Fuccillo Automotive Group has sold its Fuccillo Kia of Clermont dealership in the Orlando, Fla.-area to Florida-based Morgan Automotive Group, according to a news release from Kerrigan Advisors, which represented Fuccillo in the sale. Morgan Automotive Group has 53 Florida dealerships throughout Tampa, Gainesville, Ocala, Lake City, Jacksonville, Sarasota, Naples, Fort Myers, Brandon, New Port […] [Read More]

The National Automotive Finance Association solidified its board of directors and voted in two new members last week during its 26th annual Non-Prime Auto Financing Conference in Plano, Texas. The NAF Association announced that Paul Gillespie, who is senior vice president of dealer services at AmeriCredit, will serve another one-year term as president. The organization […] [Read More]

Lot2You Auto Finance sees the No. 1 frustration of subprime consumers as the time spent waiting on an approval and the fear of embarrassment while at a dealership. With that situation in mind while being committed to progressive thinking and innovation in the automotive industry, Lot2You Auto Finance launched its newest product this week, designed […] [Read More]

The credit union located near your residence or business might only be a fraction of the size of ,say, a bank with a national footprint. However, when you add together that credit union with its contemporaries throughout the U.S., then you have what Experian discovered — the largest participant in auto financing. Through the first […] [Read More]

Here’s another development involving EVs and shorter consumer obligations. Ferry, an electric vehicle subscription platform that allows consumers to obtain short-term leases on new EVs, announced this week it has partnered with Inspiration Fleet to make Tesla Model 3s and Model Ys available to customers in Austin, Texas. Ferry said it has also reached more […] [Read More]

CUDL is broadening the reach of its credit union financing network to go beyond vehicles. Integrated Dealer Systems (IDS), a leading RV, marine and trailer dealership management software provider, recently launched a new integration with CUDL. According to a news release, this integration will cut down the time it takes dealerships to process F&I requests, […] [Read More]

Bank of America is electrifying its presence in auto financing. This week, the bank finalized a strategic relationship to Lucid Group — which claims to have the longest-range, fastest-charging electric vehicle on the market — to form Lucid Financial Services, an all-new digital platform offering a flexible, fast and easy financing process, including lease and […] [Read More]

After three months of sequential declines, wholesale vehicle prices edged higher in May and remain well above year-ago levels. The Manheim Used Vehicle Value Index was at [Read More]

RunBuggy, a tech platform designed to connect car shippers and transporters, has secured $19 million in Series A financing from an investor group that includes the Larry H. Miller Company, Porsche Ventures and Hearst Ventures. The funds will be used for continued scaling of the technology and accelerating product adoption, the company said. “For the first […] [Read More]

Central Auto Auction now is being overseen by a new auction manager who has been in the industry longer than the operation itself. Announced earlier this month, the new auction manager at Central AA is Anthony Jasiak, who has more than 25 years of experience. Jasiak started his career as the AGM with ADESA New […] [Read More]