Having just established new leadership, the American Recovery Association is continuing its proactive approach to serve its members, highlighting the potential pitfalls of a potential “edict” recently made by an unnamed auto finance company. The entire matter stems from recent bulletin distributed by the Consumer Financial Protection Bureau titled, “2022-04: Mitigating Harm from Repossession of […] [Read More]

The newest developments connected with DriveItAway have distinct Michigan connections. First, the provider subscription-to-purchase technology announced on Wednesday that it has launched its electric vehicle program with General Motors to offer the Chevrolet Bolt and Chevrolet Bolt EUV.  And the CARite dealer group, based in Madison Heights, Mich., with 32 locations in 14 states, is […] [Read More]

It was another week of price declines in the Canadian wholesale vehicle market, but with a twist. The week ending Friday marked the first time since mid-March that the decline in car segments was steeper than the drop in truck segments, according to the latest Market Insights report from Canadian Black Book. The overall weekly movement in […] [Read More]

Manheim named a new vice president of remarketing last week, promoting Marty D’Amato to the position. D’Amato has been with the company since 2019, when he joined to lead retail reconditioning operations for Manheim’s Texas market center. His background also includes time with Amazon, Serta Simmons Bedding and the U.S. Army. “Marty’s operational leadership and […] [Read More]

I took delivery of a new work truck about a year-and-a-half ago, back when dealerships were knocking off $5,000 from MSRP, not adding $7,500. Later on, I ordered new wheels, a drop-in bedliner and a tonneau cover to make it the way I wanted. But that’s nothing compared to what John Cena has done. Be […] [Read More]

This roundup of dealer news includes one group rolling out an online retail platform fueled by Cox Automotive’s technology, while another group is growing its footprint near the nation’s capital. Beginning on the acquisition front, Graham Holdings Co., announced on Wednesday that it has acquired a Toyota dealership and a Chrysler-Dodge-Jeep-Ram dealership in Woodbridge, Va., […] [Read More]

In the auction lane, it has been a challenging year for car dealers, with high prices and low supply. In the service lane, it’s more of a mixed bag. A Cox Automotive analysis of data from its Xtime business unit released in late June shows that … [Read More]

Tenet recently made progress on multiple financial fronts. First, the company unveiled a new financial solution intended to lower the cost of ownership for electric vehicles “that rejects standard car depreciation models and values EVs as clean collateral.” Tenet also plans to expand into zero-emission home upgrades to help consumers better achieve their financial and […] [Read More]

One of the speakers at this year’s Auto Intel Summit recently received a promotion by his fintech employer. Lightico, a provider of digital customer interactions, promoted Yotam Haroosh to sales director of consumer lending as part of the company’s rapid growth in the financing space. Lightico highlighted the promotion follows more than five years at […] [Read More]

There now is another way to attach soft-pull credit capabilities onto your dealership website. Automotive digital marketing provider Sincro, an Ansira company, announced last week that it has designated CreditMiner as a preferred partner within its website platform. According to a news release, the preferred partnership with CreditMiner provides Sincro website customers with access to […] [Read More]