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 Mainly that the stereotypes about them portrayed in a recent line of Vroom commercials are a bit outdated and inaccurate, the comedian opined in Part I of Wednesday’s Adam Carolla Show.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]

American Financial Services Association senior vice president Celia Winslow appeared on this episode of the Auto Remarketing Podcast to discuss what the Consumer Financial Protection Bureau reported when the regulator examined subprime auto financing earlier this year. Winslow also shared what the association’s dialogue has been like with federal lawmakers and other happenings in Washington, […] [Read More]

Penske Automotive Group didn’t have to go far for its latest purchase. The retailer said Tuesday it has acquired Erhard BMW of Bloomfield, which is just over a mile away from and located on the same street as Penske’s Bloomfield Hills, Mich., headquarters. The store is Penske’s 48th BMW store globally and the automaker’s largest […] [Read More]

Well, perhaps you can call it a gift for used-car managers. At least wholesale values aren’t rising as much now as they did earlier this year. That’s the gist of the latest Market Insights from Black Book, which described the auction scene as dealers get ready for what some stores call the “13th month.” [Read More]