Used Car News

12/22/2025

Max Auto will maintain its headquarters in Toledo, Ohio and continue to operate as a standalone business, leveraging the support and resources of the broader Midas platform to continue to strengthen its dedicated customer-first approach.
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Midas International, LLC, a providers of automotive services, announced Dec. 18 that it has acquired Max Auto Supply Company, a Midas dealer. Financial terms of the transaction were not disclosed. Founded in 1958, Max Auto is a highly respected Midas franchisee with a rich history of providing exce

12/22/2025

Vervent was appointed by the bankruptcy court to service Tricolor’s more than 100,000 subprime auto loan accounts.
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The United States Attorney for the Southern District of New York, along with the FBI and FDIC on Dec. 16 announced the unsealing of a 20-page indictment against Tricolor founder and CEO Daniel Chu, charging him with defrauding multiple banks and leading a series of fraudulent schemes, NIADA report

12/22/2025

The Black Book Auto Residual Value forecast for the Q4 2025 effective period reflects the continuation of two major themes in current and expected wholesale valuations: steady, if not irregular, declines from supply chain crisis peak values and a structurally higher baseline in residual values above pre-2020 levels.

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Despite recent softness in the used wholesale auto market, historically strong vehicle valuations will persist through at least 2028 calendar year, according to a Dec. 17 report from Black Book. Residual Values published in Q4 2025 remain in the low 50% range, representing an average increase of abo

12/20/2025

This collaboration merges the convenience of 1-800-PACK-RAT's portable storage and moving services with ACERTUS’ 25+ years of experience and trusted auto transport network – creating one seamless, end-to-end solution that simplifies every move.
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ACERTUS, an automotive logistics-as-a-service platform, on Dec. 9 announced a partnership with 1-800-PACK-RAT, a leader in portable storage and moving solutions, to provide integrated nationwide vehicle transport services for 1-800-PACK-RAT’s residential and commercial customers. This collaborat

12/19/2025

CarGurus's PriceVantage is the next step in our work to put the power of predictive intelligence in the hands of dealers for more efficient, profitable decisions.
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CarGurus, Inc., on Dec. 17 announced the launch of PriceVantage, a used vehicle pricing solution powered by real-time consumer demand data from the nation’s most visited automotive platform. The predictive pricing guidance from PriceVantage is tailored to each dealership’s goals, promising deale

12/19/2025

Despite a relatively weak fourth quarter, new-vehicle sales will finish 2025 up 1.8% year over year, according to Kelley Blue Book estimates.
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December new-vehicle sales are expected to finish down from last year, but the pace should pick up slightly from previous months and help push total new-vehicle sales in 2025 above year-ago levels. According to the Cox Automotive forecast released Dec. 17, the December seasonally adjusted annual rat

12/18/2025

What happens when collections become tougher than sales?

In UCN's latest Podcast episode, Jeff Baker—owner of Car City in Grand Rapids, Michigan and chairman of the National Independent Automobile Dealers Association - NIADA Buy Here Pay Here commission—shares how his nine-location dealership thrives with a lease-here, pay-here model.

From navigating inflationary pressures to tackling compliance and regulatory challenges, Baker offers candid insights on collections, customer relationships, and the future of the industry. Plus, hear how dealer panels and national conferences spark million-dollar ideas.

Click the link to listen!
https://usedcarnews.com/index.php/ucn-podcast
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12/18/2025

Despite typical year-end softening, auction conversion improved to 59%, signaling steady buyer engagement and competitive bidding for clean, late-model units.
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Depreciation remained concentrated in mainstream segments, while luxury and premium models held comparatively steady, according to Black Book’s Market Insights. Mid-Size Cars posted the steepest drop among car segments, and Mid-Size Crossovers led the declines within trucks and SUVs. Despite typic

12/17/2025

A New Mexico jury has returned a $220 million verdict, finding that the Michelin North America tire company was liable for a deadly crash that killed three members of a Texas family in the summer of 2021.
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A New Mexico jury has returned a $220 million verdict, finding that the Michelin North America tire company was liable for a deadly crash that killed three members of a Texas family in the summer of 2021. Laura Zamarippa, Rosalva Marin and 14-year-old Alexis Zamarippa died when a Michelin-produced

12/17/2025

Barrett-Jackson's 2026 Scottsdale Auction is happening Jan. 17-25 at WestWorld of Scottsdale.
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Barrett-Jackson will kick off the year with a number of classic American muscle cars set to cross the block during the 2026 Scottsdale Auction, Jan. 17-25 at WestWorld of Scottsdale. From freshly restored models to rare originals, the American muscle cars that will be featured include a 1970 Plymout

12/16/2025

UCN's latest online edition is out!
2025 in review, Best Brands, The Numbers, and more.
Click the link to read:
https://issuu.com/usedcarnews/docs/used_car_news_december_15_2025

12/16/2025

More than 56% of consumers opted to lease a new EV during the quarter compared to just over 46% a year ago.
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In advance expiration of the electric vehicle (EV) tax credit at the end of September, the market observed an increase in EV finance transactions in the third quarter of 2025. According to Experian’s State of the Automotive Finance Market Report: Q3 2025, EV share of new vehicle financing reached