Mike Black and others in the auto industry know that supply chain and other issues that have hit the industry as a result of the pandemic have not eased up. Black, who is chief executive officer of Dent Wizard, mentioned various issues that have negatively affected the vehicle reconditioning industry and the auto industry as […] [Read More]

Retail vehicle demand has slowed, so that should lead to lower wholesale prices — right? Not necessarily, says Black Book. On Wednesday, the company released its Used Vehicle Retention Index for June, which climbed 1.5% month-over-over and 15% year-over-year to reach 191.5 points. That’s also 67% higher than pre-pandemic levels. All this amid slower retail […] [Read More]

The international share of car sales commanded by electric vehicles doubled last year, according to a new report from ResearchAndMarkets.com, which said their penetration climbed from 4.4% to 8.8% globally. In the U.S., there were 608,000 sales of electric vehicles last year, up from 308,000 the year before, according to the U.S. Department of Energy. […] [Read More]

automotiveMastermind, also known as aM, said Thursday it has launched a product that will allow dealers to reach out to consumers in their portfolios who have a vehicle with an open recall. Dealers will be able to view open recall data and then connect with the customer to schedule a repair appointment. The data will be […] [Read More]

Having just established new leadership, the American Recovery Association is continuing its proactive approach to serve its members, highlighting the potential pitfalls of a potential “edict” recently made by an unnamed auto finance company. The entire matter stems from recent bulletin distributed by the Consumer Financial Protection Bureau titled, “2022-04: Mitigating Harm from Repossession of […] [Read More]

The newest developments connected with DriveItAway have distinct Michigan connections. First, the provider subscription-to-purchase technology announced on Wednesday that it has launched its electric vehicle program with General Motors to offer the Chevrolet Bolt and Chevrolet Bolt EUV.  And the CARite dealer group, based in Madison Heights, Mich., with 32 locations in 14 states, is […] [Read More]

It was another week of price declines in the Canadian wholesale vehicle market, but with a twist. The week ending Friday marked the first time since mid-March that the decline in car segments was steeper than the drop in truck segments, according to the latest Market Insights report from Canadian Black Book. The overall weekly movement in […] [Read More]

Manheim named a new vice president of remarketing last week, promoting Marty D’Amato to the position. D’Amato has been with the company since 2019, when he joined to lead retail reconditioning operations for Manheim’s Texas market center. His background also includes time with Amazon, Serta Simmons Bedding and the U.S. Army. “Marty’s operational leadership and […] [Read More]

I took delivery of a new work truck about a year-and-a-half ago, back when dealerships were knocking off $5,000 from MSRP, not adding $7,500. Later on, I ordered new wheels, a drop-in bedliner and a tonneau cover to make it the way I wanted. But that’s nothing compared to what John Cena has done. Be […] [Read More]

This roundup of dealer news includes one group rolling out an online retail platform fueled by Cox Automotive’s technology, while another group is growing its footprint near the nation’s capital. Beginning on the acquisition front, Graham Holdings Co., announced on Wednesday that it has acquired a Toyota dealership and a Chrysler-Dodge-Jeep-Ram dealership in Woodbridge, Va., […] [Read More]