The Dave Cantin Group has sold two of its businesses in a move to narrow its focus. The automotive mergers and acquisitions advisory company said Biltmore Automotive Services, a management consulting and service provider to auto industry investors and financial firms, has acquired two of DCG’s lines of business: DCG Capital and the Ownership Accelerator […] [Read More]

Northwood University announced a one-day automotive summit featuring automotive industry leaders and experts coming up Oct. 3 on its campus in Midland, Mich. The CAMS Industry Summit, hosted by Northwood’s Center for Automotive and Mobility Studies, will cover topics facing the automotive industry today, including retail trends, dealer relations, F&I, compliance and regulations, and the […] [Read More]

An interest-rate cut is widely expected to arrive when the Federal Reserve announces its decision on Wednesday. But the current environment described by economic experts and research projects from the American Financial Services Association and KeyBank illustrated the significant headwinds credit providers and small businesses now face. In fact, one respondent who participated in AFSA’s […] [Read More]

Ford was the big winner as Vincentric announced the results of its seventh annual Best Certified Pre-Owned Value in Canada awards. The Blue Oval claimed a total of seven awards — two at the brand level and five model awards –— to lead all makes for the second consecutive year. Ford continued its dominance among […] [Read More]

One of Canada’s top luxury and exotic car dealership groups has extended its foothold in the U.S. Montreal-based Holand Automotive Group has acquired Ferrari of Rancho Mirage in Rancho Mirage, Calif., its second location in California and fourth in the U.S., adding to Lamborghini and Lotus dealerships in Florida. The group said in a news […] [Read More]

Volkswagen Financial Services, the captive finance arm of VW Group of America, has reached a multi-year co-branded agreement with Wells Fargo for the latter to be the preferred purchase financing provider for VW, Audi and Ducati brands in the U.S. market. The partnership will begin in April for Audi and VW dealers, with Ducati coming […] [Read More]

Towards the end of an interview on the sidelines here at the Automotive Remarketing Alliance’s Summer Roundtable in August, John Urness was asked to name a piece of music, movie, TV show, sports moment or book that had stood out to him. After pausing for a second, Urness — who is the head of vehicle remarketing and customer loyalty at Chase Auto — pointed to the recent Summer Olympics in Paris. “It’s amazing to watch the production value of the Olympics and what makes you feel — the emotion,” Urness said. “Because not only do they draw out the realization of what's happening at that point in time, but they bring all the stories behind it.  Seeing folks participate and push themselves and everything it took to get there to do it, I think that's what sticks with me.” [Read More]

Carvana wants you to put your mark on a NASCAR champion’s ride. The online used-car retailer is teaming with Legacy Motor Club to give fans the chance to design the paint scheme for seven-time NASCAR Cup Series champion Jimmie Johnson’s No. 84 Toyota in the upcoming NASCAR Xfinity Series Championship. In a news release, the […] [Read More]

CarGurus has appointed Jennifer Hanson as its new chief people officer, effective Sept. 30, citing her 20-plus years of experience in human resources, employee benefits and law. In a news release, the company said Hanson will lead its People and Talent team in advancing organizational strategies, talent development and engagement to drive business performance. “CarGurus’ […] [Read More]

For Penny and Jiles Wanna, TPC Management is like family. In fact, it is family. The Wannas recently celebrated their 20-year anniversaries with the auto auction consulting and recruiting firm, which was founded in 1996 by Penny’s brother-in-law and sister, Pierre and Pauline Pons. Penny Wanna currently serves as TPC’s vice president of administration and […] [Read More]