Tricolor reinforced its management team on Thursday as the retailer that’s focused on Hispanic consumers named three new executives with chief in their title. The tech-enabled Community Development Financial Institution (CDFI) named Nick Brown as chief risk officer, Albert Hoover as chief corporate development and legal officer and Troy Sterk as chief supply chain officer. […] [Read More]

The company’s annual convention had to be virtual this year to accommodate safety precautions amid the COVID-19 pandemic, but Byrider still honored 15 different franchise store operators. The chain of buy-here, pay-here stores handed out Franchises of the Year Awards in three separate categories and also gave the Founders Award for operators celebrating a 10- or […] [Read More]

Experian senior director of automotive financial solutions Melinda Zabritski made a suggestion to finance companies after Experian released its Q3 2020 State of the Automotive Finance Market report on Thursday. The recommendation came in connection with a metric that providers might already watch with a laser focus — delinquencies — even as the subprime segment […] [Read More]

Asbury Automotive Group launched an end-to-end digital car-buying platform Wednesday that it says will allow consumers to purchase a vehicle online in 15 minutes. And it has some potential to help Asbury expand in the pre-owned market, as well. Clicklane, which Asbury said is an “evolution” of its PushStart tool, is a communications technology ecosystem […] [Read More]

Pete Petersen says advertising space is a bit more crowded during the holiday season. “But with the pandemic and recent elections, dealers are finding it even more difficult to get themselves in front of their markets right now,” said Petersen, chief executive officer of Dealers United, in a news release. With that in mind, Facebook […] [Read More]

autoTRADER.ca announced the finalists for its 2021 autoTRADER.ca Awards, stating that the finalists are models the jury would recommend to Canadians “without a doubt.” The awards recognize vehicles for their value, innovation, performance, comfort, technology and ultimate desirability. The awards named finalists in the different vehicle categories, but under family sedan, the finalists were the […] [Read More]

As part of Used Car Week's Pre-Owned Con next week, Cherokee Media Group will recognize honorees in the annual Used Car Awards, a program presented by KAR Global.  That includes our annual Franchise Dealer of the Year, which this year goes to Rick Ricart, president of Ricart Automotive Group. Below is a Q&A with Ricart, which is […] [Read More]

Stating that it has made recent efforts to fight systemic racism and promote diversity through inclusion and equal opportunity for everyone, Cox Automotive has established its newest employee resource group called the Black Employee Network. That program is for any team member interested in better understanding and combatting anti-black and systemic racism. In addition, Cox […] [Read More]

Black Book explained how the latest movement in its Used Vehicle Retention Index continues to reflect how the wholesale market is behaving in light of pandemic-related impacts. Black Book reported on Wednesday that its November index reading came in at 130.6, representing a 0.7-point increase from the October mark of 129.9. “The market level index […] [Read More]

As the pandemic makes this year’s holiday season look and feel different in many ways — including how people will travel— a new program from Autotrader and Kelley Blue Book aims to make road trips a little warmer and help people drive in style. The companies have created limited-edition “ugly” sweater light up face masks […] [Read More]