National Lenders General Agency has a new chief financial officer, effective immediately. On Wednesday, the provider of collateral protection insurance (CPI) and F&I products for independent dealers nationwide announced the appointment of Dan Moreman as CFO. With more than 30 years of experience in financial leadership, spanning roles from controller to CFO, the company highlighted […] [Read More]

Jonathan Hedy, who is president of Advanced Business Computers of America (ABCoA), explained why he’s organizing a live, online product demonstration event that might include some of his direct competitors vying to serve buy-here, pay-here dealerships. “Dealers deserve to see the best side by side and decide for themselves,” Hedy said in a news release. […] [Read More]

AutoNation is moving ahead with plans to expand its AutoNation USA used-car store footprint this year, said its CEO Michael Manley. “You’re going to see additional openings of (AutoNation) USA businesses this year; for sure they’re already planned, they are already in development,” Manley said during AutoNation’s July 25 earnings conference call covering the second quarter that ended June 30. AutoNation announced ... [Read More]

Along with a discussion about performance among banks, the J.D. Power 2025 U.S. Dealer Financing Satisfaction Study highlighted that Ally Financial topped the chart again among non-captive subprime auto finance companies. The study showed Ally Financial ranked highest in overall dealer satisfaction for a fifth consecutive year, compiling a score of 835 on a 1,000 […] [Read More]

Discussing securitizations, used-car values and more, Fitch Ratings offered multiple projections on Monday, including how auto loan ABS asset performance is weakening from the economic slowdown given the economy’s susceptibility to reduced U.S. growth and trade. Fitch is expecting a mild recession in Canada this year, with annual GDP growth slowing to 0.9%. Analysts said […] [Read More]

SYCN Auto Logistics, Mercury Auto Transport and Rite Way Auto Transport Group have merged, creating what they call the largest founder-led, privately owned transport management company in North America. Under the merger, each brand will continue operations under their existing names, but they will operate under a unified technology platform providing real-time tracking, automated processes […] [Read More]

While the core of TrueCar’s business model continues to be connecting dealers with in-market car shoppers, the company sees its wholesale vehicle sourcing products as key way to further address the needs of its dealer customers. Especially as dealers prioritize used-car acquisitions amid tight supply. Market conditions give the company opportunities “to leverage our ... [Read More]

Mitsubishi’s master plan for North America is beginning to take shape, in the form of its first U.S. gallery dealership. Mitsubishi Motors North America announced a gallery dealership in a new retail development in Antioch, Tenn., southeast of Nashville, is scheduled to open in the first quarter of 2026. The new store will be one […] [Read More]

Wholesale prices dropped another 0.56% last week, according to Black Book’s newest installment of Market Insights. “Depreciation accelerated last week across nearly every vehicle segment,” analysts said. “However, due to the strength of this year’s spring market, current pricing remains above levels seen at the start of the year.” Black Book also reported last week’s […] [Read More]

Some major restructuring is underway in RB Global’s leadership. The parent company of IAA, Ritchie Bros. Auctioneers and 12 other brands announced additions, retirements and shifting roles among some of its top executives in changes set to take effect Sept. 1. The moves are designed to “position the company for accelerated and consistent growth,” RB […] [Read More]