Retail

Dealer news: Ala. dealership becomes United Way Star; Midway Motors grows in Kan.

An Alabama dealership has become a star when it comes to raising funds for charity. Howard Bentley Buick GMC was presented with the Star Award for the most improved 2024-2025 workforce campaign by the United Way of Marshall County, for ... [Read More]

Wholesale

Auction roundup: Awards from Exeter & ACV’s stock move

Exeter Finance recently announced its 2024 Auction eXcellence Awards, honoring seven operations. The recipients included: Division I: United Auto Exchange Division II: Oklahoma Auto Exchange Division III: ADESA Salt Lake Exeter Most Improved (EMI):  All Valley Dealer Auto Auction Play ... [Read More]

Technology

CarMax among investors in Carpool Logistics’ $12M funding round

A vehicle shipping marketplace received a $12 million investment this week. Carpool Logistics announced it has raised $12 million in Series A growth capital in a round led by Wavecrest Growth Partners, with participation from CarMax, Impel founders Devin Daly ... [Read More]

Financial

EFG launches program that guarantees PRU increase for dealers

With dealership profitability down over the past two years, EFG Companies wants to give auto dealers a way to boost their personal wealth creation strategies. To that end, the F&I and reinsurance provider has introduced its Wealth Builder Profit Participation ... [Read More]

Analysis

Used EV prices plummet as overall used market stabilizes, study finds

Looking for an affordable used car? You might want to go electric. The latest research from iSeeCars shows used EV prices fell 15.1% over the past year, while the cost of gasoline and hybrid vehicles dropped just 0.5%. The analysis ... [Read More]

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