Ryan Martin, general manager of Strawberry Road Auto Sales in Pasadena, Texas, is one of the scores of independent dealers NextGear Capital is trying to help via its enhanced Account Portal. “Having the right tools and technology to support my dealership was one of my top priorities when it came to selecting a floor plan,” […] [Read More]

If you didn’t already know, StoneEagle F&I senior vice president of business development Joe St. John is one of the most enthusiastic executives anywhere in the automotive industry. Well, when St. John dissected the first-quarter data gathered via StoneEagleMETRICS, his excitement level ticked up a few notches because he found what might be a “silver lining” […] [Read More]

As automakers in Canada begin to share certified pre-owned sales results from April, one trend has emerged: it was a strong month, despite challenges stemming from lockdowns.  For instance, Hyundai Auto Canada Corp. had its strongest April of all time for certified pre-owned — which also was its second-best CPO sales tally ever — even amid partial lockdowns […] [Read More]

RVI Group has appointed David Klanica to the board of directors of R.V.I. Guaranty Co. Ltd. and R.V.I. America Insurance Co. Klanica joined RVI in 2007 and has managed financial reporting, securitizations, financial risk, business combinations and portfolio purchases, technical accounting research and training. Previously, he was chief financial officer for Pitney Bowes Capital Services, […] [Read More]

On the same day that this year’s listing of Emerging 8 honorees was announced, a previous recipient of the accolade reinforced its executive team. Digital retailing and financing service provider AutoFi announced the addition of two key hires on Monday as the company is experiencing significant growth. Kerri Wise, who previously served as an executive […] [Read More]

Premier Auto Group president Robert Alvine said Scott Burrell is a household name in Connecticut. Burrell is currently the men’s basketball head coach at Southern Connecticut State University and played professionally for 12 years, winning an NBA championship with the 1997-1998 Chicago Bulls. Now, Burrell will serve as a consultant for Premier Auto Group, providing […] [Read More]

Most automotive retailers already understand the power of a fully-optimized Google My Business (GMB) listing, but how many dealers have optimized their GMB listings for marketing used vehicles specifically? As a reminder, a dealer’s GMB listing (or Google Maps listing) is their online yellow page ad, and appears 100% of the time someone does a […] [Read More]

After helping raise more than $10,000 to help children forced into home learning because of the COVID-19 shutdown, Toyota South Atlanta was named Clayton County business of the year. The dealership won the honor based on its generosity to the Clayton County School System. The $10,000 went toward school lunches for students at their homes. […] [Read More]

78. Seventy-eight.   No, this is not the year I think you were born. It’s the number of vendor partners the average dealership uses to support their business operations.  With this vast number of outside companies supporting a dealership enterprise, keeping up with the nuances of the services these 78 companies off you is a […] [Read More]

A deep subprime finance company that has been working with both franchised and independent dealerships, especially to cater to their Hispanic customers, now is venturing into securitizations. In business since 2007, Credito Real USA Finance announced last week that it closed on its first securitization. The company said the investor action totaled $130 million. The […] [Read More]