When Asbury Automotive Group says “trust me”, they’ve got an award to back them up. The dealership group was selected by Newsweek for its World’s Most Trustworthy Companies 2024 list, ranking 27th among the 52 companies named in the Vehicles & Components industry. “It is an honor to receive the title of one of the […] [Read More]

Along with revisiting what’s going on with 2023 and 2024 model year full-size pickups, Black Book gathered its wholesale market observations while some of the company’s top executives and experts were in Scottsdale, Ariz., for Used Car Week. What Black Book reported on Tuesday was an overall wholesale market decline of 0.46% last week, which […] [Read More]

AutoCanada continued its drive toward a return to profitability by shedding another Stellantis dealership. The dealership group said it has sold Okanagan Chrysler Dodge Jeep Ram in Kelowna, British Columbia, to Kot Auto Group for $10 million in cash, a move it called a “strategic divestment” that “supports AutoCanada’s focus on enhancing profitability and lowering […] [Read More]

Launched last week in Scottsdale, Ariz., during Used Car Week, Big Time Advertising rolled out its newest marketing solution tailored for independent and buy-here, pay-here dealerships. The company introduced Best Used Cars and its innovative platform GetBestUsedCars.com, which can empower independent dealers to seamlessly manage their vehicle feeds with speed, reliability, and total control. The […] [Read More]

On Monday, Southern Auto Finance Co. (SAFCO) welcomed Brian Hopper as its new senior vice president and chief risk officer, bringing more than 20 years of expertise in risk management and strategic portfolio oversight to the company that specializes in subprime auto financing. Prior to SAFCO, Hopper held senior roles in business risk, analytics and […] [Read More]

Ford was the big winner in Vincentric’s 12th annual Best Certified Pre-Owned Value in America Awards. And when I say big, I mean big — as in trucks and vans. Ford owns the CPO awards for the largest vehicles, claiming the Best CPO Value Truck Brand for the fifth time and the Best CPO Value […] [Read More]

The degree to which a vehicle’s price changes month-over-month might be more telling, in some cases, than the year-over-year change. Especially if that month follows a U.S. presidential election. With that in mind, CARFAX has added month-over-month insights to its Used Car Index reports, the first major change in these recaps since their April 2023 […] [Read More]

Is this a new holiday tradition? For the fourth consecutive November, Lexus and Honda are at the top of their class when it comes to retaining value, claiming the top prizes in the J.D. Power 2025 U.S. ALG Residual Value Awards. Lexus again earned the award as the best premium brand, while Honda was named […] [Read More]

A major dealership group just got a little bigger. Keating Auto Group, one of the largest dealers in Texas, has acquired Buckalew Chevrolet in Conroe, Texas, a transaction announced by Kerrigan Advisors, which represented the seller. Keating, based in Victoria, Texas, operates 30 dealerships in the state, as well as an insurance company an advertising […] [Read More]

Kansas City. Houston. Las Vegas. And now: Boston. Carvana announced last week that it is planning for an auction and reconditioning Megasite at its ADESA Boston location, which will include Carvana’s Inspection and Reconditioning Center (IRC) capabilities at the existing site along with maintaining all digital and in-lane auction operations. ADESA Boston, located near downtown […] [Read More]