Texas-based Snell Automotive Group now has a Blue Oval rooftop in Oklahoma to go with its portfolio of luxury showrooms in the Lone Star State. The dealer group announced on Thursday that it has purchased Bob Hurley Ford in Tulsa, Okla. Snell Automotive Group said in a news release that the dealership will be renamed […] [Read More]

Copart’s addition of 18 acres to its location near Austin, Texas, is a move that the company says addresses its “substantial growth” in business for that area. The property — at 8725 N Interstate 35 in New Braunfels, Texas — is historically significant for the global online vehicle auction company. Copart purchased it in 1999. In […] [Read More]

Carvana is now established in nine Texas markets after adding three more in the Lone Star State on Tuesday. The company said via a news release that its e-commerce platform for buying and selling used vehicles is now available to consumers in Killeen, College Station and Waco. “Today’s launches put us in nine markets in […] [Read More]

RumbleOn is an e-commerce company that uses technology to help dealers and customers buy, sell, trade, or finance pre-owned vehicles through one online location. Expanding its partnership with Manheim into Fontana, Calif., RumbleOn notes that its distribution network from California to Washington, Pennsylvania and down to Florida, now hits all corners of the United States. […] [Read More]

The vehicle subscription industry is no longer just an exciting concept. It has matured to where it is now an increasingly proven model. At least that is the view of Clutch Technologies president Vince Zappa. Clutch is an automotive software platform that offers vehicle subscription and mobility services. Zappa said in a news release that […] [Read More]

I am just old enough to remember from reruns a black-and-white TV sitcom, “Car 54, Where Are You?” The show originally ran on NBC from 1961 to 1963. I do recall, somewhat painfully, hearing a similar phrase echoing through our showroom and used-car operation during my more recent days as a former dealership owner and […] [Read More]

As commercial filings spiked, the American Bankruptcy Institute reported that consumer filings softened in February. According to data provided by Epiq Systems, total bankruptcy filings decreased 1 percent to 56,118 in February from the 56,732 cases filed in February of last year. Consumer filings dropped 2 percent in February to 52,979 from the consumer filing […] [Read More]

S&P Global Ratings took its turn on Tuesday to add more context to the headline-creating and social-media stirring auto-finance data released by the Federal Reserve Bank of New York. Credit analyst Amy Martin led the charge looking closely at subprime auto loan asset-backed security (ABS) market. Martin acknowledged the New York Fed highlighted Equifax data […] [Read More]

The spring market is starting to bloom at the auction. This week’s edition of Black Book Market Insights report included slowdowns in vehicle value decreases as well as rising sales percentages, especially if trucks and SUVs were included in the lane. “The first sign of the spring market showed up last week with mid-size cars […] [Read More]

Leasing sticker shock is pushing more consumers toward websites such as Swapalease.com to find the vehicle they want at the price within their budget. And as a result, credit approvals at Swapalease.com are softening. Site officials indicated vehicle lease credit applicants registered an approval rate of 65.9 percent in February, marking a decrease from the […] [Read More]