Kinetic Advantage is finding ways to achieve its goals amid a business scene that’s becoming more challenging as evident by bankruptcies being filed by consumers as well as automotive operations. About a week after the independent automotive floorplan financing company ... [Read More]

Consumers aren’t the only ones seeking bankruptcy protection nowadays. PrimaLend Capital Partners and Good Floor Loans announced on Wednesday that they are pursuing what the floorplan provider called “a value-maximizing sale” through a voluntary Chapter 11 proceeding in the U.S. ... [Read More]

Global investment firms continue to see opportunities in the automotive sector. A day after a move involving a lender that provides credit to consumers, another transaction came to light on Thursday involving a company that provides financial fuel for dealerships. ... [Read More]

In just a year, Elisabeth Taylor will go from conference attendee to event roundtable moderator. The owner/operator of iGo Motors in Columbia, Ky., will be one of the featured dealer roundtable moderators for the NIADA BHPH Dealer Forum, which is ... [Read More]

This week, Byrider Franchising Partners announced a significant investment to modernize its proprietary Discover software platform. The buy-here, pay-here dealership franchise company said the initiative reflects Byrider’s 36-year commitment to advancing franchisee success through “resilient, efficient, and future-ready technology solutions.” ... [Read More]

Along with its political action committee raising more than $100,000 during the event, the National Independent Automobile Dealers Association had nearly 150 dealers and industry members go to Capitol Hill on Tuesday during the NIADA Policy Conference to meet with ... [Read More]

What a mess. That’s the summation this scribe arrived at on Thursday morning after combing through the outstanding reporting by outlets such as Bloomberg, The Financial Times and Reuters about the major development in the subprime auto finance industry you ... [Read More]