Exeter Finance is changing hands from one investment firm to another that already has a robust automotive portfolio. The finance company that specializes in the subprime market announced on Monday that it has entered into a definitive agreement to be acquired by an investor group led by Warburg Pincus from funds managed by Blackstone. According […] [Read More]

“The Mailman” now is delivering Toyota, Ford, Lincoln and Chevrolet vehicles in Arkansas. Karl Malone, who had that nickname while playing basketball in the NBA for 19 years, grew his business this week with the Karl Malone Auto Group by acquiring three new-vehicle franchises in El Dorado, Ark. According to a news release, the Teague […] [Read More]

Delayed for about a year because of the pandemic, Hertz’s effort to help the Jack & Jill Late Stage Cancer Foundation (JAJF) came to fruition. On Friday, Hertz announced that the donation of its 2020 Hertz-Hendrick Motorsports Camaro ZL1 has raised $250,000 for JAJF. Hertz donated the No. 1 production model of only 24 limited-edition […] [Read More]

We went straight to the orchestrator of the 2021 Cox Automotive Dealership Staffing Study for this episode of the Auto Remarketing Podcast. Cox Automotive senior industry intelligence manager Angela Drake shared additional insight about the study, which was initially distributed on Monday. To hear the conversation, click on the link available below, or visit the Auto Remarketing […] [Read More]

Cherokee Media Group senior editor Joe Overby recently shared a conversation with EBlock chief operating officer John Brasher, who moved into his current role on May 3. Brasher discussed both company activities and the current state of the wholesale market. To hear the conversation, click on the link available below, or visit the Auto Remarketing Podcast page.  […] [Read More]

A potential pitfall of digital retailing recently impacted a luxury automaker. And it might have stemmed from activity long before the pandemic arrived and pushed automakers and dealerships deep into the digital domain. According to a news release, a vendor informed Mercedes-Benz on June 11 that sensitive personal information of less than 1,000 OEM customers […] [Read More]

CarLotz reached the closing stage of a busy second quarter by announcing plans to open its first hub in Georgia. On Thursday, the consignment-to-retail used vehicle marketplace highlighted this new hub will provide CarLotz’s customers in the greater Atlanta area with easy access to its service, value and inventory. The company said this new hub […] [Read More]

CarGurus discovered consumers are becoming more interested in autonomous vehicles (AVs), but the majority still isn’t ready to take its foot off the gas and hands off the wheel completely On Thursday, site officials released details of the CarGurus Self-Driving Vehicle Sentiment Survey that compiled and analyzed consumer feedback on AV-related topics such as comfort […] [Read More]

Jack Tracey was a man I looked up to — literally and figuratively. Likely similar to scores of other industry executives, I was jarred this week to learn of the passing of Jack Tracey, a founder and the only executive director the National Automotive Finance Association ever had. Jack possessed both a notable physical stature […] [Read More]

The National Automotive Finance Association said one of its founders and the only executive director it's ever had passed away earlier this week. The NAF Association confirmed in a statement on Friday that Jack Tracey passed away on Monday after a brief illness. The NAF Association said his funeral in Hydes, Md., is scheduled for […] [Read More]