In what appears to be a growing pattern, a Canadian dealer group has expanded its presence in the U.S. through acquisition. Steele Auto Group, headquartered Nova Scotia, said Tuesday it has purchased North Start Chrysler Jeep Dodge Ram in San Antonio. Steele has 56 new-car stores and seven used-car stores. Based in Atlantic Canada, it […] [Read More]

Lithia & Driveway has named a senior vice president of Driveway & GreenCars. Appointed to lead the strategy of these ecommerce platforms is Carol Deacon, who joined the retailer last year when it acquired Toronto’s Pfaff Automotive Group. Deacon was Pfaff’s chief operating officer and previously worked at McKinsey & Company and Canadian Tire. “Carol […] [Read More]

Carvana is ranked No. 5 on Forbes list of “America’s Best Employers For Women,” which outranks other automotive companies, the online used-car retailer said in a news release Tuesday. Among the various automotive-related companies on the list, Mercedes-Benz USA was No. 52, Hendrick Automotive Group was No. 175, General Motors was No. 342, CarMax was […] [Read More]

City Auto Sales is a leader in the independent used-car dealer space. In this episode of the Auto Remarketing Podcast, chief operating officer Stan Norton joins the show to talk about what sets the group of Tennessee dealerships apart from its peers, its efforts in the electric vehicle space, used-car acquisition strategies and much more. […] [Read More]

Upstart is making great strides in growing its client base, according to data released by Automotive Market Data. The company has been named the fastest growing auto retail software in the U.S. for Q2 2022, From April to June, nearly 240 dealerships went live using Upstart Auto Retail, which was the highest level of growth […] [Read More]

Origence is on quite a record-setting streak. After establishing new marks in 2021 and during the first quarter of this year, the CU Direct brand announced last week that it had delivered a record amount in credit union auto financing through its platforms during the second quarter. According to a news release, credit unions funded […] [Read More]

The impact fraud is having on auto finance and other segments of financial services isn’t diminishing, so Equifax is reinforcing its resources to combat it. Equifax said this week it is expanding its global footprint in digital identity and fraud prevention with a definitive agreement to acquire Midigator, a provider of post-transaction fraud mitigation solutions. […] [Read More]

Interest in used electric vehicles has climbed and sales appear strong — trends that may have far-reaching impacts beyond dealership lots. A year ago, half of electric vehicle shoppers said they would consider going used. But now nearly 80% are interested, according to the Q3 2022 Used Electric Car Market Report from Recurrent, a company […] [Read More]

The largest monetary penalties handed out by the Consumer Financial Protection Bureau (CFPB) since Rohit Chopra became director in October surfaced publicly on Tuesday afternoon. And those penalties surpassing $19 million relate to auto financing. The CFPB penalized Hyundai Capital America for what the regulatory said was repeatedly providing inaccurate information to nationwide credit reporting companies […] [Read More]

Autonomy has teamed up with AutoNation in a partnership the electric vehicle subscription company says will help it scale — both in terms of geographic and product expansion. Currently, Autonomy offers the Tesla Model 3 and Model Y, but AutoNation, which will be Autonomy’s “Dealer of Record,” will aid the company in its plans to […] [Read More]