Retail

Dealer news: Rick Case Honda hits unprecedented milestone; California Toyota store changes hands

Rick Case Honda has reached an unprecedented milestone. The dealership in Davie, Fla., was presented with the Honda President’s Elite Award for the 16th consecutive year, the most ever for a volume Honda dealer. The award is based on the ... [Read More]

Wholesale

Record revenue for ACV as its tech innovations ‘hum along’

Like they have in recent earnings reports, ACV Auctions leaders during the company’s first quarter 2024 earnings call on May 9 continued focusing the discussion on the topics of growth, innovation and scale. The company calls those topics its three “pillars” of strategy to maximize long-term shareholder value. Company leaders focused a great deal of their first quarter earnings call comments on ... [Read More]

Technology

DAS Technology’s relationship with GM gets deeper

DAS Technology’s collaboration with General Motors is going deeper. All the way down into the data mine. The automotive technology company announced it’s expanding its partnership with GM by joining the automaker’s equity mining program. DAS said its consumer data ... [Read More]

Financial

DCG launches AI data-mining software for dealership valuations

Artificial intelligence is everywhere these days. Now it’s coming to the auto dealership buy-sell market. Retail automotive advisory firm Dave Cantin Group has launched an AI-powered data-mining software designed to provide data-driven valuations for U.S. new-car dealerships, regardless of brand, ... [Read More]
S&P Global finalizes Visible Alpha acquisition

Analysis

How used-car prices are faring this month in wholesale, retail markets

Wholesale vehicle prices fell nearly 12% year-over-year in April and have continued modest month-over-month declines in May, according to the latest Kontos Kommentary report from ADESA chief economist Tom Kontos. Overall wholesale values last month came in at $14,559, down ... [Read More]
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