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Black Book’s Used Vehicle Retention Index registered at 113.6 in April, 1.4% higher than it was a year ago but 0.2% lower than in March.
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A bankruptcy court ruling allowing two captives to reclaim inventory has officially closed the doors on Tate’s Auto Group after more than 40 years in business.
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Brady Ware Dealership Advisors has created a cross-departmental consulting group, offering dealers ‘strategic improvements’ to directly increase profits and brand value.
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The American Bar Foundation has named Hudson Cook co-founder Tom Hudson as a fellow, adding the carlaw practitioner to an elite group of attorneys, judges, law faculty, and legal scholars.
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National Automotive Experts and NWAN named former Ford and CarSaver executive Grant Grigorian as the F&I product provider and administrator’s new chief financial officer.
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This year’s Industry Summit will be held Nov. 4–6 at the New Orleans Marriott, offering the nation’s premier advanced F&I training curriculum, new and returning tracks and events, and free admission for the first 100 dealers and general managers who sign up when registration opens this summer.
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The annual forecast for U.S. light-vehicle sales fell to 16.41 million as volume fell 2.3% year-over-year in an April that was expected to bring the year’s first gain following an underwhelming first quarter.
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Edmunds analysts say it keeps getting harder for shoppers to afford a new car as prices continue to rise and interest rates remain elevated.
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OfferUp’s latest addition to its Automotive Dealer Program was designed to help retailers harness the power of artificial intelligence and machine learning.
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Generations Digital’s new report format was designed to hold lead vendors accountable while offering dealers easy-to-understand data.
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