While reiterating that it has finalized its acquisition of the auto finance division of Crescent Bank, Arra Finance also announced this week that it has increased its funding capital sources. With the completion of these key business developments, Arra Finance said it has taken “a major step forward as a significant player in the subprime […] [Read More]

In this installment of Auto Remarketing’s 40 Under 40 franchise, we feature the 2025 honorees in the “40 Under 40: Industry” program, which is sponsored by IAA and focuses on consignors, auctions, auto finance, vendors, tech companies, associations and other players within the used-car space. Honorees will be recognized in the October issue of Auto Remarketing and […] [Read More]

Big Time Advertising founder and CEO Terry MacCauley recently discussed two of the most sensitive topics dealers can ever tackle. Politics and social media. “In today’s digital-first world, your social media presence is part of your brand, whether you like it or not,” MacCauley said in an industry message. “That includes both your dealership and […] [Read More]

Edmunds reported the number of consumers who committed to a monthly payment of $1,000 or more when financing a used or new vehicle during the third quarter continues to be high, with a new record surfacing among used vehicles. According to the latest analysis from Edmunds released on Wednesday, the share of buyers committing to […] [Read More]

In automotive retail, time is one of the most overlooked cost drivers. A car sitting too long on your lot does more than just take up space. It weakens your margins, strains your working capital, and reduces buyer confidence. Aged inventory is not a minor operational issue. It is a strategic liability. For dealerships looking […] [Read More]

CanadaOne Auto will soon have a new majority owner. The dealership group has entered into an agreement in which Australia’s Eagers Automotive Limited will acquire a 65% ownership interest in CanadaOne and its affiliated entities based on an overall enterprise value of $2.5 billion. As part of the deal, CanadaOne’s shareholders expect to become Eagers’ […] [Read More]

Go Auto keeps going. And growing. The Edmonton-based dealership group has added another store in Western Canada with the acquisition of Heninger Toyota in Calgary from the Gibson family. The store, which will be renamed Macleod Trail Toyota, gives Go Auto 69 locations in six Canadian provinces and the U.S. state of Washington. The acquisition […] [Read More]

Dealers Auto Auction Group, which currently has 10 auctions located primarily in the Southeast, believes it can double its footprint in the next five years, group executives told Auto Remarketing at the National Auto Auction Association’s World Remarketing Convention here last week. The Franklin, Tenn.-headquartered group has locations in Arkansas, Tennessee, Mississippi, Alabama, and Georgia, […] [Read More]

Brett Sutherlin is thinking big with his latest purchase. The owner of Sutherlin Automotive Group announced he has acquired McKenna Subaru in Huntington Beach, Calif., aiming to turn it into the nation’s largest Subaru store. “This is more than an acquisition,” Sutherlin said. “It’s a statement of intent. Southern California is the most powerful car […] [Read More]

Super Dispatch has introduced a tool designed to solve a wait-y problem. The auto transport management platform unveiled Instant Transfer, an embedded real-time payment tool for carriers. The company said Instant Transfer allows verified carriers to receive funds from shipper-initiated payments in seconds — 24/7/365, including nights, weekends and holidays. In a news release, Super […] [Read More]