In automotive retail, time is one of the most overlooked cost drivers. A car sitting too long on your lot does more than just take up space. It weakens your margins, strains your working capital, and reduces buyer confidence. Aged inventory is not a minor operational issue. It is a strategic liability. For dealerships looking […] [Read More]

CanadaOne Auto will soon have a new majority owner. The dealership group has entered into an agreement in which Australia’s Eagers Automotive Limited will acquire a 65% ownership interest in CanadaOne and its affiliated entities based on an overall enterprise value of $2.5 billion. As part of the deal, CanadaOne’s shareholders expect to become Eagers’ […] [Read More]

Go Auto keeps going. And growing. The Edmonton-based dealership group has added another store in Western Canada with the acquisition of Heninger Toyota in Calgary from the Gibson family. The store, which will be renamed Macleod Trail Toyota, gives Go Auto 69 locations in six Canadian provinces and the U.S. state of Washington. The acquisition […] [Read More]

Dealers Auto Auction Group, which currently has 10 auctions located primarily in the Southeast, believes it can double its footprint in the next five years, group executives told Auto Remarketing at the National Auto Auction Association’s World Remarketing Convention here last week. The Franklin, Tenn.-headquartered group has locations in Arkansas, Tennessee, Mississippi, Alabama, and Georgia, […] [Read More]

Brett Sutherlin is thinking big with his latest purchase. The owner of Sutherlin Automotive Group announced he has acquired McKenna Subaru in Huntington Beach, Calif., aiming to turn it into the nation’s largest Subaru store. “This is more than an acquisition,” Sutherlin said. “It’s a statement of intent. Southern California is the most powerful car […] [Read More]

Super Dispatch has introduced a tool designed to solve a wait-y problem. The auto transport management platform unveiled Instant Transfer, an embedded real-time payment tool for carriers. The company said Instant Transfer allows verified carriers to receive funds from shipper-initiated payments in seconds — 24/7/365, including nights, weekends and holidays. In a news release, Super […] [Read More]

Cars.com will soon be taking a ride with Uber. The car-shopping marketplace has joined with Uber Advertising as its first automotive content partner for “JourneyTV Presents,” Uber’s new in-ride entertainment experience. Cars.com will provide Uber passengers with “curated and relevant car-shopping content” during their ride, the company said in a news release, adding the experience […] [Read More]

Using the description “quality over quantity” happens often inside and outside of automotive. Black Book also used it to recap last week’s wholesale scene, which had values soften by 0.39%. And the auction conversion rate slid by 3 percentage points to 56%. “Wholesale activity last week underscored the industry’s ‘quality over quantity’ dynamic,” Black Book […] [Read More]

New research from Cornerstone Advisors showed a path that could benefit banks and credit unions and consumers with subprime or near-prime credit scores. The provider of business and technology consulting services for banks, credit unions, and fintech firms estimated that banks and credit unions could recapture $110 billion in deposits and generate more than $1.5 […] [Read More]

A Virginia credit union has found a way to make its GAP coverage even more valuable to vehicle buyers. Way.com on Wednesday announced a strategic partnership with Connects Federal Credit Union that integrates Way+ car services membership with the credit union’s auto-finance products. Through this collaboration, for every Connects FCU installment contract booked with a […] [Read More]