Along with sharing an update involving investigations by state-level authorities in two locations, Credit Acceptance went through a series of year-end figures to detail its 2018 performance. And to go with data about income and originations, the subprime auto finance company also got into the numbers attached to people — specifically its field workforce and […] [Read More]

When customers Don and Janine Edwards purchased a 2019 Honda Pilot from Larry H. Miller Dealerships’ Murray, Utah location on Jan. 28, they might not have known they were at the center of a company milestone. The Pilot was the 2 millionth vehicle sold for Larry H. Miller Dealerships. The company has come a long way […] [Read More]

Canadian automotive digital marketing company TRADER Corp. released a new and customizable dealership website platform that it says was built “by Canadians, for Canadians.” TRADER Corp. says the company designed its new TAdvantage platform to create the best consumer engagement and to give those consumers “website experiences that are truly unique.” It is now available to […] [Read More]

Automotive and manufacturing recruitment firm Tier One Executive Search says its customers and the industry think of the company for its work in the manufacturing area. But the business notes that its recruiting work has also taken place in passenger car, recreation vehicle, off-highway equipment and heavy vehicle retail operations for many years. Now, Tier One is expanding […] [Read More]

There was a bit of a slow start for the certified pre-owned car market at the outset of 2019, but that comes off what was the eighth straight record year of sales.   According to Cox Automotive, there were 2.70 million CPO sales in 2018, a 2.1-percent year-over-year gain. This marked another all-time high, and 2019 […] [Read More]

The wholesale price movement both Manheim and Black Book spotted to round out 2018 continued into their analysis of January data. Beginning with Manheim, the company determined wholesale used-vehicle prices (on a mix-, mileage- and seasonally adjusted basis) decreased 1.62 percent month-over-month in January, representing a softening for the third month in a row. This move brought […] [Read More]

Dealerships, especially ones located in the Southeast that have business relationships with SunTrust Banks and BB&T Corp., soon will be working with just one financial institution. The banks announced on Thursday that both companies’ boards of directors have unanimously approved a definitive agreement to combine in an all-stock merger of equals valued at approximately $66 […] [Read More]

Bankruptcy filings jumped on both a year-over-year and month-over-month basis to begin 2019. According to data provided by Epiq Systems, the American Bankruptcy Institute reported that U.S. bankruptcy filings increased 11 percent in January from December. Officials said bankruptcy filings totaled 57,618 in January, up from the 52,037 total filings registered in December. Consumer filings […] [Read More]

How fintech is going to be the technological solder that binds dealerships, finance companies and consumers into an even stronger relationship permeated discussions at a host of annual automotive events late last month in San Francisco. Cherokee Media Group is looking to continue that dialogue in a more intimate conference setting when it again hosts […] [Read More]

Mobility company Ridecell appointed Fernando Ruarte to vice president of engineering and Gelena Sachs as vice president of people. In his new role, Ruarte will manage global teams developing Ridecell customer and mobility platforms for Ridecell, which is a car-sharing, ride-sharing and autonomous ride-hailing platform for new mobility operators. Ruarte's 20-plus years of engineering management experience includes positions as […] [Read More]