Another Canadian dealership group has expanded to the U.S. Ride Automotive, which includes two Kia stores in Canada, has purchased Simi Valley Chrysler Dodge Jeep Ram from Robert Bayer and Mac McKinley, according to a news release from Performance Brokerage Services, which advised on the deal. Ride Automotive plans to bring in Performance Brokerage Services […] [Read More]

You likely weren’t overreacting if it seemed like it was more difficult to get your dealership’s contracts bought last month. Cox Automotive reported access to auto credit tightened again in January, according to the Dealertrack Credit Availability Index for all types of auto financing. The index declined 1% to 98.0 in January, reflecting that auto […] [Read More]

It already might be Valentine’s Day, but we’re not yet finished with top 10 lists recapping 2022. NextGear Capital recently highlighted the Top 10 vehicles on its floor plan in 2022. Executives pointed out that eight of the top 10 vehicles floor planned with NextGear Capital last year represent the top three used vehicles sold […] [Read More]

Advanced Business Computers of America (ABCoA) is kicking off its 40th anniversary by hosting its fifth Deal Pack User Conference on Feb. 27-28 at its headquarters in Jacksonville, Fla. The software-as-a-service company dedicated to the used-vehicle and special finance industries and known for Deal Pack and cyclCRM highlighted that its User Conference is designed to […] [Read More]

The retail auto industry in Canada has experienced significant turmoil since early 2020 when COVID hit, both in the new and used markets. Pile on economic shutdowns, production challenges, short new and used inventory, price hikes, and more, and you have a dramatically changing market.  In some ways the auto retail landscape is unrecognizable from […] [Read More]

On Monday, Canadian Black Book introduced a Retail Listings Visualization dashboard for the Canadian auto industry that gives its clients into such statistics as vehicle portfolios, brand penetration, in-market and out-of-market sales, and certified pre-owned optimization. Additionally, the dashboard allows users to spot vehicles for sale in their own markets or in outside markets, while […] [Read More]

Foundation Automotive Corp., which operates dealerships in both the U.S. and Canada, announced last week it has acquired Crossroads Dodge Chrysler Jeep Ram in Liberty, Texas. With the purchase, Foundation now has 17 stores in Texas and eight Stellantis stores in the U.S. Overall, the group includes 37 locations in Canada and the U.S. “We’re […] [Read More]

The used electric vehicle market has miles to go before reaching critical mass, but sparks of growth in recent months may indicate the segment is gaining traction. For one, there are three times as many used EVs on dealer lots as there were 18 months ago, according to Recurrent, an EV battery and range analytics […] [Read More]

Two experts from Experian Automotive discussed two important parts of the electric vehicle market for this episode of the Auto Remarketing Podcast recorded during NADA Show 2023 in Dallas. Kirsten Von Busch discussed trends connected with EV shoppers, while Melinda Zabritski analyzed how those consumers are securing the financing needed for delivery. To listen to […] [Read More]

Space Auto expanded both its physical and human resources to position the company for growth. The integrated software and marketing solution provider for dealerships announced three new leadership hires, including two veterans of CarOffer. The company also is moving into a larger office space in Dallas to keep pace with its growing team and client […] [Read More]