Del Grande Dealer Group has added another Hyundai dealership to its footprint in Northern California. Del Grande has brought in Fremont Hyundai, formerly known as Hanlees Fremont Hyundai, to its lineup. This store, located in Fremont, augments the dealer group's existing lineup of 14 brands and 12 dealerships. The dealership brings the company's employee headcount to more than […] [Read More]

CARFAX chief executive officer Dick Raines will retire from that role on Nov. 30, and taking over as CEO on Dec. 1 will be vice president Bill Eager, the company said in a news release Monday. “It’s been my honor and privilege to work with Team CARFAX for the past 30 years in fulfilling our […] [Read More]

CarLotz, a consignment-to-retail used-vehicle marketplace, has entered the Peach State, the company announced on Monday. The company said its new Georgia hub will be located at 4400 Stone Mountain Highway in Lilburn, Ga.  The store, serving the greater Atlanta area, will allow CarLotz customers to utilize its services online, or "in-hub,"at the Lilburn location.  "We […] [Read More]

The parade of records connected with franchised dealerships just keeps on marching. According to the Second Quarter 2021 Blue Sky Report by Kerrigan Advisors, the dealership buy/sell market hit yet another historic high, with 320 transactions completed in the 12-month period since the economy re-opened in June 2020. [Read More]

Fintech firms are investment in people and buildings, too. Continuing a trend of recent activities, iLending announced last week that it has opened its newest office in Columbia, S.C.  According to a news release from the auto refinancing company, team members have begun work in the facility, and approximately 40 consultants are slated to be […] [Read More]

Last week, the National Association of Federally-Insured Credit Unions announced the hiring of Gregory Mesack as senior vice president of government affairs, bringing more than two decades of experience in financial services policy advocacy. In this role, NAFCU said Mesack will lead the association’s legislative, political, regulatory, compliance assistance, research and economic divisions. In the past, […] [Read More]

Experts at Cox Automotive, the National Association of Federally-Insured Credit Unions (NAFCU) and S&P Global Ratings all tried to make sense of recent trends such as retail sales, unemployment, the pandemic and more. [Read More]

Buy Your Car has launched in North Houston, Texas. The online service allows customers to sell their vehicles online, and aims to help provide more quality used inventory for dealers.  A consumer can submit a VIN or license plate number, current photos and answer a series of questions, and they will receive an offer for their […] [Read More]

Fleet management company Donlen announced that it has joined the Climate Group's EV100 in an effort to push electric transportation to the forefront of mobility.  The EV100 is described as a team of companies committed to "shaping the market for EVs by building demand and establishing electro-mobility as a mainstream transport solution." To join the coalition […] [Read More]

Black Automotive Media Group recently played a key role in launching an intiative that resulted in launching automotive media internships for North Carolina Central University and Clark University students. The program behind these internships — "Driving Force" — will work to offer multi-media career development to undergraduates at historically black colleges and universities (HBCU). The program will also […] [Read More]