In past years, I would have been advising you to use the down time in the last quarter of a year to make assessments about your operation. Under normal circumstances it is time to evaluate your staff, look into your underwriting and plan inventory levels for the coming year. However, 2021 has not been “usual,” […] [Read More]

On Wednesday, America’s Car-Mart announced its second dealership acquisition in roughly the past 60 days. At the beginning of October, this year’s Independent Dealer of the Year acquired a store in Oklahoma. And now, Car-Mart announced it has entered into a definitive agreement to purchase the ongoing dealership assets of Smart Auto Inc., which include Smart […] [Read More]

Cox Automotive chief economist Jonathan Smoke again offered context about the potential influence on auto financing that the Federal Reserve last policy action of the year might have. On Wednesday, the Federal Open Market Committee decided unanimously to keep the target range for the federal funds rate at 0 to 0.25%, with Fed chair Jerome […] [Read More]

While a Maryland Lincoln dealer near the nation’s capital is in construction mode, a store manager with more than 20 years of industry experience purchased his own dealership on the West Coast. Separate news releases detailed Alex Perdikis’ plans for a new Lincoln rooftop in Bethesda, Md., and Vikas Mehandroo fulfilling his goal of becoming […] [Read More]

Adam Carolla has some thoughts about car dealers. Mainly that the stereotypes about them portrayed in a recent line of Vroom commercials are a bit outdated and inaccurate, the comedian opined in Part I of Wednesday’s Adam Carolla Show. The spots, which began during the NFL Playoffs earlier this year, take a satirical, cartoonish poke […] [Read More]

Your store inventory could look more appealing to potential buyers who are shopping online via an expanded strategic partnership Sincro and SpinCar. The automotive digital marketing firm and provider of digital automotive engagement software announced this week that their enhanced alliance is geared to brings automated 360-degree walkarounds to more than 3,000 U.S. auto dealers. […] [Read More]

Carvana is in Maine now. The online auto retailer announced Wednesday that its “soon-as-next-day touchless home delivery” of vehicles is now available in the Portland and Lewiston areas of the state. With the addition of these Maine markets, Carvana delivery is now available in 311 cities throughout the U.S. “We’re on a mission to change […] [Read More]

Dent Wizard International has added another role for chief operating officer Addison Thomas: company president. Thomas, who will remain COO, will take on that role effective Jan. 1. He has been COO since 2018, and previously served as vice president of operations and regional vice president for the West. “I continue to be humbled, honored […] [Read More]

Andrew Stuart is back in auto financing. TD Bank announced this week that Stuart has returned to his former position as president and chief executive officer of TD Auto Finance, once again taking responsibility for the overall leadership and strategic direction of the indirect retail and commercial auto finance business in the U.S. The Auto […] [Read More]

For several months now, Bill Elizondo has been back on the road hosting 20 group meetings in his role as senior moderator and consultant at National Independent Automobile Dealer Association. In this episode of the Auto Remarketing Podcast, Elizondo shared highlights of conversations with operators, how they’ve navigating current challenges and their mood toward the […] [Read More]