HGreg is opening its new storefront HGreg Infiniti Blainville, also to serve as a new facility for HGreg Nissan Blainville. The dealership invested $26 million to adapt the dealerships to fit the new Nissan and Infiniti brand images, the dealer group said in a press release. “The HGreg Group is a leader in the Quebec […] [Read More]

The volume of vehicles coming down the fleet or off-rental lanes at your auction of choice might be picking up in a few months. Cox Automotive posted an analysis of Bobit data that highlighted September sales into large rental, commercial and government fleets increased notably year-over-year. Analysts discovered sales to large fleets — excluding dealer […] [Read More]

CarMax’s 30th birthday party was a real bell-ringer. The nation’s largest used-car retailer celebrated its 30 years in business by ringing the closing bell Tuesday at the New York Stock Exchange. President and CEO Bill Nash and vice president of corporate social responsibility Laura Donahue — a founding CarMax associate — did the honors, accompanied […] [Read More]

TradePending, a sales enablement and consumer experience software platform for car dealerships, has acquired Fixed Ops Digital, a marketing and technology company supporting dealerships’ fixed operations departments. TradePending is backed by private equity firm Capstreet. “Auto dealerships are increasingly looking to their fixed operations departments to drive revenue, and we believe Fixed Ops Digital’s marketing […] [Read More]

Santander Consumer USA landed another working relationship to provide financing services for an automaker. On Wednesday, SCUSA said it will provide nationwide installment contract and lease options to Lotus customers and dealers through an exclusive, multi-year agreement. The development arrived soon after Santander forged a similar arrangement with INEOS Automotive. North America is a key […] [Read More]

Jeffrey Brown is moving from one of the biggest players in all of automotive to another. Ally Financial announced Wednesday that Brown will be stepping down early next year after serving as chief executive officer and a member of Ally’s board of directors since 2015. According to a news release, following his departure, Brown will […] [Read More]

Informativ rolled out its newest tool this week to help its client base of more than 7,000 dealers and other businesses that utilize its credit-focused lead generation, credit reporting and compliance solutions. The company introduced CreditDriver, which can allow consumers to start the car-buying experience on their mobile device. Informativ highlighted CreditDriver is exclusively powered […] [Read More]

Origence recently announced its first keynote speaker for its annual users’ conference. The technology solutions provider for credit unions said Andrew Busch will be one of the experts on stage during Lending Tech Live ’24, which is scheduled for June 25-27 at the Marriott Marquis in San Diego. Busch was the federal government’s first chief […] [Read More]

The National Automotive Finance Association plans to host two major industry events in 2024. Along with its Non-Prime Auto Financing Conference in June, the NAF Association announced details of second gathering. The organization said the 2024 Auto Finance C-Suite Retreat is an exclusive event designed for top executives, thought-leaders, and decision-makers at auto finance companies […] [Read More]

Following up from its recent Executive Lending Roundtable, Open Lending announced the launch of what the provider of contract analytics, risk-based pricing, risk modeling and default insurance called the Open Lending Economic Vehicle Accessibility Awards (EVAAs). The company said this new awards program recognizes Open Lending partners who are “paving the way for equitable vehicle […] [Read More]