The number of vehicles entering the auction market these days is down significantly, and in its Used Market Update released Thursday, J.D. Power explains why. There were approximately … [Read More]

Tom Kontos’ “parity” projections for the wholesale market are coming to fruition. The KAR Global chief economist explained his thinking in the latest Kontos Kommentary that showed how average wholesale prices surged past $15,000 in May after passing the $14,000 for the first time ever just a month earlier. [Read More]

For 54 consecutive weeks, there was neither a car nor a car dealer that passed through the lanes of McConkey Auction Group’s DAA Seattle or DAA Northwest locations in Washington state — which was the “initial epicenter” of the COVID-19 pandemic in the U.S. But after closing completely for two months and re-opening in the […] [Read More]

Dominion DMS president Sharon Kitzman joins the show to talk about the company's VUE DMS, findings from the 2021 DMS Dealer Sentiment Survey and much more. Earlier this month, the company released results of its 2021 DMS Dealer Sentiment Survey, a commissioned independent study involving 220 DMS decisionmakers from dealerships to determine attitudes toward their […] [Read More]

Three large dealer groups are having a busy finish to June, not just related to meeting monthly and quarterly sales and revenue objectives. Lithia & Driveway acquired another franchised dealership, a top Asbury Automotive Group resigned and Holman Automotive opened a luxury brand rooftop. Beginning with Lithia, the publicly traded group announced its third store […] [Read More]

In addition to new digital retailing capabilities, Mitsubishi Motors Sales of Canada has named a new president and chief executive officer. The company announced Thursday that Kenji Harada, who has been the MMSCAN’s chief operating officer since April 1, would become acting president and CEO immediately, and then officially assume the post on July 1. […] [Read More]

Is the Consumer Financial Protection Bureau “changing the rules of the game” when it comes to subprime auto finance securitizations? That’s one of the many questions explored during this podcast with Davis+Gilbert partner Joseph Cioffi, orchestrator of the Credit Chronometer and the recently released market study, summarizing the views of more than 100 originators, investors, […] [Read More]

Shaun Petersen made the transition from the National Independent Automobile Dealers Association to Buckeye Dealership Consulting last fall. Now, Chuck Bonanno and David Brotherton are doing the same thing. According to a news release distributed on Monday, the provider of reinsurance and F&I products for independent dealers announced it has hired industry experts Bonanno and […] [Read More]

Sam Samarghandi is a buyer at Nexcar in Houston. Samarghandi described how he’s benefitted from high-resolution, optimized 3D images generated by Fyusion and available through Manheim Express. Samarghandi shared his perspectives through a news release from Fyusion, which announced it has surpassed 1 million 3D vehicle images created for Manheim Express, a digital app for […] [Read More]

No matter if your dealership customers are looking for a practical crossover, a rugged pickup truck, a fun performance car or anything in between, Autotrader thinks the current used market still has excellent options despite the industry turmoil over microchips and high wholesale prices. To help your potential buyers find that perfect match, Autotrader named […] [Read More]