They might be some of the younger personnel at their dealerships, but they’ve already shown their ability to thrive in a variety of roles and responsibilities. This year’s Dealers Under 40, presented by CDK, hail from a variety of operations. Some honorees are already store general managers or leading executives for dealer groups. Others specialize […] [Read More]

Two top executives from Ciocca Automotive, a growing automotive group with 54 dealerships in New Jersey and Pennsylvania, recently described what the partnership with Assurant has done for their dealerships’ F&I performance and other parts of the retailer. “We’re already seeing the positive effects of working with Assurant,” Ciocca Automotive CEO Mark Harrold said in […] [Read More]

The newest data from VantageScore released this week showed that if you want to ignite auto financing, just create a global pandemic or launch tariffs among some of the world’s leading economies. According to the latest edition of CreditGauge from VantageScore that also noted a short-term improvement in repayment activity, global reactions to the new […] [Read More]

Marsim Auto Group has opened a new home for two of its three dealerships. The Toronto dealership group Thursday unveiled the new 40,000-square-foot facility of Toronto Hyundai and Genesis Yorkdale. In a news release, Marsim said the $30 million development, built on a site left underutilized for more than 50 years, “ushers in a new […] [Read More]

The indefinite pause in Canada’s Incentives for Zero Emissions Vehicles rebate program hasn’t significantly affected the number of Canadians considering buying an electric vehicle — but it has made a big difference in how seriously they’re considering it. J.D. Power’s 2025 Canada Electric Vehicle Consideration Study found 28% of new-vehicle shoppers in Canada said they’re […] [Read More]

Former ACV Auctions executive Ryan Story has joined Signal Technologies as senior vice president of operations. The British Columbia-based exporting platform for Canadian auto dealers said Story will oversee operations and remarketing to help dealers unlock the full value of the U.S. wholesale market. Story’s career includes nearly 20 years of experience in operations, sales […] [Read More]

In today’s automotive retail environment, staying competitive often requires significant capital investments, whether acquiring additional rooftops, investing in new technologies, or upgrading facilities to meet evolving OEM requirements. At Mach10 Automotive, we’re often asked how to best leverage real estate assets when the topic of expansion comes up. To fund expansion without taking on new […] [Read More]

Patrick O’Brien is getting straight to work as director of government affairs and compliance for the National Independent Automobile Dealers Association Having just joined the association in recent days, O’Brien already sent a letter to leadership of the Senate Finance Committee. NIADA is seeking language clarifying that the proposed tax deduction for interest paid on […] [Read More]

Finding an affordable new car for someone with bruised credit is likely pretty difficult nowadays. Kelley Blue Book reported that tariffs pushed new-vehicle average transaction prices up by 2.5% month-over-month in April to $48,699. It was the second-highest increase in a single month during the past decade, with only a pandemic-triggered spike of 2.7% in […] [Read More]

HGreg’s customers are going green even if they don’t buy an electric vehicle. The Québec-based dealership group announced its annual Buy a Car, Plant a Tree campaign, in partnership with Tree Canada, resulted in 6,250 trees planted in its home province during the past year, continuing the company’s environmental commitment. The initiative, now in its […] [Read More]