Spartan Auto Group has sold its Spartan Toyota, Wolverine Toyota and Lexus of Ann Arbor to Germain Automotive Partnership and has sold its Lexus of Lansing store to Serra Automotive. The transactions were announced by Kerrigan Advisors, which represented Spartan Auto Group and the Criscuolo family. “It was our honor to work with the Criscuolo […] [Read More]

AutoCanada said Monday it has acquired Kavia Auto Body in Saskatoon, Saskatchewan. The purchase of the collision center, which has been open for nearly 40 years and is an SGI Elite collision center, is AutoCanada’s fifth acquisition in the past three months. Kavia Auto Body is located near AutoCanada’s Dodge City Auto and Saskatoon Motor […] [Read More]

When the final results are tallied, look for October’s used-car sales market to be down double-digits from a year ago, but steady with September. In a forecast released Friday, TrueCar projected slightly less than 3 million used-car sales for October, which would be a 13% year-over-year decrease and static month-over-month. Through nine months of the […] [Read More]

Two dealership service providers now are working together to help managers get their inventory to stand tall on the front line faster. Dealer Image Pro, a leader in professional photo, video, and interactive 360-degree software for dealerships, announced it has integrated its Photo Assistant and Autoport software with Rapid Recon’s reconditioning workflow software to improve […] [Read More]

Vroom said Friday it has added Fernwood Holdings CEO and managing director Timothy Crow to its board of directors. In addition to his time with that venture capital investment firm, Crow has held executive roles with The Home Depot and Kmart. “We are thrilled to announce the addition to our board of directors of Tim […] [Read More]

Dealers Auto Auction Group has acquired Atlas Auto Auction, a move that adds the Little Rock, Ark., market to the auction group’s footprint. With the purchase of Atlas, DAAG now has 10 auctions throughout the Southeast. “We are very excited about the acquisition of the Atlas Auto Auction and entering the Little Rock market,” DAAG […] [Read More]

A recent dealer survey by eLEND Solutions showed how much stores feel exposed to fraud. Last week, Point Predictive launched a solution to address that specific challenge and more with a tool to help finance companies vet dealerships based on their historical contract performance Point Predictive highlighted DealerExplorer is a solution that can help auto […] [Read More]

Wolters Kluwer recently announced third quarter results and analysis from its Auto Finance Digital Transformation Index, a key resource that tracks the rate at which auto dealers, service providers and finance companies are seeing growth in the evolution from paper-based finance back-office processes to digital.  According to the index, auto dealers, service providers and finance […] [Read More]

Last week, Tenet announced that the company has secured what it believes is the first-ever electric vehicle (EV) only warehouse facility to make EVs more affordable. According to a news release, Tenet has entered into a warehouse financing agreement of up to $20 million with Silicon Valley Bank (SVB) to fund Tenet’s EV installment contract. […] [Read More]

The noise that you are about to hear — loud and clear — in the used-vehicle market during the next few months will not be the loud pop of a market bubble being pierced; rather, it will be the slow and steady hiss of air being released from an admittedly overheated market. While the cooling […] [Read More]