Continuing our series of special episodes of the Auto Remarketing Podcasts featuring general sessions from this year’s Auto Intel Summit — an added benefit for Cherokee Media Group Premium Members — a trio of industry leaders compare and contrast the direct and indirect auto financing models. The panel features Lou Loquasto of FIS, Scott McMahon […] [Read More]

Continuing our series of special episodes of the Auto Remarketing Podcasts featuring general sessions from this year’s Auto Intel Summit — an added benefit for Cherokee Media Group Premium Members — we take another look at the potential for electric vehicles through the prism of the investment community. Allen Bryant of Knightsgate Ventures and Bill […] [Read More]

Continuing our series of special episodes of the Auto Remarketing Podcasts featuring general sessions from this year’s Auto Intel Summit — an added benefit for Cherokee Media Group Premium Members — we feature two leaders who know automotive and investing. Scot Wingo of Spiffy and Brian Panoff of Shell Ventures share a back-and-forth exchange recapping […] [Read More]

KAR Global’s sale of its U.S. ADESA auction business to Carvana is likely to close within a week, KAR leaders said in an earnings call Wednesday, and with that will be a paradigm shift for the wholesale car business. The company, the longtime parent of the nation’s second-largest auction chain, will not have a physical […] [Read More]

In this month’s edition of BHPH Report, Bill Elizondo of the National Independent Automobile Dealers Association mentioned the growing trend of catalytic converter theft as part of this feature story about reconditioning. So just how prevalent is catalytic converter theft? According to a news release distributed this week by CARFAX, the National Insurance Crime Bureau, […] [Read More]

Experts from Agora Data, Comerica Bank, Cox Automotive and Edmunds gave a variety of insights about two of the top current economic trends that can impact auto financing — inflation and interest rates. As expected by these companies, the Federal Reserve raised the federal funds rate by 50 basis points on Wednesday, marking the largest […] [Read More]

Ignite Consulting Partners offers a compliance tip each week for dealerships. This week’s installment delves into a business segment buy-here, pay-here operators often face — repossessions — recapping a $98 million settlement as being possible when regulations aren’t followed exactly. The compliance firm compiled what it called a minimum 8-point checklist to reinforce the importance […] [Read More]

Aggressive dealership acquisition strategies and consumer-centric digital buying platforms  helped Asbury Automotive Group and Lithia & Driveway deliver record earnings and revenue in their respective first quarters of 2022. In fact, Asbury’s 2021 dealership buying spree catapulted it past its previous five-year acquisition target in the first year of the plan. That led the Duluth, […] [Read More]

In addition to reporting quarterly results this week, AutoCanada also announced the acquisition of two dealerships that expand its Ontario presence and adds the Porsche brand to its franchise portfolio. The retailer said Monday it has purchased Porsche of London and Audi Windsor, two stores that generate more than $80 million in annual revenues. “We’re […] [Read More]

One of the recovery industry executives who has been a regular on stage during Used Car Week is with a new company for the first time in nearly 20 years. On Wednesday afternoon, DRN and MVTRAC announced that Cortney Osborne has joined the company as its chief client officer to lead sales, business development, client […] [Read More]