The latest auto-finance data from Edmunds might make the newest tool from FlexPath DXP even more valuable for dealers. FlexPath DXP CEO Tarry Shebesta explained the launch of Personalized Shop-by-Payment (Personalized SBP) answers the two questions car shoppers have at the beginning of their process. What can I afford per month and how much cash […] [Read More]

TrueCar’s stockholders voted late last month to approve the previously announced acquisition of the company by Fair Holdings, an entity led by TrueCar founder and former CEO Scott Painter. The deal is expected to close this month. Once that happens, TrueCar stockholders would receive $2.55 in cash per share. TrueCar will become a privately owned […] [Read More]

America’s Group capped a year of growth by taking the Expressway to the Empire State. A few days before Christmas, the auction group announced it had expanded into New York state with the acquisition of Expressway Auto Auction in Dansville, N.Y. The auction was founded in 1967 and was a multi-generational family-owned business. It has […] [Read More]

Cars Commerce will have a new CEO in mid-January. The company announced Thursday that Alex Vetter will step down from the role and from the board on Jan. 15, and that the new CEO will be Tobias Hartmann, who will also join the board. Vetter will serve as an advisor to the company from Jan. […] [Read More]

Explosive allegations and language surfaced on Tuesday via the unsealing of a Justice Department indictment charging Daniel Chu, the founder and former CEO of Tricolor Holdings with orchestrating a years-long financial crimes enterprise that defrauded multiple banks and other private credit providers. Officials said Chu and David Goodgame, Tricolor’s former COO, were also charged with […] [Read More]

Lucid Group has officially launched a certified pre-owned program, the electric vehicle maker said Monday. Lucid Recharged will include single-owner vehicles with less than 62,000 miles. These vehicles will undergo an inspection process that includes more than 160 points, then receive mechanical and cosmetic reconditioning with Lucid-only parts, as needed. The CPO vehicles include the […] [Read More]

Go Auto is on the go. And right now, its destination is clearly the United States. The Canadian dealership group announced it has acquired Sunrise Ford Fontana and Sunrise Ford North Hollywood in California from Kevin Knight of the Knight Group, a move Go Auto called “a transformative step” as the company reaches deeper into […] [Read More]

Perhaps dealers aren’t expecting an immediate lift from the Federal Reserve lowering interest rates for the third time this year. But overall credit availability already appears to be as good as it’s been in about three years. Cox Automotive reported two days before policymakers revealed their rate decision that the Dealertrack Credit Availability Index reached […] [Read More]

The Federal Trade Commission said this week it is now sending checks totaling more than $9.6 million to eligible consumers impacted by CarShield’s misleading claims about its vehicle service contracts. The regulator recapped that last July, CarShield, a seller of vehicle service contracts, and American Auto Shield (AAS), the administrator of those contracts, agreed to […] [Read More]

Walk into any major hospital administrator’s office, and you will hear them talk about one critical metric: bed occupancy rate. An empty hospital bed is a fixed cost that generates zero revenue. It is a wasted asset. Now, walk into your service department and look at your lifts. Every service bay in your dealership is […] [Read More]