We go out West for this round of dealership M&A. Starting in Washington state, the Bud Clary Auto Group has purchased Auburn Volkswagen from Matt Welch, who acquired the dealership in 2006. The news was shared in a release from Performance Brokerage Services, which facilitated the sale. The family-owned Bud Clary Auto Group was founded […] [Read More]

Tennessee shares a border with eight states, including Kentucky, Virginia, North Carolina, Georgia, Alabama, Mississippi, Arkansas and Missouri. And according to Experian Automotive’s first quarter data, the Volunteer State edged out several of its bordering neighbors for the highest rate of used vehicles sold in Q1 with financing attached. Tennessee led the nation in Q1 […] [Read More]

The National Auto Auction Association put in its bid and now has an acquisition coming down the lane. NAAA has purchased the World Automobile Auctioneers Championship from Paul Behr, announcing the deal at the 2022 WAAC event in Des Moines, Iowa. Behr has owned WAAC since 2005. The event brings in the nation’s top auctioneers […] [Read More]

Jason Barrie, chief operating officer of Digital Air Strike, and Erika Maley, director of marketing for Don Hattan Dealerships, join the Auto Remarketing Podcast to talk Google vehicle ads and their role in dealership advertising and vehicle merchandising. To listen to the conversation, click on the link available below, or visit the Auto Remarketing Podcast page.  Download and […] [Read More]

It’s been a busy month so far for Lucid Group. The luxury electric vehicle manufacturer finalized a path for its customers to secure financing through a relationship with Bank of America, which is also leading a credit facility for the company worth up to $1 billion. And then on Friday, Lucid announced the official opening […] [Read More]

We wrap up our series of podcasts recorded during this year’s Non-Prime Auto Financing Conference, hosted by the National Automotive Finance Association, with a visit with Davis + Gilbert partner Joseph Cioffi. Cioffi, who also runs the Credit Chronometer, discussed where risk is now percolating and how finance companies are handling it. To listen to the […] [Read More]

In this episode of the Auto Remarketing Podcast, Jim Johnson, who is vice president of account planning at VDX.tv, joins the show to talk about the role of connected TV in automotive, the changing landscape of video advertising, how that applies to automotive and much more. To listen to the conversation, click on the link available […] [Read More]

Advanced Business Computers of America (ABCoA) rolled out its latest dealership tool on Thursday. The Software-as-a-Service company known for Deal Pack and cyclCRM announced a new dealer management software (DMS) called DST Dealership Sales Tools. ABCoA highlighted DST is a brand-new, browser-based DMS built specifically for dealers. The company highlighted dealers can manage inventory and […] [Read More]

Agora Data and Black Book now are working together to help independent dealerships. Through a news release distributed on Wednesday, Black Book announced the integration of its VIN-specific valuations and insights into the Agora Data product suite. The data integration allows Agora Data to improve the precision and effectiveness of its auto dealer financing capabilities. […] [Read More]

Experts from Cox Automotive and Edmunds offered perspectives on what might happen within auto financing after the Federal Reserve made its largest increase interest rates at a single point since 1994. The Federal Open Market Committee voted 8-1 this week to raise the target range for the federal funds rate by 75 basis points to […] [Read More]