Rick Kurtz, senior vice president and chief distribution officer for Protective Asset Protection, spent a few minutes with Cherokee Media Group on Thursday after the company entered into an agreement to acquire Portfolio Holding and its subsidiaries from Abry Partners. Kurtz shared that he had just chatted with Portfolio leadership about how the latest acquisition […] [Read More]

Technology has exploded in the modern automobile, with touchscreens, adaptive cruise control and all sorts of bells and whistles available. But according to research from Enterprise Mobility, most people don’t want all of that on their vehicle. The parent company of Enterprise Rent-A-Car and other transportation and mobility businesses released its second annual “On the […] [Read More]

Another auto-finance company specializing in the subprime space now has new ownership. White Label Holding, a U.S.-based financial group specializing in integrated automotive lending solutions, on Monday announced the full acquisition of National Auto Lenders, which is a non-prime auto financing company with more than 25 years of continuous operation in Florida. The development surfaced […] [Read More]

With its latest purchase, America’s Group has reached a major milestone: 50 auto auctions in its footprint. The auction group acquired EBlock Houston and EBlock New Orleans, a sale announced last week by EBlock. In a news release Monday, America’s Group said the acquisition bolsters the auction group’s Gulf Coast presence and “enhances its ability […] [Read More]

ServNet Auction Group has added two new members to its board of directors, selecting Cole Hooten of Central Arkansas Auto Auction and Mere Rangel of Big Valley Auto Auction to join current members Vann Humphrey of Carolina Auto Auction and Billy Willis of Greenville Auto Auction. The board will be led by chairman Ryan Clark […] [Read More]

In an effort “bring fresh energy, diverse perspectives and deep expertise to the organization,” NextGear Capital recently added three new members to its senior leadership team along with rolling out a revamped website. Executives joining the inventory finance company for independent dealers were Tara Galloway, Jennie Kilgore and Shannon Landreth, reinforcing NextGear Capital’s “commitment to […] [Read More]

Experts are seeing auto financing “trending back toward pre-pandemic norms” based data contained in TransUnion’s Q3 2025 Credit Industry Insights Report (CIIR). TransUnion reported on Monday that originations rose 5.2% year-over-year to 6.7 million, supported by Federal Reserve rate cuts and stable inventories. Analysts noticed growth was led by super prime (up 8.4%) and subprime […] [Read More]

In today’s wholesale automotive marketplace, transparency and trust are the driving forces behind stronger transactions. With vehicles often sold sight-unseen through digital or simulcast platforms, buyers depend on condition reports to provide an honest reflection of a vehicle’s health. That’s why the integration of accurate OBDII Diagnostic Trouble Code (DTC) data into auction condition reports is emerging […] [Read More]

Walser Automotive Group has added a new brand — along with a new location in its home market. The dealership group, based in Minneapolis suburb Bloomington, Minn., has opened its first Kia store, Walser Kia, in nearby Minnetonka. The new franchise is led by general manager Campbell Walser, son of company partner Paul Walser and […] [Read More]

Golling Automotive Group added a new brand to its Detroit-area dealerships with the acquisition of Mark Chevrolet in Wayne, Mich., from Charles Cabana, a deal announced by Performance Brokerage Services, which represented the buyer. Performance Brokerage Services’ Mark Shackelford Jr. said Golling, which now operates nine franchise locations and a used-car store in the Detroit […] [Read More]