Paul Antony’s tone was somber as he addressed analysts and media in AutoCanada’s second quarter 2024 earnings call, telling them the company’s “recent performance has not met our own expectations” in the wake of sinking revenue and a reported $33.1 million net loss for the quarter. A little more than a year later, he was […] [Read More]

A payment calculator seems like it is technology offered and used by everyone today. Plug in a few numbers, and out pops a monthly payment. Simple, right? Unfortunately, this illusion of simplicity is costing auto lenders and dealers significantly. What many don’t realize is that the vast majority of payment calculators on the market are […] [Read More]

Here’s an integration that offers a quartet of benefits for both buy-here, pay-here dealerships and their customers, according to the participating companies. On Tuesday, ABCOA Deal Pack, a leading dealer management software (DMS) for BHPH dealerships, announced a new integration with GWC Warranty, a provider of vehicle protection solutions for more than 30 years. The […] [Read More]

CarMax is shifting gears with its brand. The national used-car retailer has introduced a new tagline — “Wanna Drive?”— moving on from the familiar “The way car buying should be,” which it has used for more than 20 years. In a news release, the company said the new tagline “brings the omnichannel experience to life” […] [Read More]

Automotive was well represented on the 2025 Inc. 5000, which ranks companies according to percentage revenue growth from 2021 to 2024. “Making the Inc. 5000 is always a remarkable achievement but earning a spot this year speaks volumes about a company’s tenacity and clarity of vision,” Inc. editor in chief Mike Hofman said in a […] [Read More]

Zeigler Auto Group’s top service department staff were treated to a unique experience: the chance to race against a NASCAR driver. The dealership group honored the service technicians and service advisors selected for its 2024 President’s Circle with a celebration featuring NASCAR Cup Series racer Carson Hocevar. The event, hosted by Zeigler Auto Group president […] [Read More]

When Jennie Johnley left her job at Missouri Auto Auction in 2018 and decided to be a stay-at-home mom, she thought her ties to the auto auction industry had ended. “I really thought I was leaving it behind,” Johnley said of her seven-year tenure at the auction. But facing the darkest days of her life […] [Read More]

Leasing of electric vehicles either got a big recharge or lost a lot of juice in July. It all depends on how you want to consider the data StoneEagle shared on Monday. The F&I solutions provider reported July’s lease market delivered a sharp rebound led by a surge in EV volume. But the gains came […] [Read More]

Agora Data said through a post on LinkedIn that the fintech innovator of advanced capital solutions in subprime and non-prime consumer finance has hired Wendy Pratt as its new vice president of sales strategy. “Wendy is an experienced and recognized leader in the financial markets and automotive industry, bringing a dynamic, results-driven approach and a […] [Read More]

Just ahead of the Federal Reserve chair making some of his most important public comments of the year on Friday, the latest results of the Bain & Company/Dynata Consumer Health Indexes (CHI) indicated a souring mood among U.S. consumers is emerging. And that mood appears to be strongest within a consumer segment often served by […] [Read More]