Credit Acceptance set a record during the second quarter courtesy of artificial intelligence. The subprime auto finance company said late Tuesday afternoon that a record 11,004 dealers were active on its platform during Q2, with the company enrolling 1,456 new dealers. Credit Acceptance cited two reasons for the record achievement, including: —Deal optimization: Enhanced its […] [Read More]

One of the leading dealers in the mobile service space is now utilizing Curbee as its new mobile service technology platform. Bozard Ford Lincoln, which completes more than 2,000 monthly mobile service appointments and includes a fleet of more than 40 service vehicles in northeast Florida, has signed on to the Curbee platform, the latter […] [Read More]

The movement of vehicles to a dealership has traditionally been treated as a back-end logistics function. But for used-car decision makers navigating tight margins and changing expectations, auto transport needs to be front and center to their business strategy and operations. Data from nearly 10 million vehicle shipments completed through the Super Dispatch platform in […] [Read More]

With the Presidio Group acting as exclusive financial advisor, STELLA Automotive AI on Monday announced the closing of its Series B financing round, which raised $22.1 million to accelerate commercial expansion, scale go-to-market initiatives and support continued product development. According to a news release from Presidio Group, the round was led by Maroone USA, and […] [Read More]

Big Time Advertising founder and CEO Terry MacCauley recently issued a warning and follow-up recommendations that might help dealerships stay out of trouble with Google and federal regulators. “Your review program may have just become a liability,” MacCauley said. Why? MacCauley explained how the situation changed on July 24. “Google updated the review snippet structured […] [Read More]

The Florida Automobile Dealers Association has named a new president to succeed Ted Smith, who has retired after leading the FADA for 25-plus years. Selected for the role is Peter Cuderman, a move that was effective Saturday. Cuderman was mostly recently director of legislative and intergovernmental affairs in the executive office of Florida Gov. Ron […] [Read More]

When dealer principals contemplate selling a dealership, the conversation naturally centers on valuation, blue sky multiples, taxes, transaction structure, and buyer demand. These are all critical elements of a successful transaction, and they largely determine the economics of the deal. What many dealer principals underestimate, however, is that agreeing on price is only one milestone. […] [Read More]

Online used-car retailer Clutch has launched a new customer hub in Halifax, Nova Scotia, the third physical location that the company has opened this year. The Halifax Customer Hub, which joins locations in British Columbia and Ottawa, offers a pickup and dropoff location for Halifax customers buying or selling used car through the Clutch website. […] [Read More]

Adverse action notices in subprime auto financing are common. An acquisition that closed on the last day of July and announced publicly on Monday is designed to make sure that’s not the end of the road for all parties involved. MeridianLink, a provider of modern software platforms for financial institutions and consumer reporting agencies, acquired […] [Read More]

AutoNation had some solid wins in its used-car operations during the second quarter, including a “healthy” supply of pre-owned units within the dealer group, stable profitability and expectations for off-lease growth in the second half. During an earnings presentation last week, AutoNation CEO Mike Manley said the retailer continues to post strong sales of used […] [Read More]