Kelly Stumpe grew up the dealership world and began her own auto industry career at a BMW store in 2016. And last year, she used that dealership savvy and automotive know-how to launch The Car Mom, a multi-platform resource to help moms and families make informed and confident car-buying decisions. Stumpe joined Cherokee Media Group’s […] [Read More]

Perhaps those certified pre-owned Fords currently in your inventory might have become even more valuable thanks to a relationship the Blue Oval made with LexisNexis Risk Solutions. On Thursday, Ford and LexisNexis Risk Solutions announced they have entered into a strategic agreement so that Ford connected vehicle data can be available to U.S. auto insurers […] [Read More]

The XLerate Group continues to make big moves this summer. A week after announcing new majority ownership and less than two months after buying Liquid Motors, the company has expanded its reach into Louisiana. XLerate said Thursday it has purchased Greater Shreveport-Bossier Auto Auction. With this acquisition, which is the group’s 10th, XLerate now has […] [Read More]

Wholesale vehicle prices in Canada have climbed four consecutive weeks, amid tight supply that’s often gobbled up as soon as buyers can get their hands on a vehicle. That’s according to the latest Canadian Auto Market Update from Canadian Black Book, which said overall wholesale vehicle prices climbed 0.21% last week. That’s up from a […] [Read More]

After last week’s 25th annual Non-Prime Auto Financing Conference, the National Automotive Finance Association made three new additions to its board of directors. According to messages sent to SubPrime Auto Finance News, the new NAF Association board members are: — Jeff Anderson, vice president of claims products at SWBC — Carissa Robb, president of Constant […] [Read More]

Just like the pandemic is slowing defaults and vehicle repossessions, COVID-19 is keeping bankruptcy courts quieter than usual, too. Epiq released its August bankruptcy filing statistics from its AACER bankruptcy information services business this week. [Read More]

Tricolor has operated its vehicle retail and financing enterprise focused on the Hispanic market for the past 14 years in California and Texas. Now with financial resources from one of the most notable investment firms in the country, Tricolor has its sights set on expanding nationwide. On Thursday, Tricolor announced a $90 million convertible preferred […] [Read More]

If you live in a Western state, chances are the landscape features more than just mountainous scenery. It may also include pricey used vehicles. Same goes for two metro areas of South Florida. [Read More]

Cox Automotive experts tried to put some seasonal context when explaining the latest movements of the Manheim Used Vehicle Value Index and other parts of the wholesale market. [Read More]

The California New Car Dealers Association Scholarship Foundation is providing more than $100,000 to students seeking out automotive technology careers through its annual CAR CAREERS Scholarship Program; the winners of which it announced this week. The dealer association’s scholarship program selected honorees after evaluating applicants’ academic performances, career interests and industry experience. The foundation’s board chose […] [Read More]