Lane watch: Values appreciating above pre-pandemic levels
Wednesday, Apr. 2, 2025, 03:36 PM
Dealer news: AutoNation acquires last of Summit’s Groove stores; dealerships sold in Minn., Mich., Ark.
Wednesday, Apr. 2, 2025, 01:53 PM
Proficient Auto Logistics calls acquisition of Brothers Auto Transport a ‘milestone’ in its growth
Wednesday, Apr. 2, 2025, 03:06 PM
SPONSORED EPISODE: Allied Solutions recommends compliance vigilance amid regulatory shifts
While leadership has changed at both the Consumer Financial Protection Bureau and the Federal Trade Commission, Allied Solutions suggested that auto-finance companies stay vigilant about compliance, especially with complex activities like ancillary product refunds. In this special sponsored episode of ... Listen Here
Path to challenging the status quo and finding company value
We wrap up our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a panel focused on “Challenging the Status Quo and Uncover Your Company’s Value.” The conversation features Brennan Hamilton of Rapid ... Listen Here
Modern strategies to maximize dealer profit
We wrap up our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a presentation dedicated to modern strategies to help dealers maximize their profits. Sharing those best practices are two experts from ... Listen Here
Retail
CarMax earns 21st consecutive Fortune Best Companies to Work For recognition
CarMax’s credentials as an employer are hard to argue with. The national used-car retailer has added another accolade in that area this week, as Fortune magazine and Great Place To Work have named CarMax as one of the 100 Best ... [Read More]
Dealer news: AutoNation acquires last of Summit’s Groove stores; dealerships sold in Minn., Mich., Ark.
AutoNation’s already formidable presence in the Denver market has grown again. The nationwide auto retailer said it has acquired Groove Ford and Groove Mazda in suburban Englewood, Colo., from Summit Automotive Partners. With the new additions, AutoNation now operates 22 ... [Read More]
Wholesale
Lane watch: Values appreciating above pre-pandemic levels
Black Book said overall wholesale values didn’t accelerate higher as much last week as they did earlier in March. However, analysts said those gains are still above pre-pandemic levels of appreciation for this time of year. And then this week, ... [Read More]
Proficient Auto Logistics calls acquisition of Brothers Auto Transport a ‘milestone’ in its growth
Auto transport and logistics provider Proficient Auto Logistics has acquired Brothers Auto Transport, a move the company said is intended to expand its fleet and base of drivers, and strengthen its presence in Northeastern markets. Brothers, founded in 1996 and ... [Read More]
Technology
COMMENTARY: What’s preventing more auto retailers from additional cyber defense?
Sure, technology is rapidly advancing in the automotive retail and lending industries, but this evolution has also brought about new challenges in cybersecurity. The ransomware event in the summer made many headlines, and since then the entire industry is taking ... [Read More]
One Guard’s new system offers remote video inspections with certified mechanic
One Guard Inspections, a Repair OnDemand company, has introduced Priority Inspections, a system tailored for third-party administrators, auctions, dealerships and repair shops designed to offer a faster, more flexible alternative to vehicle inspections, providing the accuracy and reliability of in-person ... [Read More]
Financial
J.P. Morgan powers Danish firm’s move into U.S. to boost EV charging payments
A Danish company is bringing its payment technology for electric vehicle charging to America, with help from J.P. Morgan. The financial services firm said Monta an EV charging platform based in Denmark, is expanding to the U.S., aiming to strengthen ... [Read More]
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
Cars.com identifies best value vehicles as tariff price increases loom
With vehicle affordability already an issue and tariffs on the way, car shoppers are certainly on the lookout for value. Cars.com’s answer to that call is its 2025 Affordability Report: Best Value New Cars, a guide designed to help consumers ... [Read More]
Report shows dealership profits, values still far above pre-COVID levels
While dealership buy-sell transactions were down for the third year in a row, the market had one of its most active years ever in 2024, according to the latest data from Haig Partners. The buy-sell advisory firm’s Q4 2024 Haig ... [Read More]
