Cesar Stark started with a single car, very little capital and a determination to provide for his family. While working as an insurance agent visiting auto dealerships across El Paso, Texas, he saw an opportunity, bought a vehicle to resell, and turned that one car into two. Two became several, and in 2000 he opened […] [Read More]

AutoCanada took another major step towards divesting its U.S. properties, selling Toyota of Lincolnwood in the Chicago area for $40 million in cash (CAD) to Serra Automotive. The deal closed Monday. AutoCanada anticipates selling the rest of its remaining U.S. dealerships by the end of the year. Since classifying its U.S. segment as discontinued operations […] [Read More]

One of the strangest parts of moving to a new country is realizing how quickly your past stops mattering in practical ways. When entering a system like the United States, you can arrive with years of education, work experience, savings, and financial responsibility behind you, and yet, you suddenly find yourself starting from zero again. […] [Read More]

Former Manheim, America’s Auto Auction and ACV executive Matt Arias has a new role leading an auction of his own. Arias, who has been in the auction business since 1999 and was the longtime co-chair of the NAAA Auction Standards and IARA Standards Committees, is now the general manager of Mid Kansas Auto Auction. “We […] [Read More]

Carvana has teamed up with the Jimmie Johnson Foundation to help fast track the career development of aspiring automotive professionals. The online used-car retailer and seven-time NASCAR Cup Series champion have debuted Driving Brighter Futures, a grant program that aims to foster and improve career and technical education (CTE) in automotive and engineering programs at […] [Read More]

For car buyers of a certain age (43, in my case), the analog days of affordable vehicle hunting meant keeping your eyes peeled, head on a swivel for those “For Sale” signs. Black background, bright orangey-red letters. Usually somewhere on the vehicle’s dashboard. As a teenager in the late 90s and early 2000s looking to […] [Read More]

You could say that technology offerings from Advent Resources now are as big as Texas. The software provider that powers the financial layer of the car deal said last week that it is expanding its reach across the Lone Star State to help dealerships simplify and strengthen its operations, as fraud, compliance, and disconnected technology […] [Read More]

America’s Car-Mart evidently just made its second deadline to get new credit stipulations. Through a news release received by Cherokee Media Group at 9 p.m. (ET) on Friday, the buy-here, pay-here dealership company announced that it has entered into an amendment to its credit and guaranty agreement with Silver Point Finance, as administrative agent, and […] [Read More]

United Road is known to deliver vehicles. But the company is earning kudos this week for its ability to “deliver strong performance, partnership and innovation across the automaker’s global operations.” That automaker is General Motors, which named United Road as a General Motors Supplier of the Year for 2025, which marks the third time the […] [Read More]

RockED has launched a new program to help dealers, dealership managers and frontline teams prepare for Federal Trade Commission pricing enforcement, promote advertising transparency and continue to adapt to evolution in the regulatory environment. The “FTC Pricing Enforcement: A Dealer Information Series” course is free to all dealers across the U.S. and includes 12 short […] [Read More]