Upstart Holdings announced last week that it landed a forward-flow commitment from funds managed by Wafra, a New York-based global alternative investment manager focused on strategic partnerships, real estate and real assets. According to a news release, Wafra has agreed to purchase up to $200 million of assets originated through the Upstart auto finance platform. […] [Read More]

StoneEagle data showed dealerships had a lot to be thankful for, especially in November, when it came to the performance of their F&I departments during the fourth quarter. The newest StoneEagleDATA F&I Benchmark Report indicated that in the fourth quarter, F&I offices posted the highest quarterly average F&I profit per vehicle retailed (PVR) of 2025 […] [Read More]

The end of the federal tax credit was no doubt a roadblock to the new electric vehicle market, and to some extent, the used EV segment, as well. But demand for used electric vehicles remains healthy, prices have eased and supply is plentiful. And that could mean opportunities for dealers, according to the Used Electric […] [Read More]

Rick Case Automotive Group was No. 1 in 2025. Twice. The South Florida-based dealership group was recognized as the owner of the world’s top sales volume location for both the Honda and Volkswagen brands, the company said in a news release. Rick Case Honda in Davie, Fla., was honored as Honda’s largest volume dealer for […] [Read More]

Hunter Automotive Group has moved into the big city. The Henderson, N.C.-based dealership group announced it has acquired Victory Chevrolet in Charlotte from Brandon Gandy, its first location in the state’s largest market. “Charlotte is a key market for our strategic growth,” Hunter Automotive owner and CEO David Hunter said. “We are focused on expanding […] [Read More]

Acknowledging, “this is the hardest part of being a leader,” TrueCar founder and CEO Scott Painter announced through a news release that the company is reducing its workforce by 30% effective Tuesday. TrueCar said its new senior leadership team met individually with every employee across the organization to understand each role and how it supports […] [Read More]

APCO Holdings recently announced six executive leadership moves and promotions designed to strengthen its support of customers, expand growth across channels, and enhance operational capabilities. The provider of F&I products and dealer solutions began by saying Tony Wanderon has been named chairman of the board while continuing to serve as chief executive officer of APCO […] [Read More]

The National Auto Auction Association announced that its Warren Young, Sr. Scholastic Foundation is now accepting applications for its annual scholarships. The foundation will award up to 12 $10,000 scholarships to students planning to attend an accredited four-year school — eight based on academic standing and up to four based on financial need — and […] [Read More]

Used cars could be the “rational choice” for many shoppers re-entering the market. And that viability is already showing up in the numbers for early 2026. There were nearly 493,000 used-vehicle retail units sold last month, which was the strongest January for pre-owned sales since 2021, according to the latest Used Market Report from JD […] [Read More]

They say records are made to be broken. In the case of auto dealerships’ responsiveness to internet leads, it seems they’re made to be broken every year. For the fourth consecutive year, the industry average for responding to inquiries submitted through dealership websites soared to an all-time high in the 2026 Pied Piper PSI Internet […] [Read More]