Lithia & Driveway has expanded its footprint to the Mid-Atlantic, announcing Tuesday it has purchased Sterling Luxury Group. The purchase of Sterling Motorcars, based in Loudon County, also gives Lithia a presence in the state of Virginia for the first time. In addition to BMW and Mini of Sterling, the acquisition brings three new premium […] [Read More]

While so much of what is impacting our daily lives nowadays can change quite quickly, Black Book is seeing the wholesale value and volume world settle into traditional seasonal patterns — at least for now. Before elaborating about specific vehicle-value movements, here’s how analysts summed up the scene in their latest COVID-19 Market Insights distributed on […] [Read More]

You might say the executive set to become the chief financial officer at CarLotz possesses a stylish and flavorful professional background that includes multiple mergers and acquisitions. Tom Stoltz, who has held executive positions at companies such as Food Lion and Citi Trends, has been appointed as CFO of CarLotz in a move that’s effective […] [Read More]

For the fourth consecutive year, Lexus has won the best certified pre-owned program award from U.S. News & World Report. Lexus won that category in the Best Vehicle Brand awards and Best Certified Pre-Owned Program award from U.S. News & World Report, which said it awarded Lexus the honor based on its lengthy warranty coverage, […] [Read More]

Wholesale vehicle prices remain at an elevated level in the first half of November, according to a mid-month reading of the Manheim Used Vehicle Value Index. Prices could slow in these last few weeks of 2020, according to analysis from J.D. Power's David Paris, but are expected to end the year stronger than where they […] [Read More]

In this episode of the Auto Remarketing Podcast, Becca Polak returns to the show to talk about her new role as chief commercial officer and general counsel at CarLotz, what stood out to her about the company and more. Plus, she talks about her experience serving on the board of the 2022 Indy College Football […] [Read More]

Among other factors, strong used-vehicle operations helped AutoCanada notch a solid third quarter, according to quarterly results announced by the retailer last week. Looking at the consolidated operational data, AutoCanada (which operates in both the US and Canada) retailed 8,836 used vehicles during the quarter, up 19.7% year-over-year. It sold 7,994 used vehicles in Canada […] [Read More]

The live sessions at Used Car Week, which began Monday with the concurrent Auto Fin Con and NAF Association events, continue Wednesday with a full slate of great presentations and panels. The virtual expo hall opens at 11 a.m. (ET), and the day gets rolling in earnest at noon with opening comments from Cherokee Media […] [Read More]

As the new chief digital officer for automotive logistics and services company ACERTUS, Blair Koch will lead digital transformation for the company. In the newly created position, Koch will support ACERTUS’s ongoing mission to lead the way in automotive logistics innovation. The company said the appointment comes at a time when it is experiencing expansion […] [Read More]

A buy-here, pay-here operator with four locations in the Chicagoland area evidently enjoyed a “small miracle” with the aid of TurboPass. Earlier this year, Chicago Car Center began using TurboPass reports to streamline the verification process in all of its locations in order to help its buyers get qualified for the right vehicle and the […] [Read More]