This week, Agora Data launched a financing solution that chief executive officer Steve Burke said places buy-here, pay-here operators “on the same playing field as the large dealer groups.” Burke explained that through AgoraCapital, BHPH dealers will have access to low-cost financing through the capital markets. He said this pioneering approach is another way Agora […] [Read More]

The Canadian subsidiary of Enterprise Holdings has closed its purchase of Discount Car and Truck Rentals, a deal initially announced in December. Included in the acquisition are all corporately owned Discount locations and the Quebec licensee’s daily rental operations. Enterprise has more than 600 airport and neighborhood locations in Canada, whereas Discount has more than […] [Read More]

With Labor Day weekend straight ahead, experts and policymakers still view the economy like the vehicle that arrives at your dealership’s service drive with the customer saying it hesitates, despite stepping hard on the accelerator. At least two high-level federal officials see the need for more assistance to get the U.S. economic engine running smoothly […] [Read More]

A recipient of the Lifetime Achievement Award from the National Association of Minority Automobile Dealers now is part of the executive team at DealerSocket. This week, the software company announced the appointment of Tony Graham as executive vice president and general manager of its Auto/Mate business unit. DealerSocket highlighted that Graham brings a proven track […] [Read More]

AutoNation’s Tuesday announcement that it was donating $25,000 to the American Breast Cancer Foundation marks the public unveiling of AutoNation’s new ONE AutoNation initiative. The company says the initiative continues its position as “a change leader within the automotive industry.” The American Breast Cancer Foundation provides educational resources, access and financial assistance to aid in […] [Read More]

Wholesale prices might have hit their apex in August, according to the team at Black Book. Analysts released their Used Vehicle Retention Index for August, which came in at a new high for the measurement at 129.0. That reading represented a 3.0-point rise from July, but Black Book isn’t expecting the climb to continue. “Wholesale […] [Read More]

Manheim has released three new enhancements to its digital marketplace, stating that as wholesale remains largely digital, the ability for dealers to buy and sell online with ease has never been more important. The company says those enhancements include significantly more images on vehicles checked in at a physical location, the opportunity to more easily […] [Read More]

The American Recovery recently rolled out its latest informational initiative since the coronavirus pandemic began. The newest project is a new whitepaper series titled, “Repossession Matters,” as ARA said it will be addressing issues and presenting revenue models to allow for repossession agencies to operate in a viable and sustainable manner. “In light of the […] [Read More]

After announcing its new name and branding back in May, Tresl recently launched its newest offering to augment its menu of services that include auto refinancing, lease purchases and off-fleet purchases. The company described Tresl Car Sales as an innovative new digital web application aimed at “forever changing the way consumers shop and purchase a […] [Read More]

Lightico chief revenue officer Gilad Komorov wrote in a commentary published by Auto Fin Journal earlier this summer that “Auto-loan fraud may be growing in complexity, but so are the technologies that are being created to combat it.” The partnership the Emerging 8 honoree finalized on Wednesday reinforces Komorov’s assertion about how the firm involved […] [Read More]