Asbury Automotive Group’s used-vehicle sales, revenue and gross profit declined in its first quarter that ended, March 31, when compared to the first quarter of 2024. But as the dealership group pointed out, it completed six dealership divestitures in 2024 that represented an estimated $225 million in annualized revenue and two divestitures in the first quarter of 2025. The company’s quarterly gross profit of $1,587 per used unit retailed represented its ... [Read More]

Black Book reported on Tuesday that wholesale prices for both cars and trucks have now increased for nine consecutive weeks, which includes the stretch when values often peak then level off going into summertime. With overall prices climbing another 0.11% last week, Black Book also mentioned in its newest installment of Market Insights that the […] [Read More]

Carvana can’t get enough of pickleball. The online used-car retailer announced it has extended its title sponsorship agreement with the Professional Pickleball Association with a new multi-year deal. Carvana’s association with the PPA Tour began in 2022, a partnership the company said “has helped propel pickleball to new heights as America’s fastest-growing sport.” The new […] [Read More]

Believe it or not, the most driven vehicle in America is a minivan. And so are the second- and third-most driven. The latest study by iSeeCars set out to identify the 3-year-old vehicles that have logged the most — and least — miles and analyze the average cost per 1,000 miles driven based on their […] [Read More]

EDITOR’S NOTE: This story is part of the May edition of Auto Remarketing, which will focus entirely on a new special feature: Who to Watch. This special feature will recognize auto industry executives and companies — selected by Cherokee Media Group’s senior editors — who are significantly shaping the future of the used-car industry. This […] [Read More]

Nordis Technologies appointed three executives last week, saying the moves reflect the company’s commitment to scaling its operations and enhancing its service delivery to support continued growth. The personnel additions by the omnichannel customer communications management and payments technology solutions provider included: —Chris Burgess as senior director of information technology and security —Alissa Embry as […] [Read More]

On Tuesday, Informed.IQ announced a partnership with Suncoast Credit Union. The provider of artificial intelligence for automation in auto finance and one of Florida’s largest credit unions now are working together to enhance funding efficiency and dealer satisfaction — without the need for heavy tech implementation. According to a news release, this collaboration leverages Informed’s […] [Read More]

Federal Reserve governor Adriana Kugler gave a speech on Monday at the International Economic Symposium, cohosted by the National Association for Business Economics and the Central Bank of Ireland. Kugler offered several reasons why the U.S. economy isn’t exactly dancing a jig nowadays, referencing automotive to support her analysis. Kugler told attendees at the event […] [Read More]

Dennis Thornhill, a longtime auto industry veteran with Toyota Motor North America, has joined Pinnacle Mergers & Acquisitions as an executive advisor. In a news release, Pinnacle said Thornhill will use his extensive experience in dealer operations, franchise policy and market representation to guide clients through complex transactions. The firm said his longstanding relationships with […] [Read More]

April was the strongest month for wholesale auction sales since the early days of COVID-19, driven by a surge in dealer sales not seen in over a year-and-a-half, according to the National Auto Auction Association. In its latest AuctionNet data and analysis, NAAA said there were 652,315 wholesale auction unit sales last month, which beats […] [Read More]