Agora Data already worked with buy-here, pay-here dealerships to help them get the capital they need to acquire inventory. Now the company has a new offering to assist BHPH operators have improved facilities to display and turn those vehicles. On Monday, Agora Data launched AgoraPoint, which offers financing for commercial real estate and facilities. The […] [Read More]

Sometimes, having an extra cook in the buy-here, pay-here kitchen can be helpful. At least that’s the intention of the new relationship between Buckeye Dealership Consulting and Auto Dealer Services Group (ADSG). Buckeye, a national provider of re-insurable finance and insurance products for BHPH and independent dealerships, recently teamed with ADSG, a division of Peachtree […] [Read More]

Pyle Family Auctions has hired former ADESA executive Jane Morgan as the company’s chief client officer. Morgan started with the group, which includes Mountain State Auto Auction and Capital City Auto Auction, this month, and will head up sales growth, the client experience and operational efficiencies, Pyle Family Auctions said in a release. Morgan’s career in the […] [Read More]

Vroom said Monday it has launched new hub in the Atlanta area designed to prove “a more customized driveway experience” for consumers within a 25-mile radius that includes nearly 500 zip codes and 7 million people. In the past two-and-a-half months, Vroom has added hubs in Denver, Chicago, Los Angeles, Detroit, Dallas and now Atlanta. […] [Read More]

While perhaps not as light as their inventory levels nowadays, dealerships appear to be short on personnel, too, especially in the departments that generate the most store revenue. Like many industries, Cox Automotive indicated, the U.S. automotive retail segment is struggling to find enough employees for dealerships to be fully staffed, much less meet their […] [Read More]

You might have noticed it’s been a little more difficult to get your potential buyer’s deal bought by your network of finance companies. The newest Dealertrack Auto Credit Availability Index showed just how much of a pinch in paper funding is happening. [Read More]

Experian reported that 46.29% of all new vehicles financed during the first quarter were attached to a lease. And a new partnership could help to raise that level in future quarters. Credit Union Leasing of America (CULA) further expanded its vehicle leasing footprint through its partnership with Metro Credit Union, which launched vehicle leasing in […] [Read More]

Toyota Financial Services (TFS) is continuing to cultivate its portfolio of fuel-efficient vehicles. Last week, the captive issued its latest asset-backed green bond, reinforcing the company’s longstanding commitment to the sale of environmentally friendly vehicles. TFS said in a news release that net proceeds from the $1.6 billion bond offering will be used for the […] [Read More]

Continuing a busy season of automotive M&A — a run that includes the wholesale segment — IAA announced Monday it has acquired Marisat, Inc., which does business as Auto Exchange. IAA will now operate Auto Exchange's business, which is based out of New Jersey and provides personal service and security for the salvage recovery industry. […] [Read More]

The “once-in-a-lifetime environment” for dealerships changing hands doesn’t appear to be dissipating. At least it didn't in the first quarter. Kerrigan Advisors highlighted the dealership buy/sell market once again set records to begin 2021, a result of a unique confluence of market factors that resulted in 66 completed transactions, up 20% quarter-over-quarter. The firm indicated […] [Read More]