Holman has closed its acquisition of North Carolina-based Leith Automotive Group, a deal Holman said nearly doubles its automotive retail business. The companies announced an agreement for the transaction in January. The purchase, which Holman said is the largest in the company’s 100-year history, includes 13 new-car franchises and an auction center — the first […] [Read More]

In an era where digital transformation is not just an advantage but a necessity, automotive dealerships stand at the precipice of a new dawn. Artificial intelligence is leading this charge, offering innovative solutions that promise to redefine how dealerships engage with their customers, manage their inventories, and streamline their operations. This spotlight delves into the […] [Read More]

Leading Montreal luxury auto dealership John Scotti Automotive is celebrating its 50th anniversary. Founder John Scotti is well-known in the community as an entrepreneur and leader in the auto industry, according to a news release. By age 16, Scotti already had obtained his class 1 mechanic certification, making him the youngest person to obtain this […] [Read More]

Hyundai Auto Canada recently announced a partnership with the Professional Women’s Hockey League (PWHL), after recently being named one of the 2024 Best Workplaces for Women by Great Places to Work. The multi-year Canadian partnership with the league includes naming Hyundai as the first-ever Official Vehicle of the PWHL. The partnership also names Hyundai Canada […] [Read More]

Credit automation is old hat in auto finance. Organizations have long used tools to automate credit processing and spare themselves thousands of personnel hours annually that would otherwise be devoted to the process. But when it comes to funding, automation is often absent or severely limited. The status quo for approving and funding contracts is […] [Read More]

How’s tax season going at your buy-here, pay-here operation? According to the latest update from the Internal Revenue Service, consumers are getting an average refund amount that’s 5.8% higher than last year. The IRS reported that through March 8, the agency had processed 61,877,000 returns, distributing $135.281 billion in refunds. That amount is 7.4% lower […] [Read More]

In the wake of the global pandemic, the automotive industry has been riding through a storm of unprecedented challenges and transformations. As the world gradually emerges from the shadows of COVID-19, a significant shift in the car retail landscape is becoming increasingly apparent, particularly in the electric vehicle sector. The pandemic has accelerated changes in […] [Read More]

Vroom, which in January said it would be ending ecommerce operations and winding down its used-car retail business, said last week it expects to complete that wind down by the end of the first quarter and that it has sold “substantially all of our used vehicle inventory.” The company, which also reported fourth-quarter and full-year […] [Read More]

Wisconsin-based Kunes Auto & RV Group will be closing its location in Monmouth, Ill., as it consolidates Kunes Chrysler Jeep Dodge RAM of Monmouth with a neighboring Kunes store, the company said. Kunes said it’s making the move “to bring efficiencies to the business,” and said customers from the Monmouth location will still have access […] [Read More]

The biggest name in the rental car business is getting a new leader. Hertz Global Holdings announced Gil West, former chief operating officer of Delta Airlines and General Motors’ Cruise autonomous vehicle unit, will take the reins as its CEO effective April 1. He’ll succeed Stephen Scherr, who the company said has decided to step […] [Read More]