Auction Edge and Carbly have teamed up to launch the Pipeline Market Report, a vehicle pricing guide powered by sale data from independent auctions. The data is composed of near real-time results from Auction Edge partner auctions, with pricing based on actual transactions, the companies said in a news release. “Independent auctions are moving so […] [Read More]

The potential for electric vehicles seemingly is giving fleet operators quite a jolt of interest. On Tuesday, behavior and analytics advisory firm Escalent released the latest findings from its Fleet Advisory Hub, a platform designed to explore the needs, expectations and emotions of commercial and fleet vehicle decisionmakers. [Read More]

Autumn 2021 is proving to be completely atypical, with wholesale values rising for the ninth week in a row, as Black Book pointed out  on Tuesday.  But obviously, dealerships still need used vehicles to retail, so along with the latest pricing information, Black Book also touched on where used-car managers might be able to find the […] [Read More]

Lithia Motors & Driveway and AutoNation respectively announced record third-quarter earnings in October, with both retailers crediting their used-vehicle business for helping them address supply issues. “Our operational teams executed our best-in-class used inventory procurement model to source and recondition a large volume of used vehicles in a highly cost-effective manner,” Bryan DeBoer, Lithia & […] [Read More]

America’s Car-Mart raised the goals for its Holiday Toy Drive, which is now in its 13th year of being orchestrated during November by the buy-here, pay-here dealership group. Since 2009, Car-Mart said in a news release that it has collected thousands of toys for kids at children’s hospitals. This year, Car-Mart’s goal is to collect […] [Read More]

TRADE X, a Canada-based cross-border automotive trading platform, said Tuesday it has teamed up with Alliance Inspection Management for used-car inspections in North America. Under the partnership, AiM will be the inspection provider for all TRADE X transactions in the U.S. and Canada. “AiM’s third-party condition reporting will help us serve our customers better by […] [Read More]

First Investors Financial Services Group now officially is a captive finance company. Stellantis announced late on Monday that it completed the acquisition of the company that previously specialized in subprime auto financing. As a result of the transaction first revealed on Sept. 1, First Investors now will be known as Stellantis Financial Services US Corp. […] [Read More]

At Roger Beasley Mazda South and its sister stores within the Roger Beasley Imports group, certified pre-owned is not a last-ditch effort or a “save-a-deal” strategy.  In fact, it’s presented right up front as a viable option — even when the customer is looking for a new car. “On the first or second pencil, however […] [Read More]

Swapalease.com determined the approval rate in September for site users taking over a vehicle lease came in at the same level as it was a year ago. Site officials said last week that the September rate approval stood at 67.6%. While maintaining the pace year-over-year, Swapalease reported that the rate actually softened a bit on a […] [Read More]

The National Auto Auction Association recognized Auctioneer of the Year Award winners last week at Charleston Auto Auction during an event that also included a visit from South Carolina Gov. Henry McMaster. Receiving the awards on Friday were Billy Carver and Bennie Smoak. The award is named after Bernie Hart, who was the executive director […] [Read More]