Lithia is tackling Dallas expansion with the help of a former New York Giants linebacker.  In an update Tuesday, Lithia & Driveway said it added two open points in Texas, including one in which it teamed with former NFL star Jesse Armstead. For its new Grapevine Honda store in the Dallas-Fort Worth market, Lithia partnered with […] [Read More]

TransUnion sees consumers who rent where they live as constituting as much as half of the individuals who possess non-prime or lower credit profiles; if they even have a credit score at all. Credit bureau analysts see that if rent payments were included in these consumer reports, the number of individuals who fall into lower […] [Read More]

Federal government support and other aid from the financial world are continuing to subdue bankruptcy filings. [Read More]

AutoCanada has purchased Ontario independent dealer Mark Wilson’s Better Used Cars, a move the retailer says augments its plans of building its Used Digital Retail Division. This is the second independent dealer AutoCanada has purchased. In a similar move, the group bought Haldimand Motors, also an Ontario independent dealer, in December as part of its […] [Read More]

One of the reasons Cherokee Media Group added the National Auto Venture & Investors Conference (NAVIcon) was because of how much investment activity is happening in automotive nowadays. Another development surfaced on Monday, as Turo announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission relating […] [Read More]

Dealers Auto Auction Group’s first-ever facility in the Carolinas is set to host its inaugural sale next week. Dealers Auto Auction Columbia, the group’s eighth overall auction, will feature more than 300 vehicles in its debut sale Monday, including consignment from dealers and commercial accounts like ARI, Element Fleet and U-Haul. The auction, located in […] [Read More]

How many of you uttered (or heard) this phrase back when cars had more analog controls? “The volume knob must be broken.” That was also the cleverly worded headline of a summary slide in the second AutoIMS Industry View, a quarterly recap of data metrics gathered through the AutoIMS Sales Scorecard. And it certainly speaks to […] [Read More]

Drive Appeal, an independent dealership group with five rooftops in Minnesota, is turning to artificial intelligence to boost its underwriting and enhance vehicle deliveries. According to a news release, Drive Appeal (formerly AC Motors), recently selected AI-powered platform Scienaptic AI to be able to offer financing to more customers. “Scienaptic's AI-powered platform is a fantastic […] [Read More]

Now as the newly installed chief executive officer of iLendingDIRECT, Tom Holgate is looking for the company fueled by resources from private investment firm J.C. Flowers & Co. to continue to leverage the refinancing marketplace aided by strong used-vehicle prices. “The heightened used-vehicle prices have helped draw awareness to the opportunity of refinancing a car […] [Read More]

Startup Carputty wants to “rewrite industry rules” when it comes to auto financing. The firm now has more than $7 million in funding to get that process in motion. On Friday, Carputty announced it has raised $7.2 million in a seed round led by Kickstart Fund, which contributed $3 million. The funding round also includes […] [Read More]