Asbury Automotive Group has signed a deal to buy The Herb Chambers Companies for an estimated aggregate purchase price of $1.34 billion, the retailer announced Tuesday morning. The purchase of the private dealership group includes 33 dealerships, 52 franchises and three collision centers in Massachusetts and Rhode Island. It is said to be “one of […] [Read More]

Cox Automotive reported the arrival of the January reading, coupled with a slight downward revision of December’s mark, left the Dealertrack Credit Availability Index flat on a sequential comparison. However, Jonathan Gregory, a senior manager on Cox Automotive’s economic and industry insights team, pointed out the January reading of 95.4 represented a 2.9% lift year-over-year, […] [Read More]

There’s “snow” rest for the weary in the car business. Shortly after NADA Show 2025, Kirsten Von Busch, director of product marketing at Experian Automotive, joined the Auto Remarketing Podcast to recall her 15-hour roadtrip from Chicago to New Orleans and her “most memorable experience” at the convention last month after a blizzard blanketed the […] [Read More]

The supply of late-model used vehicles, which remains tight, appears to be the biggest thorn in the certified pre-owned vehicle market’s side. However, CPO demand — and opportunity — are plentiful. Getting ahold of those cars is the issue. [Read More]

Georgica Auto Holdings has acquired Kolb Subaru in Orangeburg, N.Y., just north of New York City, from Group 1 Automotive, according to Franchise Equity Partners, an investor in the company. Georgica Auto Holdings, led by CEO Jon Sobel, has been expanding steadily through acquisitions and now operates 27 dealerships in New York, New Jersey and […] [Read More]

AutoNation’s recent earnings call included good news ... and some challenges. AutoNation’s used unit sales were flat year over year, and sequentially down 2% from the third quarter, while supply availability for used vehicles has continued to be a challenge. But looking to the near future, AutoNation expects the normal seasonal swing to used vehicles for the spring selling season to occur, AutoNation chief financial officer Tom Szlosek said during the company’s fourth quarter and full-year 2024 earnings call on Feb. 11. And the company expects that used-vehicle unit sales ... [Read More]

None of President Trump’s proposed tariffs have taken effect yet. But the threat of those tariffs looms large over the auto industry. The announced 25% tariffs on all imports from Canada and Mexico, currently on hold, could have a significant impact on the industry, given the large amount of vehicles and components that cross the […] [Read More]

Upstream Security, a provider of a cloud-based cybersecurity and data management platform purpose-built for the automotive, smart mobility, and IoT ecosystem, recently released the 2025 Automotive & Smart Mobility Cybersecurity Report. Now in its seventh year, the report highlights that despite the increased regulatory attention, the number, scale and severity of cyber-attacks continues to grow, […] [Read More]

Wolters Kluwer is hosting a free webinar at noon (ET) on Wednesday titled, “Strategies to Pledge Electronic Collateral to the Federal Reserve Bank.” Wolters Kluwer explained that pledging an auto loan is an important option for auto lenders because it provides them with liquidity options and reduces financial risk. Lenders are investing and expanding their […] [Read More]

Last week, First Business Bank welcomed Niamh Kristufek to its parent company, First Business Financial Services, as president of specialty finance. With extensive financial services experience, First Business Bank said Kristufek provides strategic guidance and expertise to its accounts receivable financing, equipment financing, and floorplan financing, and SBA Lending teams. Kristufek’s banking career includes leadership […] [Read More]