Auto Remarketing continues our reporting on 2020 used-vehicle sales for the public retailers, this time looking at Group 1 Automotive, which released its quarterly and full-year earnings report on Thursday. Group 1 has international operations, but for the purposes of consistency, we isolate the U.S. results for this story. And similar to what its peers […] [Read More]

A wholesale market expert who has appeared multiple times during the National Remarketing Conference and Used Car Week now is a part of the team at the National Independent Automobile Dealers Association. Among the three executive moves announced by NIADA on Thursday, the association said Larry Dixon has joined the organization as vice president of […] [Read More]

The Who song, “Won’t Get Fooled Again” ends with the words that I’ve chosen to be the title to this article, and through them, Pete Townshend sums up the subject of revolution by seemingly saying “the more things change, the more they stay the same.” I have been thinking about these lyrics a lot lately […] [Read More]

Black Book’s presence in the credit-union market strengthened on Thursday. The provider of vehicle pricing and analytics announced the integration of Black Book values into the Origence consumer LOS, a CU Direct brand. The companies highlighted in a news release that the Origence consumer LOS is a comprehensive loan origination system designed to improve the […] [Read More]

This week, personal finance website WalletHub released the first quarter installment of its Auto Financing Report, pinpointing the top 25 cities where consumers hold the highest amounts of auto-finance debt when analyzed against their income. The vast majority of the cities on that list of 25 — 14 locations to be exact — can be […] [Read More]

Make it 16 weeks straight declines for both car and truck/SUV segment group values. According to Tuesday’s Canadian Auto Market Update from Canadian Black Book, car values were down 0.26% last week, truck/SUV values fell 0.17% and the overall market decline was 0.22%. Despite the continued weekly softening in prices, the year opened with the […] [Read More]

The auto industry hit some bumps in the road during 2020, but there were some bright spots, including some positives in pre-owned.  Those were evident in earnings releases as the public dealer groups began reporting full-year results this week. For instance, Lithia Motors increased its used-vehicle retail revenue by 13.4% in 2020, and sold 7.5% more used […] [Read More]

Fueled in part by several vehicle segments showing value rebounds, Black Book reported on Wednesday that its Used Vehicle Retention Index for January ticked up month-over-month, prompting experts to declare spring’s arrival in the lanes (albeit not in the chilly, post-Groundhog Day outdoors). With values for two particular vehicle segments rising more than $80 during […] [Read More]

Carvana made its Louisiana debut on Wednesday. The online retailer announced it was bringing its as-soon-as-next-day touchless home delivery to Lafayette, then made three subsequent announcements that it was launching in the Louisiana cities of Alexandria, Lake Charles and Baton Rouge, as well. In the first announcement on Carvana’s offering in Lafayette, Carvana’s founder and chief executive officer Ernie […] [Read More]

The National Automobile Dealers Association for several years has kept a tradition of making a philanthropic donation to a local organization in the city where its NADA Show takes place. Last year, for example, NADA donated $50,000 to the Nellis Support Team in Las Vegas. That nonprofit organization supports airmen and their families at Nellis […] [Read More]