On Wednesday, Lithia Motors continued what has already been a busy second half of expansion for the dealer group. The retailer said it has purchased BMW of San Francisco, a dealership it projects will bring $210 million in annual revenues. “We’re very pleased to announce that we have expanded our network in our Southwest Region […] [Read More]

Business leaders have largely embraced the rapid introduction of home working and digital processes as an inevitable necessity. Though the global lockdown has rapidly accelerated trends in digitalization, seeing many asset finance businesses moving their operations entirely online in a contracted timescale, the direction of these developments is not a new concept for the industry. […] [Read More]

Like many of us, cars are also getting older these days, too. According to IHS Markit, the average age of a car on the road is roughly one month higher than the 2019 average, coming in at 11.9 years. There are a few factors at play pushing this slight rise in age, but the company […] [Read More]

National Auto Care broadened its F&I portfolio this week. National Auto Care chief executive officer Tony Wanderon and Chris Weber and James Jodison, the principals of Diversified Management Group (DMG), announced that National Auto Care has acquired DMG. DMG is an independent F&I agency based in Chicago that has successfully driven profits for its dealership […] [Read More]

Cornerstone Credit Union League is one of the nation’s largest regional credit union trade associations, serving approximately 500 credit unions in Arkansas, Oklahoma and Texas. And the association is making sure its members are prepared to handle the possibility of rising repossessions as its service corporation, Credit Union Resources, recently signed a new partner — […] [Read More]

Continuing our recent string of "Joe Shows,"  the Auto Remarketing Podcast welcomes Joe Kichler, who is vice president of Manheim Logistics. Kichler talks with Auto Remarketing senior editor Joe Overby about how the vehicle transport and logistics space has been impacted by COVID-19, how technology is helping in tracking vehicles and much more. To listen […] [Read More]

While it might seem like it’s already been a decade since the coronavirus pandemic started to impact our lives, it’s truly been 10 years since the signing of the Dodd–Frank Wall Street Reform and Consumer Protection Act, which opened the path for creation of the Consumer Financial Protection Bureau. An array of industry experts and […] [Read More]

Asbury Automotive Group set a used-car record during the second quarter: a fifth of its pre-owned sales were done online. Announcing quarterly results Tuesday, Asbury had a couple other used-car strong points during Q2, including a 10% hike in average used-vehicle retail gross profit per unit and a 60 basis-point increase in gross margins on […] [Read More]

With so much of the automotive industry dependent upon technology nowadays, KAR Global is looking to make sure its wholesale segments critical for dealer productivity and success function well. Stemming from recent enhancements to ADESA.com both ADESA.ca, the company said on Tuesday that customers now have access to fresh inventory and dealer trade-ins instantly via […] [Read More]

The top leader at Cox Automotive is set to change. On Tuesday afternoon, Cox Enterprises named Steve Rowley as the new president of Cox Automotive, which includes Autotrader, Kelley Blue Book, Dealertrack, vAuto and Manheim through an action that’s effective Monday. Rowley is getting the position from Sandy Schwartz, who is moving to a role […] [Read More]