The dealership space is a bit of an untapped resource in commercial real estate. But property and real estate matters are crucial areas for dealers to monitor. That’s where Ned Hennessey and the team at Surmount come into play. Surmount is a full-service commercial real estate platform and said it’s the only one focused exclusively […] [Read More]

Two of the industry’s most prominent independent auto auctions will soon fly under the Manheim banner. Cox Automotive, Manheim’s parent, said Tuesday it has signed a deal with BSC America to acquire the company’s Bel Air Auto Auction in the Baltimore area and its Tallahassee Auto Auction in Florida. The acquisition is expected to close […] [Read More]

You might not have to drive your next car from Avis. It might drive itself. Avis Budget Group has announced a multi-year strategic partnership with Waymo, a self-driving technology company owned by Google parent Alphabet Inc., to launch and scale a fully autonomous ride-hailing service in Dallas. According to the agreement, Avis Budget Group will […] [Read More]

eBay is out to make buying and selling cars on its marketplace as easy as possible. To that end, it has launched Secure Purchase, a system designed to simplify vehicle transactions by managing payment, financing, registration, ownership transfer and transport in one experience. “Online automotive shopping offers unmatched selection and value, but it can be […] [Read More]

Jack Hollis, a former top executive with Toyota North America, has joined Accrual Equity Partners as managing partner. AEP, a private equity firm focused on the automotive services and retail sector, said Hollis will focus on expanding the firm’s presence and its investment, acquisition and partnership opportunities throughout the sector, including dealerships, automotive services and […] [Read More]

Auto dealers today are under constant pressure to operate more efficiently, forecast more accurately, and make faster, data-driven decisions. From inventory management to customer engagement, traditional methods of running a dealership are being re-evaluated in favor of smarter, scalable approaches rooted in automation and intelligence, which means successful dealers are constantly forced to keep pace […] [Read More]

PassTime recently recapped the industry’s lobbying victories in the Sunshine State that arrived in part because of a collaborative effort by the National Independent Automobile Dealers Association, the Florida Independent Automobile Dealers Association and the asset tracking solutions provider. The efforts successfully worked to amend a recent law enacted in Florida regarding legislation associated with […] [Read More]

Next up on our Live Stage from Canada’s Used Car Week is a conversation with Coralee Zueff, author of “Five Star Service Advisor,” about empowering women in automotive and engaging the next generation of auto industry professionals. Zueff talks about her journey in automotive after getting into the industry by accident, engaging students about the […] [Read More]

Already earning high praise from a quartet of finance companies that often operate in the subprime space, Salient announced on Monday that it has secured $60 million in funding to reinforce operations as an artificial intelligence-powered financial services technology provider. Fueling the funding are Andreesen Horowitz, Matrix Partners, Michael Ovitz, and Y Combinator. Salient said […] [Read More]

One of HGreg’s Quebec dealerships certainly merits praise. HGreg INFINITI Laval has been selected for INFINITI Canada’s Order of Merit for the sixth consecutive year. The award recognizes dealerships that demonstrate an exceptional commitment to customer satisfaction, quality of service and operational excellence. “Whether customers are purchasing a vehicle or visiting our service department, our […] [Read More]