Black Book noticed typical wholesale price movements as October concluded, with one anomaly being increasing values observed for small pickups that are 8 years old or newer. But with Tuesday being both Election Day and the release of its newest installment of Market Insights, Black Book pointed to the run for the White House as […] [Read More]

Corwin Automotive Group likes Colorado Springs so much it bought another dealership there. The Fargo, N.D.-based dealership group has acquired Groove Honda in Colorado Springs. Colo., according to Pinnacle Mergers and Acquisitions, which advised on the transaction. The dealership, which has been renamed Corwin Honda of Colorado Springs, is Corwin’s second in the market, joining […] [Read More]

Two major events designed to help buy-here, pay-here dealers and other parts of the automotive space are coming together next year. Organizers announced on Monday that Compliance Unleashed — a compliance-centric conference for automobile dealers and finance companies — will join the annual BHPH United Summit in 2025. They said attendees will now have access […] [Read More]

CarGurus announced it has introduced a new digital retail platform designed to power more efficient connections between dealers and purchase-ready shoppers in Canada. The company said Digital Deal enables consumers to start their financing application online for eligible new and used vehicles, book an appointment and start a trade-in before completing the process at the […] [Read More]

In 2012, Colin Li moved to Newark, N.J., from Hangzhou, China to study computer science with a career of goal of landing a computer programmer job with the likes of Microsoft or Google. Today, Li holds a master’s degree in computer science from the New Jersey Institute of Technology and is currently pursuing an MBA at New York University on a part-time basis. But his career path took a sharp turn ... [Read More]

Dalton Motors operates 50 auto dealerships in Mexico and three in the United States. But if you ask the company’s CEO Juan Carlos Rodriguez Villava about the Mexico dealerships, he will tell you he likes to think of his company in different terms. He elaborated on that as he talked about winning the International Dealer Group of the Year award, presented by Mach10 Automotive. The dealer group will be recognized at Used Car Week later this month. “We like the name, ‘international,’ but we like more the name North America,” said Villava, who works out of the company’s dealership group in National City in southwestern San Diego County, Calif. “I was born and raised proudly in Mexico, schooled here in the U.S., also have some school in Canada, so I personally feel like there’s no better region in the world than North America, for those three countries as a region.” He continues on that theme when asked to ... [Read More]

Delaware-based Winner Automotive Group added to its holdings in its home state with the acquisition of Diver Chevrolet in Wilmington from the Diver family. The dealership, now called Winner Chevrolet, becomes Winner’s sixth location in Delaware, joining Audi, Ford, Hyundai, Subaru and Volkswagen stores. Winner also operates Ford, Jaguar, Land Rover, Volvo, Porsche, Bentley, MG, […] [Read More]

It’s been a busy fall on the partnership front for OTTOMOTO, a technology provider for dealerships and finance companies to facilitate financing in the auto, RV, powersports, marine, and aircraft markets. The newest partnership for OTTOMOTO is with Conecta Marketing Group, which powers ConectaAuto.AI. From credit applications to final funding, OTTOMOTO’s platform is meant to […] [Read More]

SelectFI turned to the former vice president of engineering at ACV to be its chief technology officer. On Friday, the startup that offers artificial intelligence-driven customer financing solutions for automotive dealerships appointed Joe Peacock as CTO. Founded in 2023, SelectFI is a SaaS company serving auto dealerships with patent-pending technology that can enhance financing accuracy. […] [Read More]

On Monday, Consumer Portfolio Services recapped the success stemming from its decision to partner with SentiLink, a provider of advanced identity verification and fraud detection solutions. The subprime auto finance company said the partnership enabled CPS to improve its fraud prevention efforts while also saving the company approximately $1 million per quarter so far. SentiLink’s […] [Read More]