From No. 482 to No. 123. Lithia & Driveway is moving up on the Fortune 500, announcing Tuesday that it is now ranked 123rd on the 2026 edition of the list, up nearly 350 spots since its debut on the list in 2015. “As we continue to strengthen our position among the nation’s largest companies, […] [Read More]

The leader of Group 1 Automotive’s used-car operations now has an expanded role. The retailer said Thursday that Bob Andersen has been promoted to vice president of corporate development and pre-owned operations. Andersen’s most recent post was as Group 1’s national director of pre-owned operations. With the expanded role, he will now also head up […] [Read More]

Strengthening, but not quite to the same level as the overall industry. That’s the story around wholesale prices and retention for electric vehicles this spring, according to the latest AuctionNet data from the National Auto Auction Association. Overall wholesale auction prices came in at $20,200 in May, NAAA said, which was down 2.1% from April. […] [Read More]

The Dealertrack Credit Availability Index for May rose sequentially for the second month in a row to land at its highest level since April 2022. But the share of contracts to subprime consumers declined for the second consecutive month. Cox Automotive data released this week showed the subprime share in May slid 70 basis points […] [Read More]

Edge Focus made its way into auto finance this week. The technology-enabled private credit firm focused on consumer assets announced a loan partnership with what it called “a large private credit manager” to expand its auto program through the purchase of consumer auto receivables. Management said the partnership marks a major milestone for Edge Focus, […] [Read More]

The latest appearance on the Auto Remarketing Podcast by Melinda Zabritski, Experian’s head of automotive financial insights and Automotive Intelligence Award recipient, focused on auto-loan terms, which oftentimes are at least 72 months nowadays. Zabritski also compared a data point from Experian’s latest report to the same reading recorded 10 years ago to find the […] [Read More]

Dealers in need of vehicles for their certified pre-owned programs will likely be encouraged by this news: Wholesale sales of vehicles from commercial consignors are up 15% through five months of 2026, with a particularly strong surge in late-model and near-new vehicles, according to the latest AuctionNet data from the National Auto Auction Association. NAAA […] [Read More]

AutoCanada is making some Thunder in its collision repair business. The dealer group said Wednesday it has acquired Mascarin Collision Centre in Thunder Bay, Ontario, giving AutoCanada its first collision repair presence in the city. Calling it a “key gateway to Northern Canada,” AutoCanada said the addition of Mascarin gives the retailer “a platform for […] [Read More]

The c-suite revamp at Credit Acceptance continued on Wednesday with the appointment of Joe Billante as chief financial officer, effective July 27. Billante succeeds Jay Martin, who will retire on July 27 after 23 years with the subprime auto finance company. Credit Acceptance has announced several retirements in recent months, including chief executive officer Kenneth […] [Read More]

America’s Car-Mart has already closed 60 dealerships since November in three separate moves that leadership said was, “because they are the right thing to do for the long-term health of this business.” But if the buy-here, pay-here operation doesn’t secure new financing by the close of business on Friday, Car-Mart might not have a car […] [Read More]