SPONSORED EPISODE: Leveraging F&I providers to manage inventory James Virgoe, who is senior vice president and managing partner of GWC Warranty at APCO Holdings, explained why F&I providers can provide dealers with more than just potential profitability through the finance office. Virgoe highlighted that F&I technology also can ... Listen Here
Navigating ‘difficult conversations’ in the used-car market We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a Speed Session featuring Dan Dionne, who is vice president of sales with RockED. Dionne acknowledged dealership salespeople often have to ... Listen Here
Where AI and used-car sales meet We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a Speed Session featuring Todd Smith, who is CEO of QoreAI. Smith explained how artificial intelligence now can swiftly match potential ... Listen Here

Retail

Dealer news: McGee Toyota’s new facility opens; CDK keeps Great Lakes Auto in fold

McGee Toyota’s new home is now open. The McGee Automotive Family this week announced the opening of McGee Toyota of Putnam in Putnam, Conn., the new home of what was previously McGee Toyota of Dudley in nearby Dudley, Mass. The ... [Read More]

JM&A launches program to help dealers provide health benefits for employees

Auto industry F&I and training provider JM&A Group has introduced a new plan to help dealers attract and keep employees. The Health Captive Program, part of JM&A Group Dealership Insurance Services, is designed to help dealerships provide competitive, cost-effective health ... [Read More]

Wholesale

Last month was best March since 2021 for auction sales & EV volumes hit all-time high

Last month was the strongest March for auto auction sales in four years, capping a first quarter that beat year-ago figures by nearly 5%, according to the latest AuctionNet data and analysis from the National Auto Auction Association. March also ... [Read More]

Who to Watch: ConditionReports.com adds seamless auction site listing to its wheelhouse

EDITOR'S NOTE: This is a special preview (available now to CMG Premium subscribers) of the May edition of Auto Remarketing, which will focus entirely on a new special feature: Who to Watch. This special feature will recognize auto industry executives and companies — selected by Cherokee Media Group's senior editors — who are significantly shaping the future of the used-car industry. This is not an awards issue, but rather a collection of special features on leading companies and executives from retail, remarketing, auto finance, loss mitigation, and investor segments of the industry. [Read More]

Technology

AVP’s redesigned website offers platform to access vehicle appraisals

Vehicle appraisal services provider Auto Value Professionals has launched a newly designed website to give drivers, attorneys, repair shops and classic car collectors a platform to access vehicle appraisal services nationwide. The company specializes in diminished value claims, total loss ... [Read More]

TSD announces upgrades to its rental car software for 2025

TSD Mobility Solutions announced its long-term strategic plan for upgrades to its rental car software products, including several to be released this year. The initiatives begin with the redesigned TSD RENTAL mobile app, launched this spring. In a news release, ... [Read More]

Analysis

Tariffs expected to take a toll on used-car supply — now and later

With a 25% tariff on imported autos in place, much of the focus has been on its effect on vehicle prices. But the supply of vehicle inventory, already an issue in the used-car sector, looms as a factor in both the short and long term. In 2024, used supply sank 8% year-over-year to end the year 28% below pre-pandemic levels, and in its original 2025 forecast, Cox Automotive projected that trend to continue as the impact of COVID-induced slowdowns in new-vehicle sales and production ripples through the used-car market. And that was before tariffs became a thing ... [Read More]

CARFAX data shows used-car sales, prices rising at twice the rate of last spring

Used cars are a hot item these days — even as their prices skyrocket. The latest data from CARFAX shows a surge in both used-car sales and prices that far outpaces typical seasonal patterns. The provider of vehicle history reports ... [Read More]
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