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Ford creates tool to help sell more electric pickups & vans by determining if going electric makes sense
Tuesday, Jan. 7, 2025, 12:40 PM
Alysha Webb, Correspondent
Businesses in Europe using the Ford Transit in their fleets have a tool to figure out if going electric makes sense for them, and that tool is now available here in the U.S. The software, dubbed Ford Pro E-Switch Assist, aims to help business and government customers determine if going electric is suitable for their […] [Read More]
OpenRoad to celebrate 25th anniversary with 25 grants to charitable organizations
Tuesday, Jan. 7, 2025, 10:32 AM
Auto Remarketing Canada Staff
OpenRoad Group is celebrating its 25th anniversary by giving. OpenRoad Foundation, the dealership group’s philanthropic arm, announced the launch of its 25 in 25 grant initiative for 2025, which will award 25 grants of $25,000 each – a total of $625,000 – to nonprofits and charities based in the Vancouver and Toronto areas. “Celebrating 25 […] [Read More]
NIADA revives Certified Master Dealer program with retail, BHPH classes in 2025
Tuesday, Jan. 7, 2025, 09:57 AM
Auto Remarketing Staff
The National Independent Automobile Dealers Association’s top dealer training program is coming back in 2025. The association said it will offer two Certified Master Dealer classes in 2025, the first sessions of its highest-level education curriculum since 2019. In an announcement posted on its website’s Dashboard, NIADA said it will offer individualized programs for retail […] [Read More]
National Lenders General Agency adds ‘game-changer’ with Murphy as CPI program agent
Tuesday, Jan. 7, 2025, 09:57 AM
BHPH Report Staff
National Lenders General Agency, which is part of MEI Group USA family of companies, recently announced the addition of Bill Murphy to its team. The company said Murphy has signed an agent contract to represent National Lenders and Empire’s programs in the buy-here, pay-here space. Based in Texas, National Lenders highlighted Murphy’s arrival marks a […] [Read More]
Dealer news: Rick Case Mazda’s grand re-opening; acquisition in Louisiana; NY dealer group double-dips on awards
Monday, Jan. 6, 2025, 03:14 PM
Auto Remarketing Staff
Rick Case Mazda unveiled its new look last week. The Duluth, Ga., dealership held a grand re-opening celebration that capped an eight-month expansion and renovation project. The ribbon-cutting ceremony was attended by community leaders — including Duluth mayor Greg Whitlock and five city council members — as well as Mazda executives. As a result of […] [Read More]
Carvana gains another $4B in financing through Ally
Monday, Jan. 6, 2025, 03:04 PM
Auto Remarketing Staff
While the online retailer is facing much criticism and serious allegations from the investment community, Carvana gained more resources from one of its key financing providers. Carvana revealed in a filing with the Securities and Exchange Commission on Monday that it amended the second amended and restated master purchase and sale agreement with Ally Financial. […] [Read More]
Why M&A has accelerated in auto auction space
Monday, Jan. 6, 2025, 01:18 PM
Joe Overby, Senior Editor
For decades, M&A and buy-sell has been a part of the auto auction industry — and, really, most any industry with a constituency mix of corporately and independently owned businesses experiences consolidation. But the moves in the last three years have arguably led to the greatest change in the auto auction landscape in decades. In […] [Read More]
Auction news: America’s Group adds Ferreri as CRO; Portland auction opens
Monday, Jan. 6, 2025, 12:14 PM
Auto Remarketing Staff
Longtime OPENLANE leader Jason Ferreri has joined America’s Group as chief revenue officer, the company announced. In a news release, America’s Group, which includes America’s Auto Auction and AXLE Funding, touted the addition of Ferreri as an illustration of its “dedication to driving innovation and growth” in the auto remarketing industry. “Jason’s deep knowledge of […] [Read More]
TurboPass gives 2024 Dealer of the Year Awards
Monday, Jan. 6, 2025, 11:38 AM
Auto Fin Journal Staff
Former Emerging 8 selection TurboPass again honored dealerships before the year finished. Ten recipients were among the 2024 Dealer of the Year Awards given by the financial technology software company based in Austin, Texas, specializing in automation, SaaS, and cloud-based solutions for automotive dealerships, banks, and finance companies across North America These annual awards honored […] [Read More]
Point Predictive & RouteOne reinforce integration to curb fraud & avoid pushbacks
Monday, Jan. 6, 2025, 11:37 AM
Auto Fin Journal Staff
Point Predictive recently announced a significant expansion of its integration with RouteOne, all in an effort to reduce some of the biggest financing headaches dealerships might experience trying to get a customer delivered. According to a news release, the expansion includes access to IEValidate, Point Predictive’s income and employment validation solution that can help dealers […] [Read More]
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