ACV said Monday it has launched a self-service portal for dealer customers using ACV Capital’s floor plan services. Dealer customers will be able to access a seamless post-auction financing solution through the floor plan program in the portal, which is now available. The self-service portal, which is located in the top navigation bar on the […] [Read More]

Penske Automotive Group has added two new brands to its existing portfolio in the Indianapolis market with the acquisition of Terry Lee Hyundai and Genesis in Noblesville, Ind. The purchase bumps Penske’s total expected acquired annualized revenue this year to roughly $745 million. “We are pleased to add the Hyundai and Genesis brands to our […] [Read More]

Canada Drives has added a new province to its footprint: Saskatchewan. With this expansion, the online platform — which allows consumers to buy, sell and trade in vehicles — is now available in four provinces: Saskatchewan, Alberta, British Columbia and Ontario. “We’ve built the trust of thousands of Canadians and have proven that Canada Drives’ exceptional service […] [Read More]

Tricolor is more than just retailing vehicles in the Hispanic market nowadays. Last week, Tricolor announced a $212 million social bond — what the company claims is the first ever in the United States collateralized by consumer auto asset backed securities (ABS) — to empower underserved, low-income communities and provide them with improved access to […] [Read More]

F&I product providers Protective Asset Protection and AUL Corp. now are both part of Protective Life Corporation, a wholly owned U.S. subsidiary of Dai-ichi Life Holdings. The transaction, which was announced on March 21, closed on Monday. “Growth through acquisitions continues to be an important part of Protective’s success story; however, it’s important for us […] [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 have a conversation about one of the most popular topics of the year: electric vehicles. Courtney Dusseau, Katie Johar and Branson Smith of […] [Read More]

U.S.-based auto retailer Lithia & Driveway, which expanded into Canada last year with the purchase of Toronto’s Pfaff Automotive Partners, has increased its Canadian footprint with a purchase announced Tuesday. In the first addition to its Canadian portfolio since buying Pfaff, Lithia has acquired Thornhill, Ontario-based Sisley Honda. The store, which opened in 1946 and […] [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 turn our focus back to the wholesale space. Brad Burns of Manheim delivers a keynote presentation titled, “Digital Wholesale: Moving at the Speed […] [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 share a presentation about another way to retail vehicles. In a keynote presentation, Chip Perry of A2Z Sync asks the question: “Is one-person […] [Read More]

Quantum5 reinforced its executive management team on Monday. The company that offers a platform designed "to transform dealership training and bridge the gap between the traditional and digital customer" announced the hiring of Blair King as its new vice president of marketing and Matt Montgomery as its vice president of accounting and finance. King, who […] [Read More]