CarData, a national provider of vehicle inventory photography and dealership merchandising services, has acquired Southern California-based automotive services provider DiamondLot from founder Rick Wolverton. In a news release, CarData said the acquisition strengthens its operational footprint in the Southern California market and said it represents “a significant milestone” in its mission to deliver photo, video […] [Read More]

As 2025 nears its end, Hudson Automotive Group has pulled off one of the year’s biggest deals. In fact, the Charleston, S.C.-based dealership group’s acquisition of All Star Automotive Group’s 15 franchises in the Baton Rouge, La., area is the second-largest of the year in the number of franchises involved, according to Kerrigan Advisors, which […] [Read More]

On the franchised dealer side of its business, OPENLANE provides private-label programs for automakers, who can sell wholesale vehicles directly to their dealer bodies. “And what that means is the majority of franchise dealers out there are customers of ours through those private-label programs, and that creates a sort of an entry point and a […] [Read More]

If you’re even thinking about buying a new car, here’s a secret the auto industry won’t exactly scream from the rooftops: the stretch between Black Friday and New Year’s Eve is one of the best times of the year to score a deal. Yes, really. You might think the Thanksgiving to Christmas season is far […] [Read More]

America’s Group has added two auction operations and extended its footprint to another state. The auction company said Monday it has acquired Jefferson Mid-State Auto Auction in Wisconsin and United Mobile Auctions in North Carolina. The latter is America’s first purchase in the Tar Heel State. Jefferson Mid-State has been renamed America’s Auto Auction South […] [Read More]

The next chapter in Jim Landy’s career in auto finance will arrive through another acquisition involving a lender and an investment firm. Last week, Flagship Credit Acceptance announced that affiliates of InterVest Capital Partners, a New York-based specialty finance investment firm, have entered into a definitive agreement to acquire the operating assets and business operations […] [Read More]

As much as auto-finance underwriting has become sophisticated, a potential starting point to determine if the applicant will be offered an installment contract is the credit score. Shams Blanc, who is vice president of auto scores at FICO, described the ongoing evolution of credit scores during this episode of the Auto Remarketing Podcast. Blanc also […] [Read More]

Amid “challenging market conditions” during its third quarter, ACV Auctions increased its revenue, gained market share and expanded its dealer network, said the company’s CEO George Chamoun. ACV’s revenue in the third quarter grew 16% to $199.5 million when compared to the year-ago quarter, but the company’s net loss of $24.4 million in the quarter […] [Read More]

One of the highest points in OPENLANE's overall rosy third-quarter performance was a 14% year-over-year increase in marketplace dealer sales volume. This represents the fourth consecutive quarter of double-digit-percentage volume increases in dealer-to-dealer sales for the company. This offset an expected Q3 downturn in commercial volumes. OPENLANE said during its recent earnings call that the […] [Read More]

Autonomy, the Scott Painter-led electric vehicle subscription company, has secured $25 million in financing to expand its fleet by about 1,250 vehicles. The move extends Autonomy’s fleet, which previously only included Tesla, to new brands, along with adding late-model used and off-lease certified pre-owned vehicles into its offering. Autonomy is adding Volvo and Polestar vehicles […] [Read More]