With S&P Global Ratings acknowledging that the U.S. economy “could be facing an unhappy summer,” LendingClub Corp. released findings from the 11th edition of the Reality Check: Paycheck-To-Paycheck research series, conducted in partnership with PYMNTS.com. LendingClub highlighted the Financial Distress Factors Edition examined the financial lifestyle of U.S. consumers who live paycheck to paycheck, the […] [Read More]

Dare Saul wanted to raise money for the NIADA Foundation. And the Arkansas operator wanted a highline model he could immediately list online, too. Saul accomplished both goals last week during the final day of the NIADA Convention at the MGM Grand in Las Vegas. Saul, owner of D3 Auto Sales in Des Arc, Ark., […] [Read More]

Many folks love to vacation either in south Florida or Las Vegas. Lithia & Driveway are looking to retail more vehicles to potential buyers who might reside in those locations. The company announced on Tuesday it has expanded its south Florida footprint with the purchase of nine Lehman Auto World stores and two Esserman International […] [Read More]

Mergers and acquisitions are happening in automotive adjacent industries, too. On Monday, carsales.com, one of the largest online marketplaces in Australia focusing on the automotive, motorcycle, and marine spaces, announced the intention to purchase the remaining 51% of Trader Interactive from the current investors, Eurazeo and Goldman Sachs Asset Management to bring its holding up […] [Read More]

Evidently, ACV is a great place to work. The digital automotive marketplace and data services partner for dealers and commercial partners announced on Monday that it has been named one of the Best Workplaces in New York in 2022 by Great Place to Work and Fortune. The Fortune Best Workplaces in New York accolade is […] [Read More]

Dealer Image Pro recently announced results from an industry survey it commissioned to better understand how dealers are using vehicle photography and video to best merchandise cars and trucks in today’s digital retailing landscape.  Dealer Image Pro presented an online survey to more than 3,000 automotive dealer professionals during June. According to a news release, […] [Read More]

This dealership news roundup begins with another Canadian-based group expanding its footprint in the United States. A couple of days after Steele Auto Group finalized an acquisition with Group 1 Automotive, Knight Automotive Group made a deal with the John Elway Dealership Group. According to a news release from Performance Brokerage Services, the firm assisted […] [Read More]

Dealer Inspire (DI) recently finalized a new OEM partnership with Subaru of America. The Cars.com company that provides advanced technology and digital advertising solutions to the automotive industry has been named a certified website provider in the Subaru Certified Retailer Program. According to a news release, DI will have the opportunity to partner with Subaru’s […] [Read More]

VINData, a provider of trusted vehicle history and remarketing information, recently announced a partnership with Inovatec, a leader in cloud-based loan origination and loan management solutions for the automotive sector. Through this relationship, VINData will integrate its offerings into Inovatec’s platforms, giving finance companies across the United States and Canada “unprecedented” visibility into the histories […] [Read More]

The newest partner of Credit Union Leasing of America (CULA) is familiar of what it’s like to be a champion. CULA recently announced it is now partnering with UNIFY Financial Credit Union (UNIFY), the official credit union of the 2022 NFL champion Los Angeles Rams. Working together, UNIFY now has successfully launched its indirect vehicle […] [Read More]