The HGreg Group, which owns three Nissan dealerships in Canada, opened HGreg Nissan Delray Beach on March 6. The Florida location is HGreg’s first new-car dealership location in the United States.  (The group already owns several used-car stores in Florida.) In other dealership news, Jim Ellis Automotive Group in Atlanta acquired Toyota of McDonough in […] [Read More]

Ford autonomous vehicle engineer Leda Daehler remembers having a challenging vehicle shopping experience, searching for a Lincoln MKZ with a tan interior and adaptive cruise control. And Daehler had to drive eight hours to pick it up. Daehler’s fellow Ford engineer Arnold Kadiu experienced similar vehicle-buying frustrations. The two engineers came up with an idea […] [Read More]

Attending high school in St. Louis in the 1950s, former U.S. Congressman Richard Gephardt came of age in the “golden age of automobiles.” The post-World War II period brought about ambitions of vehicle ownership, he said, as well as a practical sense of vehicle know-how, as many could only afford to do auto repair work […] [Read More]

Used cars were always a major point of emphasis for Larry H. Miller. Miller, who founded Utah-based Larry H. Miller Dealerships in 1979, expected his business’ used-to-new vehicles sales ratio to be at 1-to-1. Miller died in 2009, but the company has continued to operate on his philosophy of the importance of used vehicles.   “The […] [Read More]

In an effort to touch on an array of topics within the used-vehicle industry, Nick recently connected with AGORA founder and chief executive officer Steve Burke for a podcast about how the market for bulk portfolio purchases is behaving. With significant experience in the space, Burke discussed how technology is impacting how dealerships and finance […] [Read More]

Having been unsuccessful in becoming governor of Ohio, former Consumer Financial Protection Bureau Richard Cordray appears to have resurfaced on the West Coast in connection with a high-ranking California state lawmaker. Multiple social media posts from California Assemblymember Monique Limon show her pictured with Cordray having what she said was a “great conversation” with the […] [Read More]

Axis Auto Finance now has more funding horsepower to help dealerships retail vehicles. According to a news release distributed this week, the publicly traded alternative auto finance company announced the closing of its new $100 million senior secured revolving debt facility with a syndicate led by a Canadian Schedule 1 Bank and including a large […] [Read More]

Using the Vin-UP hardware/software program, auto dealerships offer their service customers an “Instant Vehicle Valuation Coupon.” The coupon indicates that the store wants to purchase the vehicle and provides a cash price. VIP says its program helps auto dealers generate more business through their service bay. Now, CARFAX Canada is providing the trade-in values for […] [Read More]

In challenging times, used-vehicle sales are there to take up the slack. At least that was the case for Group 1 Automotive in the fourth quarter and full-year 2018. When times are good for auto dealers, used-vehicle sales also often play a prominent role, and that was the case for Asbury Automotive Group, too, as […] [Read More]

A company description for KAR Auction Services states that it offers “innovative, technology-driven remarketing solutions” to the global wholesale used-vehicle industry. Now, the company’s Insurance Auto Auctions business is making an investment to take that innovation further.   In what the division is describing as “an insurance claims and remarketing industry first,” IAA is investing […] [Read More]