Group 1 Automotive has completed a $500 million increase in its revolving syndicated credit facility. The giant dealer group, which owns and operates 203 dealerships in the U.S. and U.K., now has a total credit facility of $2.5 billion with ... [Read More]

The 2024 World Automobile Auctioneers Championship produced a feel-good moment for a hometown kid — and his son. Richard “TJ” Freije won the event’s most coveted prize — the title of world champion auto auctioneer — last week at ADESA ... [Read More]

Based on a recent industry survey of auto dealership executives located throughout the U.S. orchestrated by Lotlinx, approximately 31% of respondents said they still rely only on gut instinct to manage their dealership’s vehicle inventory. This represents almost one third ... [Read More]

Sometimes electric vehicles can be difficult for dealers to blend into their floorplan. DriveItAway Holdings and Westlake Financial collaborated on a solution. Last week during the Auto Intel Summit + National Remarketing Conference, DriveItAway announced the offering of its retail ... [Read More]

A common hesitancy consumers might have about buying alternative-fuel vehicles (even used ones) is that the cost is too high. And that assumption isn’t entirely wrong — it might be fair on some models, particularly electrics. However, there are deals ... [Read More]