The publicly traded dealer groups have started reporting quarterly earnings and Auto Remarketing will be sharing the used-car results of each retailer. That begins with Asbury Automotive Group, which reported second-quarter results Tuesday, including a double-digit spike in used-vehicle retail ... [Read More]

Three dealerships are changing hands in the Southwest. Bender Chevrolet GMC, Bender Chrysler Dodge Jeep Ram and Bender Honda Nissan in Clovis, N.M., have been sold to Frank Pena and Brad Bender, according to a news release from Pinnacle Mergers ... [Read More]

CarDr, an automotive diagnostics technology company, announced last week it has launched an Auction Arbitration Risk Report, which can help auctions and dealerships find hidden mechanical exposure before a car enters a sale. This standalone diagnostic intelligence validates findings from ... [Read More]

Black Book again used the words “healthy’ and “increasingly selective” to describe what’s going on in the wholesale market, which posted a 0.48% dip in overall prices last week. According to its latest installment of Market Insights released on Tuesday, ... [Read More]

Morgan Stanley Expansion Capital has acquired a majority stake in Conversica after leading a major recapitalization of the company, which is an artificial intelligence platform for auto retail. Conversica’s management team has retained a “significant ownership position” and will continue ... [Read More]

Add DAS Technology to the list of service providers that have revamped their offerings in part because of a crackdown on vehicle pricing orchestrated by the Federal Trade Commission. The company on Thursday highlighted a segment of the newly launched ... [Read More]

Like NASA’s Artemis II mission in April, retail used-car prices rocketed into orbit this spring. And slowly but surely, “they’ve come back to down to earth.” Just not at astronomical speeds, says CARFAX, known for its history reports on more ... [Read More]

Record new-car prices, says Catalyst IQ, have led to greater consumer emphasis on “affordability, fuel-efficiency and value.” And that includes stronger demand for used cars, which hit their quickest turn times in nearly three years, the automotive analytics and marketing ... [Read More]