DealerPeak, whose goal is to bring "joy back into the process" of buying and selling a car, is partnering with Dealer Wizard to help stores adapt to used-car inventory shortages.  The new partnership is designed to help dealer groups share to-the-penny offers with customers to increase inventory and monthly service and sales revenue.  "In today’s difficult environment […] [Read More]

Third-party logisitcs brokerage Montway Auto Transport has hired two new c-level executives this week. Chosen as the company's new chief operating officer is Kaye Ceille, while Alberto Anguiano has been named its new chief financial officer.  These moves are designed to help continue future development and growth, Montway said. Ceille brings over 25 years of experience within the transportation and travel […] [Read More]

Consumers in the Boise, Idaho area reho were curious about the Carvana towers and/or hard-to-miss delivery trucks now have the option to check out the used auto retailer for themseves. Carvana announced Wednesday that it has launched in Boise, its 308th urban market.  Customers can secure as-soon-as-next-day-delivery, or they can sell their current vehicle to Carvana, […] [Read More]

FordDirect, which is a joint venture between the automaker and its franchised dealers, has partnered with compliance tech company ComplyAuto to help address  the complex regulatory compliance issues dealerships face. And ComplyAuto is no stranger to the privacy, security and other regulatory compliance concerns of auto retail stores. In fact, the company — a compliance and […] [Read More]

Asbury Automotive Group has agreed to buy Larry H. Miller Dealerships and Total Care Auto from the Larry H. Miller Group of Companies, the retailer announced Wednesday. The acquisition — which has a $3.2 billion aggregate purchase price that includes roughly $740 million in real estate — would bring one of the country's largest dealership […] [Read More]

Cox Automotive confirmed in a statement Tuesday that it is moving its Canadian reporting structure into its U.S. operations as part of plans to “simplify its structure for local and global customers.” Maria Soklis, who is president for Cox Automotive Canada & Brazil, has chosen to leave the company at the end of next month and […] [Read More]

Private equity firm Brightstar Capital Partners said Tuesday it has completed its acquisition of XLerate Group, a deal initially announced Sept. 2. Brightstar is now the majority owner of the auto auction and remarketing facilitation company. “The XLerate team’s industry knowledge and operational expertise impressed us as we spent time at their auction sites around […] [Read More]

As a used-car manager, perhaps you might be thinking, “Well, if I’m going to have to spend this much on inventory, at least those cars will turn fast.” But as ESPN college football broadcaster Lee Corso says, “Not so fast, my friend!” [Read More]

If we were taking a look at new vehicles and how they fit car seats and applied it to report cards, only four would make the honor roll. That's according to the recent 2021 Car Seat Fit Report Card from Cars.com. That said, automakers aren't the only ones not living up to standards here. More than half […] [Read More]

A new partnership with Big Think+ will give LGM Financial Services dealer training customers access to an expansive archive of video lessons that teach "essential 21st century skills from the world's top minds."  Now, on top of LGM's training modules already in place, dealers have access to modern courses from Big Think’s video library. These include lessons like "Selling with […] [Read More]