Experian this week rolled out its latest effort to curb fraudulent applications amid rising vehicle prices and the automotive industry relying more heavily on digital retailing. The company introduced the Hunter Automotive Fraud Alliance, which Experian described as a collaborative data network designed to help automotive finance companies in the United States share real-time fraud […] [Read More]

Group 1 Automotive had a record-breaking third quarter, and according to company officials, technology is playing a big role in that success. The dealer group, which operates 201 dealerships and 41 collision centers in the U.S, and U.K., reported $4.7 billion in revenues and total gross profit of $786.2 million – both company records – during its quarterly earnings call this week, as well as $169.8 million in adjusted net income. Group 1 also set all-time highs for ... [Read More]

McGovern Automotive Group announced it has added to its holdings in New York with the acquisition of Genesis of Queensbury. The Massachusetts-based dealer group will relocate the dealership to Albany, some 50 miles south, joining its Jaguar Land Rover and Volvo stores at the Albany Luxury Car Campus. In a news release, McGovern said much […] [Read More]

There are 20 groups for all manner of car dealers – franchises, independents, buy-here pay-here, big dealers, small dealers, fixed ops and more. Now there’s a 20 group for vendors. Vendor 20 Group (V20), which launched with its inaugural meeting Oct. 16 in Las Vegas, bills itself as the auto industry’s first 20 group “dedicated […] [Read More]

WEINS Auto Group recently held a celebration to recognize the dealer group’s 50th anniversary in the Markham, Ontario community. Don Valley North Toyota, the dealer group’s flagship store, posted a video on YouTube highlighting the event and showcasing highlights from the celebration. In the video description, the dealership team shared, “On October second, we marked […] [Read More]

Canada is positioning itself as not only an electric vehicle supplier, but also a supplier of the materials needed to make the batteries that power these vehicles. Canada and Ontario governments are working in partnership with Umicore Rechargeable Battery Materials Canada to welcome a new manufacturing plant to the Loyalist Township capable of producing components […] [Read More]

Get Spiffy Inc., an on-demand car care, technology and services company, has introduced a new tool designed to enhance transparency and trust in auto servicing by providing hyper-detailed visual tire diagnostics. The company said the tool, called Easy Tread, corresponds with evolving customer expectations for more visual communication in auto repairs, citing J.D. Power’s 2022 […] [Read More]

The digital auto auction space continues to grow, with the latest expansion coming from Roadra, an online platform that lets consumers sell vehicles directly to dealers. The company said Wednesday it has secured $5 million in funding to scale Roadra further. The planned expansion and development of new products include artificial intelligence-powered photo and video […] [Read More]

Paul McCarthy, vice president of sales, key accounts, at Protective Asset Protection, made another appearance on the Auto Remarketing Podcast for a conversation about dealerships and their F&I activities. McCarthy recapped Protective’s latest dealer survey and how F&I professionals are handling an environment with high interest rates and vehicle prices. The conversation can be found […] [Read More]

Gettel Automotive has expanded its Florida holdings by acquiring Stadium Toyota in Tampa from the Parks and Couey families. Kerrigan Advisors, which represented the sellers in the transaction, announced the sale in a news release. The dealership is ranked among the nation’s top 10% of Toyota dealerships and has earned numerous awards for its sales […] [Read More]