Editor's Note: This is a special online preview, available only to CMG Premium subscribers, of Auto Remarketing's upcoming special print edition for the NAAA Convention. The excerpt below is Part I of the feature. Stay tuned for Part II. Tricia Heon is no stranger to the auto auction industry, nor is the industry a stranger to […] [Read More]

For the first time this year, S&P Dow Jones Indices and Experian spotted a rise in auto defaults. But the uptick analysts noticed was the smallest amount possible. [Read More]

“Your mom is a used-car salesman.” No, that’s not meant to be a lunchroom jab from your grade-school days. Quite the opposite, in fact. It’s actually just one example of the messaging from CarLotz’s first major brand campaign, which aims to debunk pre-conceived notions about pre-owned and emphasize that “it feels good to be a used-car […] [Read More]

In addition to announcing its first EchoPark Automotive retail hub location in Nevada this week, Sonic Automotive said Thursday that starting Sept. 1, it will increase its minimum employee wage to $15 an hour. The retailer has approximately 8,500 teammates working at its franchised dealerships and EchoPark locations across the country. “Our people are our greatest asset, […] [Read More]

The significant rise in wholesale prices experts have been discussing for much of the year spilled into auto financing. According to Experian’s latest State of the Automotive Finance Market report released on Thursday, analysts spotted notable increases in several categories with used-vehicle financing. [Read More]

Byrider decided to have some fun this summer while helping to bring some enjoyment to children in a trio of areas where the company has buy-here, pay-here dealerships. Byrider recently wrapped up a successful week of volunteer efforts at Boys & Girls Clubs in three of its major markets, as associates in Cleveland, Cincinnati and […] [Read More]

FIX4 Capital wants to help Canadians get the finances they need to keep their vehicles running properly. And Wednesday, the firm secured its own financial resources to do it along with expanded leadership that includes a familiar name from the Canadian wholesale market. The company founded early last year to provide affordable and flexible car […] [Read More]

KAR Global certainly appears to have an interest in more than just the Canadian wholesale market stemming from its investment decisions. On Wednesday, Canada Drives, an online car shopping and to-your-door delivery platform, announced the close of $100 million in funding, led by Jeffrey Housenbold’s Honor Ventures with participation from KAR and other strategic investors. […] [Read More]

Though still up considerably from year-ago levels, wholesale vehicle prices in the first half of August were down slightly from the full month of July. That’s according to the mid-month reading of the Manheim Used Vehicle Value Index. Through 15 days of the month, the index was at 193.7. That’s up 18.3% from the midpoint […] [Read More]

TradePending, which provides vehicle valuation and merchandising software to car dealers, said Wednesday it has added former CDK Global and AutoNation executive Ron Frey and AutoHook founder David Metter to its board. Frey — who in his current role as principal at RL Frey, Inc. is working as a business and transaction advisor, automotive strategist and […] [Read More]