Lithia & Driveway has expanded to Kentucky with its latest purchase. The dealer group announced Tuesday it has purchased Glenn’s Freedom CJDR in Lexington, the 33rd store Lithia has acquired in 2022. Lithia anticipates the dealerships will generate annualized revenues of more than $140 million. The near three dozen stores Lithia has purchased this year […] [Read More]

More changes in connection with America’s Group came to light this week. A few days after the company announced Chuck Tapp would become CEO, another news release indicated XL Funding and Auction Credit Enterprises — two floorplan financing companies affiliated with America’s — have joined forces to operate as Axle Funding. The updated name follows the strategic combination of […] [Read More]

Privacy4Cars said Monday it has closed a new financing round that includes The Presidio Group CEO Brodie Cobb, FM Capital and Automotive Ventures. The latter led Privacy4Cars’ Series A round in August 2021. The growth capital for the company, which provides automotive data privacy and security solutions, comes at a time of regulatory changes in the […] [Read More]

As an added benefit for Cherokee Media Group Premium Members, we are offering special episodes of the Auto Remarketing Podcast featuring general sessions from Used Car Week in November. Our first special episode features the "Auction Technology Part I: Digital Platform Executives Talk Industry Evolution" panel discussion, which included Justin Davis of BacklotCars, Steve Kapusta of […] [Read More]

Another example of the racing and retailing worlds connecting surfaced on Monday. Zeigler Auto Group will serve as primary sponsor onboard Josh Bilicki’s new No. 78 Chevrolet Camaro for Live Fast Motorsports during the 2023 NASCAR Cup Series Season. As the youngest team in NASCAR according to a news release, Live Fast Motorsports welcomes Bilicki […] [Read More]

When faced with adverse times, we get smarter.  In 2008, we transitioned to digital marketing and began looking at our marketing analytics much closer.  In 2020, digital retailing was forced upon the industry, and we had to use new data to determine how effective the online shopper’s experience was. Modern analytics now serve as the […] [Read More]

Each year toward the end of November and throughout December, the world of automotive enjoys its own version of the holidays with its flurry of end-of-year and seasonal promotional advertising. These ads are plentiful on television and typically bring excitement with big sales and big red bows on cars and trucks. Sure, the last few […] [Read More]

AutoNation has made a major play in the aftersales business, announcing Monday it is acquiring RepairSmith, a mobile auto repair and maintenance provider, for $190 million. The transaction is expected close in the first quarter. The retailer said the purchase of RepairSmith gives the company another channel to provide aftersales services to its existing customers […] [Read More]

NETSOL Technologies last week announced the opening of a new support and delivery center in Austin, Texas. The global business services and enterprise application solutions provider highlighted its state-of-the-art facility will have the capacity of accommodating more than 100 employees who will facilitate the company’s growing customer base across the North American region. “Our modern […] [Read More]

Last week, Wolters Kluwer announced the latest results from its ongoing industry survey it has commissioned to better understand where automotive, dealer, and auto finance professionals are still finding barriers in adopting more digitized solutions for back-office documentation processing. Wolters Kluwer presented an online survey to more than 2,000 automotive dealer, finance company and service […] [Read More]