A new brand campaign from digital auto marketplace CarGurus aims to showcase how the site enables shoppers to "do more of car buying and selling online," from the comfort of their home office — or even their home's couch, for that matter.  The "Do More From Home" campaign launched Tuesday with four spots: "Home Office," "We Need Space," "Family" and […] [Read More]

America’s Car-Mart began October by expanding its buy-here, pay-here dealership footprint in Oklahoma with the first new store opening of its 2022 fiscal year. Car-Mart’s 152nd dealership came aboard as the company recently purchased the ongoing assets of The Car Man LLC in El Reno. This location will be Car-Mart’s 29th dealership in Oklahoma. “We are […] [Read More]

Here’s another information source used-car managers can use to create the best possible inventory for their stores. On Tuesday, autoniq — a business unit of KAR Global — announced the launch of the autoniq Wholesale Index, which is a new product that can provide direct access to auction data on vehicles sold at auction — […] [Read More]

Charlotte, N.C.-based Sonic Automotive is pushing growth of its pre-owned only branch — EchoPark Automotive — with the opening of a new delivery center, this time in New Orleans. This delivery center opening — the first in the state of Louisiana and the 31st for EchoPark — is a reflection of the dealer group's continued effort to […] [Read More]

The wave of M&A activity has been one of the biggest storylines in the auto industry this year, particularly among dealers and dealer groups, and that continues as October gets underway. Starting with some news involving CarMax, the retailer has finished divesting its new-car dealership franchises with the sale of CarMax Kenosha Toyota to the Rydell […] [Read More]

The newest addition at Cherokee Media Group knows first-hand how complex and fast-paced the used-vehicle industry is. Dana Nusbaum previously worked at IAA’s facility in Wilmington, N.C., performing every job function from title work to writing condition reports to even climbing aboard a forklift to move salvage vehicles. Now Nusbaum is an account executive with […] [Read More]

AutoCanada, who currently operates 66 franchised dealerships covering 27 brands, just purchased a new collision center located in Airdrie, Alberta.  The dealer group announced the acquisition of Airdrie Autobody, which has been serving the Airdrie community for over 25 years, and is located close to a total of seven of AutoCanada's stores. These include: Airdrie Chrysler Dodge […] [Read More]

With the third quarter having closed on Thursday, Edmunds noticed four intriguing auto-finance trends, as each metric established new records in its database. Analysts explained that these trends surfaced because consumers are paying more than ever to finance used vehicle purchases as tighter inventory and fewer discounts in the new-vehicle market push shoppers to seek […] [Read More]

The Department of Justice made a pair of announcements last week, with one involving Santander Consumer USA and the Servicemembers Civil Relief Act (SCRA). According to a news release, the finance company’s Chrysler Capital division has agreed to pay more than $134,000 to settle a federal lawsuit alleging that the company denied early vehicle lease […] [Read More]

J.D. Power sees competition for paper among finance companies as intense as ever, especially with monthly retail sales of new vehicles down 30% from pre-pandemic levels. According to the J.D. Power 2021 U.S. Dealer Financing Satisfaction Study, finance companies that find ways to form close relationships with dealers and deliver consistently high service levels are […] [Read More]