Buy-here, pay-here dealers in California who watch vehicles roll over the curb with buyers who have insurance challenges can take advantage of a new product offered by Westlake Financial Services. The finance company recently announced a new spot delivery insurance program, which is underwritten by Knight Management Insurance Services and now available to its dealer […] [Read More]

For operators looking for capital or how to handle the long-term future of their independent dealerships, perhaps Kelemen & Co. might be a financial resource to tap. On Tuesday, Kelemen, a private equity merchant bank that invests in mid-market companies and also offers tailored corporate advisory services, announced the launch of an $80 million investment […] [Read More]

Bernie Moreno Companies has launched a new fundraising campaign named “Keys for Kids”, that’s aimed at supporting children’s initiatives at three large hospital systems inside Northeast Ohio. The dealership group recently announced that its newly launched campaign will run into next year and benefit Cleveland Clinic, as well as MetroHealth and University Hospitals of Cleveland. Throughout […] [Read More]

After including Bing in a recent media campaign for one of its largest OEM partners, Dealer.com has been recognized for its investment in engineering initiatives that foster successful advertising campaigns with Bing. Named Bing Growth Hacker of the Year,  Dearler.com touts bringing in thousands of new advertisers to the Bing search network throughout the year, the company […] [Read More]

Automotive logistics services provider MetroGistics is rebranding. The company, which has acquired McNutt, AmeriFleet and Metro Title Services over the past four years, is now known as ACERTUS. In a news release, MetroGistics said its rebranding to ACERTUS “reflects the companies’ coming together to form a one-stop shop offering world-class vehicle lifecycle solutions to all […] [Read More]

Carvana now operates 10 car vending machines. The latest, announced Tuesday, is in the Washington, D.C. area. The Gaithersburg, Md., facility is fully automated, coin-operated, is eight stories high and can hold up to 30 vehicles. The new vending machine is open Monday through Saturday, from 9 a.m. E.T. to 7 p.m.  The Washington-area vending machine follows Carvana’s […] [Read More]

In an interview for the Auto Remarketing Podcast in late March, Experian’s Melinda Zabritski said one auto financing metric she would be watching carefully in 2018 was the lease penetration rate. “There are several things that I think are going to be very interesting for the coming year, one of which is a lot of […] [Read More]

One of the largest public dealer groups is trying to help Floridians heal after a tragic school shooting back in February On Monday, AutoNation announced that the company is making a $250,000 donation, through the Broward Education Foundation, to the Marjory Stoneman Douglas Victims' Fund. AutoNation associates across the country responded to a request from […] [Read More]

Another way blockchain is working its way into the automotive industry rolled out this past weekend as the technology world gathered in the Big Apple for the start of the first New York City Blockchain Week. CarBlock, a blockchain-based transportation solution built on data generated by smart devices announced that it has joined MOBI — […] [Read More]

The National Auto Auction’s The Warren Young Sr., Scholastic Foundation recently announced its 12 scholarship recipients for the year. In its 14th year, the program now offers eight $5,000 scholarships for attending a four-year institution and four $3,000 scholarships for a two-year college or vocational-technical school. That’s a total of $52,000 annually in 12 merit […] [Read More]