Monday’s dealer roundup includes the growth of a 3-year-old California group along with the latest charity efforts of an Atlanta-area group in business since the early 1970s. Beginning first in the Golden State, Hello Auto Group announced it has opened a new Mazda dealership in San Diego’s Kearny Mesa community. The dealership and service center […] [Read More]

WalletHub recently released its latest Auto Financing Report, compiling lists of what analysts classified as the Top 20 cities where consumers overspend on vehicles and where they spend the least. Perhaps managers and underwriters could review the lists and say these cities are where finance companies have the most and list risk in their portfolios […] [Read More]

Fitch Ratings acknowledged that artificial intelligence and machine learning  are increasingly deployed in credit and risk functions at financial institutions, enabled by greater data availability and affordable computing capacity While AI and ML can improve operational efficiency and analytical outcomes, Fitch pointed out that using those tools carries risks of “black box” decision-making and data, […] [Read More]

“You don’t normally see quite this big a rollercoaster ride on these lines, but the last two years threw all the rules out the window. So, everyone’s kind of reacting.” While this quote from Joe Miller could really apply to any aspect of wholesale automotive (or society in general?), the vice president of client experience […] [Read More]

On Friday, new enhancements arrived for the flagship automated sales and marketing platform from automotiveMastermind (aM), which is part of IHS Markit. The provider of predictive analytics and marketing automation solutions for dealerships highlighted that the updates to Mastermind are designed to help dealership partners attract customers, maintain profits and sell more vehicles, as well […] [Read More]

Friendemic analyzed more than 52,000 reviews posted online by CarMax and Carvana customers, with the goal of understanding how consumers rate and describe their experience when engaging with these retailers. The online reputation solution provider built specifically for the needs of the automotive and powersports industries discovered many customers greatly enjoyed their experience with CarMax […] [Read More]

Another busy week of dealership activities unfolded with an acquisition involving seven franchises, a dealer association rolling out its annual effort to help college students as well as another large dealer group raising $100,000 for two dozen charities. Let’s begin with the latest M&A move involving Haig Partners, which was the exclusive sell-side advisor to […] [Read More]

Car Capital not only is building its team of executives as well as its financial resources, the auto-finance technology company that strives to get any deal bought no matter the consumer credit background is cultivating its portfolio of dealer clients, too. This week, Car Capital announced the addition of strategic dealer partner, RightWay, which operates […] [Read More]

Digital auto auction EBlock has expanded to the Southeastern U.S. The company said Thursday that beginning Feb. 22, dealers in Alabama, Florida, Georgia, Kentucky, North Carolina, South Carolina, Tennessee, Virginia and West Virginia will be able to utilize the dealer-to-dealer auction platform. EBlock launched in Canada in 2015 and entered the U.S. market in 2019. […] [Read More]

Your dealership customers likely are about to get an injection of cash via their federal tax return. NextGear Capital rolled out a program enhancement on Thursday designed to further improve cash flow for independent dealers to invest back into their businesses. NextGear is introducing a new element to Flex Pricing, a floorplan program that offers […] [Read More]