National Lenders reinforced its workforce again last week, appointing Brent Newman as regional vice president of sales. With more than 30 years of experience in the buy-here, pay-here and subprime auto finance sectors, National Lenders highlighted that Newman brings a wealth of operational expertise, leadership, and a track record of delivering measurable results for dealerships. […] [Read More]

National Vehicle Safety Recalls Week is coming up March 3-9, and dealership service recall management platform BizzyCar wants to make sure it’s observed accordingly. Vehicle Safety Recalls Week was established by the National Highway Traffic Safety Administration in 2010. It comes up twice a year, when the time changes from standard to daylight savings and […] [Read More]

The California New Car Dealers Association has selected the Dave Cantin Group as the association’s exclusive licensed vendor in the mergers and acquisitions advisory category for 2025. DCG president and CEO Dave Cantin called the timing of the partnership “significant,” noting the recent release of the 2025 Dave Cantin Group Market Outlook Report and CNCDA’s […] [Read More]

With sales of electric vehicles rising in its automotive program, Costco is adding a place to educate customers about them. Costco Auto Program announced it has launched its EV Marketplace to help answer Costco members’ questions about electric and hybrid vehicles and notify them about program incentives related to EVs. In a news release, Costco […] [Read More]

Botdoc.io announced the appointment of Paul Croshaw as its new executive vice president of automotive sales. With more than 22 years of experience in the automotive industry, the provider of secure digital solutions for dealerships and finance companies said last week that Croshaw brings a wealth of knowledge and expertise in leading high-performing sales teams, […] [Read More]

In March, Auto Remarketing releases its annual “Best CPO Dealers” issue, presented by Cars Commerce, which provides a brand-by-brand ranking of the top dealers for certified pre-owned vehicle sales at 14 automakers. For the remainder of February, we will be previewing this issue by sharing the individual automakers’ respective top 10 lists. All rankings are provided by […] [Read More]

In March, Auto Remarketing releases its annual “Best CPO Dealers” issue, presented by Cars Commerce, which provides a brand-by-brand ranking of the top dealers for certified pre-owned vehicle sales at 14 automakers. For the remainder of February, we will be previewing this issue by sharing the individual automakers’ respective top 10 lists. All rankings are provided by […] [Read More]

CarGurus' fourth-quarter and full-year 2024 results were a tale of two segments. The online platform’s retail segment saw strong gains but its CarOffer subsidiary, a digital wholesale platform, continued to struggle. It did, however ... [Read More]

Penske Automotive Group delivered a strong fourth quarter and “another outstanding year of profitability,” said the company’s CEO Roger Penske during the company’s earnings call on Feb. 13. Penske’s used-vehicle business played a role in that. However, that role was a mixed one. Gross profit per used vehicle retailed increased $349 quarter over quarter. But used units retailed ... [Read More]

Last week, AutoPayPlus by US Equity Advantage announced the hiring of Patricia Rodak as its controller to oversee the company’s accounting functions, financial reporting and compliance efforts. Rodak brings more than 25 years of financial leadership experience, with expertise in financial planning, treasury management, audit coordination and process optimization. Prior to joining AutoPayPlus, Rodak held […] [Read More]