While it’s still noteworthy that wholesale prices continue to soften, what might be more interesting to consignors, dealers and other participants in the wholesale market are the specifics Black Book mentioned on Tuesday. Analysts shared through the newest installment of Market Insights not only how much vehicle prices decreased, but also some details about which […] [Read More]

Inovatec Systems Corp. recently announced it has joined the Canadian Lenders Association (CLA), which is comprised of more than 170 companies representing Canadian lenders in categories such as auto, consumer, home, and mortgages. According to a news release, many of Inovatec’s current clients are existing CLA members, which will give these lenders additional insights into […] [Read More]

Sonic Automotive said Tuesday it has opened an EchoPark Automotive delivery center in Austin, which marks the seventh Texas location for Sonic’s standalone used-car program. The retailer plans on opening approximately 25 EchoPark locations a year (including 20 delivery centers and five medium or large retail hubs) from 2021 to 2025. The company anticipates covering 25% […] [Read More]

Two more dealership service providers became part of the CDK Global Partner Program, which provides its partners with access to a diverse CDK ecosystem through the ability to integrate with a range of CDK applications, as well as with CDK dealer and third-party websites. The two newest additions to come on board Tuesday include Arcade, […] [Read More]

Lithia is tackling Dallas expansion with the help of a former New York Giants linebacker.  In an update Tuesday, Lithia & Driveway said it added two open points in Texas, including one in which it teamed with former NFL star Jesse Armstead. For its new Grapevine Honda store in the Dallas-Fort Worth market, Lithia partnered with […] [Read More]

TransUnion sees consumers who rent where they live as constituting as much as half of the individuals who possess non-prime or lower credit profiles; if they even have a credit score at all. Credit bureau analysts see that if rent payments were included in these consumer reports, the number of individuals who fall into lower […] [Read More]

Federal government support and other aid from the financial world are continuing to subdue bankruptcy filings. [Read More]

AutoCanada has purchased Ontario independent dealer Mark Wilson’s Better Used Cars, a move the retailer says augments its plans of building its Used Digital Retail Division. This is the second independent dealer AutoCanada has purchased. In a similar move, the group bought Haldimand Motors, also an Ontario independent dealer, in December as part of its […] [Read More]

One of the reasons Cherokee Media Group added the National Auto Venture & Investors Conference (NAVIcon) was because of how much investment activity is happening in automotive nowadays. Another development surfaced on Monday, as Turo announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission relating […] [Read More]

Dealers Auto Auction Group’s first-ever facility in the Carolinas is set to host its inaugural sale next week. Dealers Auto Auction Columbia, the group’s eighth overall auction, will feature more than 300 vehicles in its debut sale Monday, including consignment from dealers and commercial accounts like ARI, Element Fleet and U-Haul. The auction, located in […] [Read More]