A major dealership group just got a little bigger. Keating Auto Group, one of the largest dealers in Texas, has acquired Buckalew Chevrolet in Conroe, Texas, a transaction announced by Kerrigan Advisors, which represented the seller. Keating, based in Victoria, Texas, operates 30 dealerships in the state, as well as an insurance company an advertising […] [Read More]

Kansas City. Houston. Las Vegas. And now: Boston. Carvana announced last week that it is planning for an auction and reconditioning Megasite at its ADESA Boston location, which will include Carvana’s Inspection and Reconditioning Center (IRC) capabilities at the existing site along with maintaining all digital and in-lane auction operations. ADESA Boston, located near downtown […] [Read More]

OTTOMOTO has been as busy as any shop in financial services on the partnership front. Last week, the innovator in digital lending platforms finalized a partnership with Carleton, a provider of financial calculation and compliance solutions The companies said this strategic collaboration is set to broaden Carleton’s impact in the automotive finance industry, bringing compliance, […] [Read More]

MC2 Finance, a provider of commercial transportation financing solutions, recently announced a new partnership with FlexPath DXP, a company associated with digital identity verification and credit prequalification technologies. Through this partnership, MC2 Finance will utilize FlexPath’s VeriQual solution to streamline credit prequalification and identity verification processes, enhancing security and efficiency for both MC2 Finance and […] [Read More]

FICO recently released new research from its second annual Global Scams Impact Survey regarding consumers’ increased use of real-time-payments (RTP), leading to higher reported scam threats and an increase in losses. Overall, FICO found consumers around the globe report that with the increase of scams, they have higher expectations for fraud prevention at banks. Experts […] [Read More]

Xcelerate Auto, a Texas-based provider of electric vehicle leasing, financing and warranty solutions, recently introduced a new payment option for its XCare EV Protection plan. Through an exclusive partnership with Service Payment Plan (SPP), Xcelerate now can enable customers to purchase XCare EV Protection with a convenient, interest-free payment plan, requiring no credit check and […] [Read More]

The Consumer Financial Protection Bureau recently released a report examining federal and state-level privacy protections for consumers’ financial data. The regulator said its report noted that protections under federal regulations for financial data have limits. Yet, officials pointed out many new state data privacy protections exempt financial institutions and consumer financial data covered by federal […] [Read More]

Cox Automotive began the year by selling its product cancellation and refund tool to F&I Sentinel. Then on Monday, Vitu, an innovator in vehicle-to-government (V2Gov) technology, announced it has entered into a definitive agreement to acquire the Dealertrack registration and titling businesses from Cox Automotive. According to a news release, this transaction does not impact […] [Read More]

Independent car dealerships had to navigate a number of trends in 2024, from supply constraints to consumers reacting to new economic pressures. While the coming year is showing positive signs for used-car dealers, we’ve learned that the future is never certain. No matter what curveballs are around the corner, there are key strategies used-car dealers […] [Read More]

It’s that time of year again, time to reflect on all that we should be thankful for. First and foremost is our life and health. It’s much easier to focus on all that’s wrong in the world. Now, down to business. You know that tension that always seems to be there between your sales and […] [Read More]