HGreg’s Orlando dealership is now two dealerships. The Canada-based dealership group has opened its newest HGreg Lux pre-owned luxury car boutique — inside its existing flagship used-car store in Orlando, Fla. The dealership-within-a-dealership is the fifth HGreg Lux location, joining Miami, West Palm Beach and Pompano Beach in Florida and Costa Mesa, Calif. Like the […] [Read More]

Here’s a deal bringing together artificial intelligence, predictive credit analytics, blockchain infrastructure and investment funding with the goal of boosting performance in auto finance. On Wednesday, ETHZilla Corp., a technology company bringing decentralized finance infrastructure to traditional finance, announced the acquisition of a 20% fully diluted interest in Karus, which is a leading artificial intelligence […] [Read More]

One of this year’s Emerging Companies honored by Cherokee Media Group’s Automotive Intelligence Awards announced a new round of funding Tuesday to support its rapid growth as well as a new CEO to lead the way. The automotive artificial intelligence company, which provides predictive lending insights for dealerships, acknowledged in a news release that its […] [Read More]

Evidently, finance companies are instructing their collections departments to work even harder with customers who are having trouble maintaining their monthly payments. According to S&P Global Ratings’ latest U.S. auto loan asset-backed securities data shared with Cherokee Media Group on Tuesday, extensions as of September exceeded the pre-pandemic level from September 2019 for both subprime […] [Read More]

For Canadian car dealerships, VIN cloning is no longer an isolated criminal tactic — it’s a serious threat that can compromise inventory integrity, expose dealers to significant financial losses and damage reputation and customer trust. As sophisticated fraudsters replicate legitimate vehicle identification numbers to conceal stolen vehicles, dealerships face increased risk, particularly during the acquisition […] [Read More]

Arrowhead Luxury Cars is celebrating the season of giving by partnering with the Homeless Engagement Lift Partnership to support homeless and displaced families in the Glendale, Ariz., community. The dealership group, which operates BMW, Jaguar-Land Rover, Volvo and INEOS Grenadier stores in Glendale, has been collecting toys for children of all ages and connecting community members […] [Read More]

Sandy Schwartz has a new role. Agero said Tuesday that the former Cox Automotive president and CEO has joined its board of advisors. Schwartz spent four decades at Cox Enterprises, where his roles included leading the Cox Media Group and Cox Automotive subsidiaries. He spent the last four as CEO of Cox Family Office. “Sandy […] [Read More]

The most prolific buyer in the auto retail sector has made yet another acquisition — this time, north of the border. Lithia & Driveway announced it has completed the acquisition of Fines Ford in Bolton, Ontario. In a news release, the dealership group said the investment in the Toronto area demonstrates its “continued ability to […] [Read More]

To borrow from the opening lines of a certain TV franchise, in New York City, sports fans are represented by two separate and often not equally important teams: The Yankees or the Mets. The Rangers or the Islanders. The Giants or the Jets. “But most New Yorkers gravitate to the Knicks, despite the Nets being […] [Read More]

HGreg has branched out from its Québec roots to establish a strong presence in the U.S., but its latest expansion is right back at home. The dealership group has acquired Toyota Park Avenue and Honda Park Avenue on Montreal’s South Shore from Groupe Park Avenue, a strategic move president and CEO John Hairabedian said aligns […] [Read More]