Kot Auto Group’s growth plan has taken another step forward. The British Columbia-based dealership group expanded to 10 locations with the acquisition of Sunrise Ford in 100 Mile House, B.C. The dealership, which includes a service department and body shop, is Kot Auto’s first Ford store and first with a body shop, as well as […] [Read More]

Share a conversation with an executive who has been in subprime auto finance for a decade or two and likely the professional will say, “Yes, I’ve seen that before,” at some point during the exchange. The latest research of managed portfolio performance by S&P Global Ratings reinforced the probability that conversation might be happening now. […] [Read More]

It’s an M&A summer for America’s Group. The parent company of America’s Auto Auction and AXLE Funding has made its fourth acquisition since June, announcing Tuesday that it has purchased Z66 Tulsa Auto Auction. After expanding on the East Coast by adding Motley’s Richmond Auto Auction earlier this month, America’s Group’s purchase of the Oklahoma […] [Read More]

PrivateAuto, a transactional marketplace for private-party vehicles, has launched DMV title checks as an add-on service through a partnership with Yotta Automated Software Solutions Inc., a platform providing real-time vehicle lienholder, registration and title data. PrivateAuto said the addition of YASSI to its platform is designed to reduce fraud and enhance buyers’ confidence in private-party […] [Read More]

OPENLANE’s investments in technology and customer-centric enhancements aimed at making it easier for buyers and sellers do business on its wholesale used-vehicle digital platform are paying off — especially in its U.S. marketplace, said the company’s CEO, Peter Kelly. The company grew its overall marketplace segment volume by 24,000 vehicles (or 7%) and its marketplace revenue increased 5% to $336 million in the quarter that ended June 30 when compared to the year-ago quarter, said Kelly during OPENLANE’s second quarter earnings call on Aug. 7. OPENLANE’s overall marketplace segment ... [Read More]

For the 11th year, Autotrader is celebrating National Dog Day with ideas to help dog owners make their pets more comfortable in the car. This year’s tip sounds good — in more ways than one. Cox Automotive’s third-party car listings platform has created a Spotify playlist aimed at relaxing dogs and helping everyone enjoy their […] [Read More]

The industry sees Karen Sutton-Ford as the “epitome of excellence.” The dealer principal of Sutton Ford in Matteson, Ill., has been named the winner of the Ally Sees Her Award. Established by Ally Financial and the National Association of Minority Automobile Dealers (NAMAD) seven years ago, the award recognizes the significant achievements of women of […] [Read More]

Orbee, a provider of automotive data management middleware systems, has been selected by Holman as its customer data platform provider. Orbee said its platform will allow Holman to turn customer data from its network of some 60 dealerships in nine states into insights and analytics designed to deliver a truly personalized customer experience. In addition […] [Read More]

Separate studies recently released by WalletHub and The Stock Dork compiled lists of cities where auto finance delinquencies are increasing and decreasing the most, as well as states where consumers struggle with personal finances the most. To assemble its analysis of delinquency rates, WalletHub compared 100 of the largest cities based on its proprietary data […] [Read More]

FICO recently introduced new innovations to the FICO Platform that can improve real-time decision-making at both speed and scale. FICO highlighted the new enhancements can help teams break down silos and more efficiently reuse models and decision assets to drive better business outcomes. Updated FICO Platform capabilities include: —Data connection and ingestion: Increased flexibility in […] [Read More]