Ignite Consulting Partners ended up with a great way to promote its upcoming compliance conference courtesy of the latest action by the Minnesota attorney general. The firm recapped in its Tip of the Week about Minnesota attorney general Keith Ellison filing a lawsuit against an independent dealership and its owner for variety of alleged misdeeds, […] [Read More]

A common hesitancy consumers might have about buying alternative-fuel vehicles (even used ones) is that the cost is too high. And that assumption isn’t entirely wrong — it might be fair on some models, particularly electrics. However, there are deals to be had in the used-car market for alternative-fuel vehicles — even beyond government rebates […] [Read More]

Group 1 Automotive has completed a $500 million increase in its revolving syndicated credit facility. The giant dealer group, which owns and operates 203 dealerships in the U.S. and U.K., now has a total credit facility of $2.5 billion with 20 financial institutions that will expire in March 2027 and can be expanded to $3 […] [Read More]

APCO Holdings continued to grow on Wednesday, announcing the acquisition of Crystal Fusion Technologies, which is a provider of automotive glass protection solutions. The provider and administrator F&I products and home to the EasyCare and GWC Warranty brands said this strategic acquisition marks a significant milestone for APCO as it expands its portfolio and strengthens […] [Read More]

Based on a recent industry survey of auto dealership executives located throughout the U.S. orchestrated by Lotlinx, approximately 31% of respondents said they still rely only on gut instinct to manage their dealership’s vehicle inventory. This represents almost one third of dealer executives who fall into this bucket. It is no wonder that the same […] [Read More]

Motive Retail, a provider of integrations and technology in automotive retail, is collaborating with Cox Automotive’s Dealertrack DMS to integrate its Motive Integrator eXchange platform with Dealertrack’s Opentrack API integration program. The MIX platform is designed to empower software providers with an “integrate once, connect to many” approach, allowing automotive software vendors to connect not […] [Read More]

There’s more money to go around at Getaround. The connected carsharing marketplace announced its existing debt facility with Mudrick Capital Management has been expanded to provide the company with up to $50 million in additional capital. Getaround said it drew down the first $20 million of that capital on Monday. “Earlier this year we proactively […] [Read More]

The American Recovery Association handed out nine industry awards during this year’s North American Repossessors Summit. The 2024 NARS Industry Awards recognized repossession agents as well as representatives from finance companies and service providers. Along with explanations of each award from ARA, the honorees included: Agent of the Year – Justin Hammett with Snatch Masters […] [Read More]

Technology can be used to track just about every kind of metric imaginable. But new research from Bain & Company spotted one potential blind spot. That research indicated just 24% of companies say they are ready for upcoming sustainability reporting requirements — a potentially worrying statistic as Bain said it can take years to build […] [Read More]

Samuel Levine recently gave a speech at the Fordham University Law School in New York. The director of the bureau of consumer protection at the Federal Trade Commission highlighted the ways the agency is working “toward a safer, freer, and fairer digital economy.” Levine outlined three goals the FTC has for a better digital economy. […] [Read More]