scott Vanner, a manager of economic and industry insights, CPO sales in May decreased by 0.9% year-over-year, […] [Read More]

This week’s gathering of the Federal Open Market Committee (FOMC) is the first one with Kevin Warsh as chair of the Federal Reserve. But experts — and even one of the FOMC members — aren’t expecting any changes to interest rates. Comerica Bank chief U.S. economist Bill Adams predicted on Monday that the Federal Reserve […] [Read More]

Dealerships are turning just about as fast as that pristine cherry you just took as a trade that has a potential buyer already returning your text message. The First Quarter 2026 Blue Sky Report by Kerrigan Advisors highlighted records for the dealership buy/sell market. A 21% jump in deals year-over-year during Q1 came from a […] [Read More]

A little more than a month after transitioning from president and chief executive officer of Asbury Automotive Group to its executive chairman, David Hult now has another leadership opportunity in automotive. OPENLANE on Friday announced the appointment of Hult and Kelly Tuminelli to its board of directors The operator of digital marketplaces for wholesale vehicles […] [Read More]

The advancement of autonomous mobility took a significant move forward on Monday. Element Fleet Management Corp. and Waymo announced a strategic multi-year partnership to support large-scale deployment and operation of autonomous vehicle fleets. According to a news release, this partnership is enabled through Element Mobility. It will provide end-to-end fleet management and operational services to […] [Read More]

ADESA last week launched ADESA Timed, the latest enhancement to ADESA’s growing digital wholesale platform. The Carvana subsidiary highlighted ADESA Timed builds on the success of ADESA Clear, extending ADESA’s timed digital auction offering to wholesale sellers. ADESA Timed can enable consignors, including financial institutions, fleets, rental companies, and dealer groups, to use ADESA’s timed […] [Read More]

UCDA is now the United Car Dealers Association. UCDA, known for more than four decades as the Used Car Dealers Association of Ontario, officially confirmed its name change on Monday, just before the opening of Canada’s Used Car Week in Toronto. For the organization founded in 1984 by seven dealers as a not-for-profit association, one […] [Read More]

DROS.ai said it understands that the debt collection industry is grappling with compliance challenges arising from the use of artificial intelligence voice agents. The company also acknowledged that organizations face significant risks of violating requirements under the Fair Debt Collection Practices Act (FDCPA) and similar regulations when AI systems operate without adequate customer context and […] [Read More]

Bank of America recently rolled out three new tools designed to simplify access to credit monitoring, provide greater flexibility for managing large purchases and reward loyalty. When describing Refer-a-Friend, Custom Pay Plan and My Credit, Holly O’Neill, president of consumer, retail and preferred at Bank of America said, “With these tools, we’re rewarding our clients […] [Read More]

Just like how extensions are growing for consumers to make their monthly car payments, America’s Car-Mart also gained an extension to get its finances in order. The buy-here, pay-here dealership chain previously had until Friday to secure new credit. Late that day, the company said through a filing with the Securities and Exchange Commission that […] [Read More]