The National Independent Automobile Dealers Association’s top dealer training program is coming back in 2025. The association said it will offer two Certified Master Dealer classes in 2025, the first sessions of its highest-level education curriculum since 2019. In an announcement posted on its website’s Dashboard, NIADA said it will offer individualized programs for retail […] [Read More]

National Lenders General Agency, which is part of MEI Group USA family of companies, recently announced the addition of Bill Murphy to its team. The company said Murphy has signed an agent contract to represent National Lenders and Empire’s programs in the buy-here, pay-here space. Based in Texas, National Lenders highlighted Murphy’s arrival marks a […] [Read More]

Rick Case Mazda unveiled its new look last week. The Duluth, Ga., dealership held a grand re-opening celebration that capped an eight-month expansion and renovation project. The ribbon-cutting ceremony was attended by community leaders — including Duluth mayor Greg Whitlock and five city council members — as well as Mazda executives. As a result of […] [Read More]

While the online retailer is facing much criticism and serious allegations from the investment community, Carvana gained more resources from one of its key financing providers. Carvana revealed in a filing with the Securities and Exchange Commission on Monday that it amended the second amended and restated master purchase and sale agreement with Ally Financial. […] [Read More]

For decades, M&A and buy-sell has been a part of the auto auction industry — and, really, most any industry with a constituency mix of corporately and independently owned businesses experiences consolidation. But the moves in the last three years have arguably led to the greatest change in the auto auction landscape in decades. In […] [Read More]

Longtime OPENLANE leader Jason Ferreri has joined America’s Group as chief revenue officer, the company announced. In a news release, America’s Group, which includes America’s Auto Auction and AXLE Funding, touted the addition of Ferreri as an illustration of its “dedication to driving innovation and growth” in the auto remarketing industry. “Jason’s deep knowledge of […] [Read More]

Former Emerging 8 selection TurboPass again honored dealerships before the year finished. Ten recipients were among the 2024 Dealer of the Year Awards given by the financial technology software company based in Austin, Texas, specializing in automation, SaaS, and cloud-based solutions for automotive dealerships, banks, and finance companies across North America These annual awards honored […] [Read More]

Point Predictive recently announced a significant expansion of its integration with RouteOne, all in an effort to reduce some of the biggest financing headaches dealerships might experience trying to get a customer delivered. According to a news release, the expansion includes access to IEValidate, Point Predictive’s income and employment validation solution that can help dealers […] [Read More]

Fitch Ratings looked at electric vehicles through the prism of auto asset-backed securities (ABS) transactions. Analysts believe softening EV demand and corresponding price reduction strategies will constrain EV residual values and recoveries. “Ratings are not affected given the limited concentration of EVs in most auto ABS transactions and available transaction credit enhancement, which is sufficient […] [Read More]

Chase Auto opened 2025 with changes at the top of its leadership team. The finance company said Leslie Wims-Morris now is CEO of Chase Auto, reporting to Marianne Lake, who is CEO of consumer and community banking (CCB). Wims-Morris replaced Peter Muriungi, who now is CEO of Chase Connected Commerce, reporting to Allison Beer, CEO […] [Read More]