Brad Miller joined ComplyAuto a little more than a year ago after being with the National Automobile Dealers Association. Now, Miller is co-CEO of the regulatory compliance firm developed “for dealers, by dealers.” ComplyAuto announced Miller has been appointed co-CEO, joining founder Chris Cleveland. Miller retains his title as chief legal officer, and Cleveland assumes […] [Read More]

Not long ago, a very nice lady walked into Mark Wilson's Better Used Cars in Guelph, Ontario, wanting to buy a car. She told the dealership staff she owed $10,000 on her trade-in. Well, general sales manager Andy Mazak thought, we can make that work. “But when we went and pulled the lien, it was $22,000,” Mazak said during a panel discussion titled “Credit is Tight. Negative Equity is the New Normal. Now What?” at Canada’s Used Car Week 2025 in Toronto. “So just a little bit offside. Just a tad bit. “You know, we never want to ... [Read More]

The term “lifestyle” is a useful prompt if you’re looking to fire up your imagination and generate mental images of people. When we hear about a person with an active lifestyle, we think of someone who is focused on fitness or outdoor activities. Someone living a digital lifestyle is typically an early adopter of the […] [Read More]

Bill Eager, the current CEO of Carfax, will become president of parent company S&P Global Mobility on Aug. 15, and then CEO designate when Mobility is spun off into a standalone public company. S&P Global announced in April it plans to spin off its mobility business unit — which includes brands like CARFAX, automotiveMastermind, Polk […] [Read More]

With the second half of the year well underway, EFG Companies recapped the top five questions dealer principals are asking the F&I development, training, product development, compliance and product administrator. Based on dialogue from more than 1,600 retail automotive and powersports dealers, EFG addressed those five questions with recommendations. Experts said success during the remainder […] [Read More]

In the beginning, vehicles were available to purchase for cash for those with means. Then in 1919, General Motors Acceptance Corp. was created, and car purchases could be financed for the buyer. In the 1980s, consumer vehicle leasing was introduced, and although leasing took a while to catch on with the public, with a bit […] [Read More]

Committees not coming to a unanimous decision is common. But what happened at the Federal Reserve on Wednesday involving the decision by the Federal Open Market Committee to leave the federal funds rate unchanged hasn’t unfolded in three decades, according to the American Financial Services Association. Fed governors Michelle Bowman and Christopher Waller — the […] [Read More]

Auto auction sale conversions have become a rare thing in Canada. In its weekly Market Insights report, Canadian Black Book reported a miniscule average monitored auction sale rate of 23.5% during the week ending July 26 — by far the lowest of the year. Even more remarkable, the highest recorded rate was a mere 27%, […] [Read More]

Consumers are shelling out more on used vehicles this summer, especially if the new-to-them ride is an electric/hybrid or luxury vehicle. That’s according to the latest Carfax Used Car Index, which showed widespread year-over-year used-vehicle price increases this month. The largest was for used hybrids and EVs, whose prices in July were up close to […] [Read More]

CarGurus’ current marketing campaign is back for round 2. The digital car-shopping platform has released the second episode of “The Big Deal Show”, a three-part video series featuring entertainment and sports celebrities sharing their “big deal” moments — many of them behind the wheel of a vehicle. The new edition stars actor Josh Duhamel and actress/social media […] [Read More]