The more researchers examine the current state of household finances, the more they’re uncovering plenty of negative trends. The two newest developments surfaced this week from The Federal Reserve Bank of New York’s Center for Microeconomic Data and the LegalShield Consumer Stress Legal Index (CSLI). The New York Fed released its September 2024 Survey of […] [Read More]

Go Auto plans to continue to grow and the dealership group is interested in acquiring franchises in Western Canada, the dealership group’s president Phil Abram told Auto Remarketing Canada. But it is also eying further expansion in the United States, he said. “Acquisitions are always challenging to forecast in terms of exact timelines, but I […] [Read More]

Lithia & Driveway’s first foray into international markets was through a Canadian acquisition and LAD president and CEO Bryan DeBoer has said the publicly listed dealer group will continue to grow in Canada. “Canada has been our top target for growth outside of the United States with its similar business practices and a market opportunity […] [Read More]

When Phoenix Raceway hosts the NASCAR Cup Series Championship next month, Carvana and its home state of Arizona will be front-and-center for driver Jimmie Johnson’s No. 84 Toyota. The online used-car retailer partnered with Johnson and LEGACY MOTOR CLUB for Carvana’s Fan Design Contest, which gave fans the chance to design the paint scheme for […] [Read More]

automotiveMastermind has named a new chief operating officer. Promoted to the COO role is Jeremy Carter, who was previously vice president of business operations. The move was effective this month. Carter has been with automotiveMastermind since March 2021. Prior to his time with the company, he worked in the software industry for more than 15 […] [Read More]

The Clement Auto Group has acquired Marty Cancila Dodge Chrysler Jeep Ram in Florissant, Mo., according to the Tim Lamb Group, which brokered the transaction. A news release indicated the dealership near St. Louis now will operate as Clement Chrysler Dodge Jeep Ram Florissant. Tim Wild, director of the Midwest and Plains Region for the […] [Read More]

The automotive industry is witnessing a transformative shift in how technology and artificial intelligence are being integrated into auto sales and remarketing strategies. New advancements are streamlining operations and enhancing customer experiences and sales effectiveness. Technology offers numerous benefits in the workplace, including saving time, streamlining processes, and analyzing data. Such advantages help business leaders […] [Read More]

Craig Amelung is less than two weeks into his tenure as National Auto Auction Association president and is already tackling one of the most pressing issues in the overall auto industry: cybersecurity. NAAA said Tuesday it has launched a Cybersecurity Task Force, created by Amelung, that will be led by Eddie Lafferty, who is the […] [Read More]

The U.S. Marine Corp. might not be an official training institution for the auto-finance industry. But John Messiha used it nicely to become an executive with Bank of America, Capital One, Goldman Sachs, Uber and Bridgecrest Acceptance. “The first goal is mission accomplishment. Then the second goal is troop welfare. And you can’t do one […] [Read More]

Auto finance is leading the way in a trend that’s likely to give executives and managers plenty of headaches. A global TransUnion analysis found that fraud continues to significantly impact businesses and their bottom lines. The newly released H2 2024 Update to the State of Omnichannel Fraud Report, which explores fraud trends in the first […] [Read More]