What’s “been the honor of my career” is winding down for Credit Acceptance’s Kenneth Booth. The subprime auto finance company announced on Tuesday that Booth, who is CEO and president and a member of the company’s board of directors, will retire on Jan. 31 and remain a board member. Arriving much sooner than that date […] [Read More]

Strong Automotive has introduced a new media strategy designed to fuse the reach of linear TV with the precision and accountability of streaming services. The marketing and advertising agency for dealerships said Modern View was created to deliver a “unified, impression-based buying model” and maximize impact on all screens. “For years, dealers had to choose […] [Read More]

Employee satisfaction is up at auto dealerships and fewer employees are looking to leave, according to the latest research from dealership management software provider CDK. But that doesn’t mean all is perfect for dealership staff. CDK’s 2025 Dealership Workplace Study, a survey of 409 employees from stores across the nation, found job satisfaction has soared […] [Read More]

As if car dealers didn’t have enough to worry about between affordability and supply issues and the economic and political climate, they might now be facing a loyalty crisis. Data from VehicleLyfe shows loyalty among automotive dealership customers has dropped to its lowest level since the company began keeping records in 2019, a situation it […] [Read More]

Looking for an indicator of which brand a prospective car buyer is going to purchase? You might start with what’s already in that customer’s garage — even if the customer changes brands. According to the U.S. Automotive Brand Loyalty Mid-Year 2025 Study from LexisNexis Risk Solutions, households with more than one vehicle can directly impact […] [Read More]

Onward and upward. Those two words could summarize analysis by Wolters Kluwer Compliance Solutions for its Q3 Auto Finance Digital Transformation Index. Wolters Kluwer said adoption of digital workflows in auto finance continued to track closely with broader market activity during the third quarter, while digital securitization activity showed strong quarterly growth. Analysts pointed out […] [Read More]

AutoNation reported a relatively strong used-car performance in the third quarter as its focus on optimizing used acquisition showed results. But its inventory holding strategy did expose AutoNation to margin depreciation, AutoNation CEO Mike Manley said during the third quarter earnings call. He expects that to continue in the fourth quarter. “I think we have […] [Read More]

Rick Case Automotive Group has raised its support for a Florida hospital to another level. Rita Case, president and CEO of the South Florida-based dealership group, last week presented a $2 million donation to Cleveland Clinic Weston Hospital in Weston, Fla., to help fund research, education, patient care, programmatic and capital needs. “We have always […] [Read More]

New research released by the American Financial Services Association (AFSA) on Monday highlighted how much vehicle financing fuels the U.S. economy. AFSA and Oxford Economics found that vehicle-finance providers contributed $125.5 billion to U.S. GDP in 2023, equivalent to $17 for every $100 in loans originated. Researchers said the sector supported about 680,000 full-time equivalent […] [Read More]

EBlock is selling its New Orleans and Houston physical auctions to America’s Group, EBlock parent company E Automotive Inc. announced in a news release Monday. America’s Group will acquire the auctions for roughly $11 million in cash, subject to customary purchase price adjustments. The deal is expected to close Thursday, subject to customary terms and […] [Read More]