Freeway Funding is the first client to leverage a new program from Agora Data that’s designed to meet the needs of small to mid-sized finance companies. The fintech company that provides technology, capital and guidance with predictable performance and analytics highlighted that its new program combines traditional bulk transactions with on-going flow arrangements. To kick […] [Read More]

Rebecca Jenkins, senior director of business development with AccuTrade, addressed one of the pressing questions discussed most during this year’s Auto Intel Summit + National Remarketing Conference presented by SmartAuction in Cary, N.C. How are electric vehicles impacting the used-car market? Listen to this episode of the Auto Remarketing Podcast to hear Jenkins’ keynote presentation […] [Read More]

Four automotive companies were selected by U.S. News & World Report for its latest list of Best Companies to Work For. Cars.com Inc., d/b/a Cars Commerce, on the list for the second consecutive year, was joined by CarGurus, Credit Acceptance and Penske Automotive from the auto industry. The magazine said the 300 companies on its […] [Read More]

Lithia & Driveway’s massive portfolio continues to grow. The giant dealership group added three more locations this week with its acquisition of Sunrise Auto Group in the Memphis, Tenn., area, and Woodbridge Hyundai in the Toronto area. Sunrise Auto includes Sunrise Buick GMC at Wolfchase in Memphis and Sunrise Chevrolet Buick GMC at Collierville in […] [Read More]

On Monday, Fixed Ops Roundtable announced the addition of 17 dealerships to the Fixed Ops Roundtable Certified Program, which is designed to recognize and showcase dealerships that demonstrate exceptional performance in employee culture, customer experience, and the implementation of innovative best practices and technology solutions. The honoree list for 2024-2025 includes these dealerships: —Jim Ellis […] [Read More]

Here’s another benefit of being a member of the National Automobile Dealers Association. On Tuesday, NADA and data management services company Authenticom announced a secure platform for dealerships to syndicate their data among vendors, customers and manufacturers. The association said NADA Vault is a tool available to member dealers at no cost. Using Authenticom’s DealerVault […] [Read More]

The Canadian auto industry, be it retail, remarketing or finance, is full of young leaders who have achieved massive success at an early age. Cherokee Media Group is excited to honor many of those individuals in this year’s Remarketing’s Under 40 program, which is presented by EBlock. The 2024 honorees will be recognized in the upcoming […] [Read More]

The decline of Canadian wholesale used-vehicle values continues to accelerate. The latest evidence is in Canadian Black Book’s Used Vehicle Retention Index for May, released this week. CBB’s data showed the index at 137.6, down 2.0% from the previous month and 13.4% from May 2023 – the largest year-over-year percentage drop so far this year. […] [Read More]

Cox Automotive took a second look at the April reading of the Dealertrack Credit Availability Index. As a result, both the April and May readings looked a bit more favorable for dealerships and finance companies. What might be ahead later in the summer could be even more murky. Analysts reported on Tuesday that access to […] [Read More]

Mark Burkholder, president of the Auto Dealer Services Group for Peachtree Planning is an expert financial planner whose specialties include succession planning and estate planning. But at the recent 2024 BHPH United Summit, he spoke about something different — “golden handcuffs,” a strategy dealers can use to entice key employees to stay in the business. […] [Read More]