Consumers may feel like they’re without a paddle when it comes to figuring out the right time to sell their vehicle. But they don’t have to be an armchair expert thanks to the Value Tracker tool from Carvana, which can help car owners determine when to let it go. The platform launched last year allows […] [Read More]

Doug Austin noticed car dealers were struggling with slowing sales and increasing expenses, and decided to do something about it. Austin, the founder and chairman of StrategicSource, came up with the Dealer Profit Alliance, a new program designed to show dealers how StrategicSource’s resources can help them increase revenue. “Interest rates have decreased but they […] [Read More]

Reviver has been anointed by the Kings. The developer of the RPLATE digital license plate announced it has joined the NBA’s Sacramento Kings in a multi-year partnership, beginning with the 2024-2025 season. The team will wear Reviver’s logo on the left shoulder of its jerseys, which the company said makes it the first Black-founded technology […] [Read More]

OpenRoad Dealership Group is going into the car wash business through its OpenShine division. And while OpenShine is starting as a franchisee of an American car wash brand, you may see OpenShine-brand car washes in Canada one day, Christian Tjia, operations manager at OpenShine Holdings Ltd. said. “For our long-term strategy, we are definitely exploring […] [Read More]

Volkswagen’s plan to revive the Scout brand has drawn the wrath of the National Automobile Dealers Association. Last week, Reuters reported the VW-backed Scout Motors company will sell its electric SUV and pickup truck directly to consumers rather than through dealers, quoting CEO Scott Keogh as saying he expects Scout to have some three dozen […] [Read More]

Credit Sesame last week launched an improved version of its credit intelligence platform fueled by a decade of serving 18 million consumers and AI models trained with more than 7 trillion data points. Credit Sesame highlighted its platform can provide a full-stack, end-to-end solution with personalized credit analysis, real-time financial insights and access to an […] [Read More]

Doug Timmerman has always been good with numbers. It’s part of the reason why Timmerman graduated with his undergraduate and master’s degrees in business administration from the University of Nebraska. When it came time to depart from the land of the Cornhuskers, Timmerman he thought he’d become a stockbroker, leveraging that talent for figures. But […] [Read More]

“Now, I’m very familiar with what a war zone looks like,” Corey Cox said. “So, when I say that this was a war zone, it was exactly that.” Cox, who served 13 years in the U.S. military, wasn’t describing overseas combat. He’s talking about what he saw in Western North Carolina, mere days after Hurricane […] [Read More]

EchoPark’s record-setting bandwagon continues to roll. Sonic Automotive’s used-car operation has taken off in 2024, and it soared to a third consecutive record quarter for gross profit, according to the company’s third quarter financial results, released this week. EchoPark’s gross of $55.2 million was the best ever for Q3, and that wasn’t the end of […] [Read More]

In reporting its third quarter financial results Friday, AutoNation sang the second verse of a similar song from Q2. Revenues, gross profits and net income were all down year-over-year, in part because the residual effects of the CDK Global outage in June carried over into the beginning of Q3 in July. In AutoNation’s Q2 earnings […] [Read More]