LotLinx, known for its inventory marketing technology, is now participating in supporting the U CAN-CER VIVE foundation — a dealer group cancer research non-profit — through a recent donation.  It was founded by siblings Ryan and Kelley LaFontaine of the Michigan-based LaFontaine Automotive Group, in February of 2016. Since then, in just over five years, the organization has […] [Read More]

Along with delving into some data showing average credit scores, Experian’s Q1 2021 State of the Automotive Finance Market report also revealed the top 10 new models leased during the first quarter as well as the top 10 states where leasing originated. Perhaps one day coming back into the market as potential certified pre-owned units, Experian […] [Read More]

OpenRoad Auto Group is expanding from the highway to the neighborhood. British Columbia's largest auto dealer group announced last week that it has a launched a residential real estate division: OpenForm Properties. The company’s new residential development division has also unveiled its first multi-family project, called E15 Just off Main, which will be a development of 49 […] [Read More]

Chuck Bonnano is the vice president of dealer development at the National Independent Automobile Dealers Association. Brent Carmichael is the 20 group moderator, consultant and instructor with NCM Associates. As engaging as both Bonnano and Carmichael are, a Zoom meeting just could not be the conduit for successful 20 group gatherings each dealership training and […] [Read More]

Along with highlighting how total outstanding balances are approaching $1.3 trillion, Experian’s Q1 2021 State of the Automotive Finance Market report also delved into some metrics based on geography. Experian pinpointed the average credit score of used-vehicle paper bought in Q1 by state. The top 10 lowest averages where perhaps the most subprime financing took […] [Read More]

Copart welcomed a new addition to its board of directors in a move that was effective Wednesday. Joining the leadership group for the online salvage auction company is Cherylyn Harley LeBon, who currently serves as a partner with the law firm of Dunlap, Bennett & Ludwig based in Washington, D.C.  She is a member of […] [Read More]

Even as vehicle supply remains short and prices hit record highs, demand continues to surge in the used-car market. TrueCar was forecasting that May’s retail used-vehicle would end up beating year-ago figures by 13% and besting April’s by 4%. The firm is projecting that once final numbers are tallied …  [Read More]

Probably no one would have begrudged Sara Edgington if she exclaimed an extra loud “Yee-haw” during the 2021 Texas Auctioneers Association Senior Bid Calling Championship. The general manager for Texas Lone Star Auto Auction became the first woman to win the competition, which culminated on Saturday at the Kalahari Resort & Conference Center in Round […] [Read More]

It’s been a busy month for the team at Performance Brokerage Services, as the automotive dealership brokerage firm announced its involvement in two more closings this week. After being involved in the transaction of a Toyota store in Washington, the firm also helped to facilitate the moves involving a Minnesota Subaru rooftop and a Chrysler […] [Read More]

Originations aren’t the only part of auto financing accelerating nowadays. Stephen Bisbee, founder of eOriginal, which is now part of Wolters Kluwer, appeared on the Auto Remarketing Podcast to explain why securitizations are accelerating again as an attractive option for the investment world. To hear the conversation, click on the link available below, or visit the Auto […] [Read More]