Hyundai Capital America (HCA) is now being led by a former c-suite executive at Ford Credit. On Monday, HCA announced Jim Drotman as its president and CEO to lead its partnerships with Hyundai Motor America, Kia America, and Genesis Motor America. Drotman is also being asked to better serve Hyundai, Kia, and Genesis dealers and […] [Read More]

Kashable, a fintech platform that provides access to “socially responsible credit” and financial wellness solutions for employees, got its own boost of financial resources last week, announcing the closing of a $250 million credit facility. According to a news release, Nomura Corporate Funding Americas served as the lead lender and agent in the facility. Kashable […] [Read More]

The Federal Reserve released a statement recapping chair Jerome Powell being invited to the White House for a meeting with President Trump on Thursday. The statement indicated Powell and Trump discussed economic developments including for growth, employment, and inflation. “Chair Powell did not discuss his expectations for monetary policy, except to stress that the path […] [Read More]

Group 1 Automotive announced a $1.0 billion increase in its revolving syndicated credit facility to $3.5 billion, as well as an extension of its maturity date to May 30, 2030. The dealership group, which operates 263 dealership locations and 39 collision centers in the U.S. and U.K., said the syndicated credit facility can be expanded […] [Read More]

Flexcar has a new home. The month-to-month flexible car lease company has moved into its new headquarters in downtown Boston, a 16,000-square foot space that’s more than 15% larger than its previous office in the city’s Seaport district. The company said the new facility has a capacity of more than 100 employees. “As demand for […] [Read More]

The first quarter of 2025 was the slowest Q1 for dealership buy/sell activity in at least 10 years, while dealership profits remained at a high level, according to the latest report from Haig Partners. The Q1 2025 Haig Report showed just 68 rooftops changed hands, down 57% from Q1 2024 and the fewest since the […] [Read More]

Former dealer Jay Lee has been named director of West Coast operations for the Tim Lamb Group. The dealership sales and acquisitions firm said Lee will oversee its operations and client engagement in Washington, Oregon, California, Arizona and Nevada. Lee has been an owner and dealer principal in his 25-plus-year career, the company said, building […] [Read More]

Zeigler Automotive Group is one of the best and brightest. Again. The dealership group was selected for a Best and Brightest Companies to Work For Award in the Chicago market for the 12th time. The award, presented by the National Association for Business Resources, honors area businesses that establish and maintain stringent standards and exemplary […] [Read More]

They might be some of the younger personnel at their dealerships, but they’ve already shown their ability to thrive in a variety of roles and responsibilities. This year’s Dealers Under 40, presented by CDK, hail from a variety of operations. Some honorees are already store general managers or leading executives for dealer groups. Others specialize […] [Read More]

Two top executives from Ciocca Automotive, a growing automotive group with 54 dealerships in New Jersey and Pennsylvania, recently described what the partnership with Assurant has done for their dealerships’ F&I performance and other parts of the retailer. “We’re already seeing the positive effects of working with Assurant,” Ciocca Automotive CEO Mark Harrold said in […] [Read More]