An Alabama dealership has become a star when it comes to raising funds for charity. Howard Bentley Buick GMC was presented with the Star Award for the most improved 2024-2025 workforce campaign by the United Way of Marshall County, for raising funds for the local community. The dealership credited the leadership and dedication of its […] [Read More]

As part of the inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries. To conclude our series of podcasts with these first-ever honorees in the Automotive Intelligence Awards: Industry Analysts program, we […] [Read More]

Dealers looking to acquire later-model used vehicles in February were finding them in a rather traditional channel: the auto auction. But the source is not the consignor segment that might first come to mind when discussing this age group. According to the latest AuctionNet data from the National Auto Auction Association, overall wholesale auction sales […] [Read More]

Tricolor has now completed 16 ABS transactions since the company, which focuses on providing auto financing to Hispanics, issued its first securitization in July 2013. The latest securitization unfolded this week, as Tricolor announced a $328 million issuance. According to a news release, JPMorgan acted as the lead structuring agent with Barclays serving as joint […] [Read More]

Multiple experts expect bankruptcy filings to continue to rise, especially after another upward drift in February. According to data provided by Epiq AACER, total bankruptcy filings came in at 40,260 in February, marking a 3% increase year-over-year. Filings last February totaled 39,034. Epiq AACER reported individual bankruptcy filings increased 5% in February to 38,108, up […] [Read More]

Jonathan Gregory explained why the latest reading of the Dealertrack Credit Availability Index had a notable connection to the subprime space — beyond the fact that the February figure signified the highest level of auto credit access since December 2022. The index came in at 95.9, representing a 3.0% lift year-over-year. The senior manager on […] [Read More]

There’s a new boss at Hyundai Auto Canada. Executive director of sales and digital strategy Steve Flamand has been promoted to president and CEO, overseeing the Hyundai and Genesis brands in Canada. The veteran Canadian automotive executive, who joined the company in February 2018, replaces longtime Hyundai Canada CEO Don Romano, who now serves as […] [Read More]

He knows the housing market and house music. He knows cars and The Cars. An economist who moved from the real estate market to the automotive market — while moonlighting as a DJ — Cox Automotive chief economist Jonathan Smoke is among our first-ever honorees in the Automotive Intelligence Awards: Industry Analysts program. Smoke joins […] [Read More]

A vehicle shipping marketplace received a $12 million investment this week. Carpool Logistics announced it has raised $12 million in Series A growth capital in a round led by Wavecrest Growth Partners, with participation from CarMax, Impel founders Devin Daly and Michael Quigley, and auto industry veteran David Metter. Carpool said the new funding will […] [Read More]

GoTo has launched a new version of its artificial intelligence-powered communications platform that’s purpose-built for automotive dealerships. The cloud communications and IT provider said GoTo Connect for Automotive is designed to give dealerships a single platform that offers CRM integrations, real-time multi-rooftop reporting and modern communication channels to optimize dealership outcomes by allowing customers to […] [Read More]