Black Book has named former RVI Group and GM Financial executive Rene Abdalah as its new senior vice president of business development. In the newly created position, Abdalah will work with U.S. and Canadian vehicle manufacturers, captive finance companies, lenders and other automotive-related companies to deliver data and analytical services. Jared Kalfus, Black Book executive vice president, revenue, […] [Read More]

NADA Show 2021 is going virtual. The National Automobile Dealers Association is holding its annual convention and expo online from Feb. 9 through Feb. 11. When the move to digital was announced in October, NADA said in the release that among the features of the digital convention will be more than 60 educational workshops and […] [Read More]

America’s Car-Mart made a pair of moves before 2020 finished as the chain of buy-here pay-here dealerships expanded its footprint in Oklahoma while also increasing its revolving line of credit. Car-Mart now has 151 dealerships in its network after bringing aboard its 28th dealership in Oklahoma, which also is the third location to open during […] [Read More]

PassTime GPS recently formed a strategic partnership with Polte Corp., in an effort to reinforce its service so dealerships and finance companies can track the location of their collateral more effectively. Fueled by cloud location over cellular (C-LoC) technology, the companies are collaborating to incorporate Polte Mobile IoT location into PassTime’s line of Encore asset […] [Read More]

A merger Financial Services Group first revealed in October now is closed, according to an announcement on Tuesday. First Investors said the acquisition of the subprime auto finance company by funds affiliated with Gallatin Point Capital and minority investor Jacobs Asset Management closed on Thursday, following receipt of all required consents and regulatory approvals. Terms […] [Read More]

After surveying thousands of Canadians, we found that the biggest pain points customers have when buying used cars is that they don’t know if the vehicle is in good shape. Purchasing a car is one of the biggest decisions in a person’s life, so they want to be sure that they know the vehicle’s story […] [Read More]

Cox Automotive made quite the M&A splash to begin 2021, announcing two major purchases Tuesday that provide some additional muscle to its wholesale and mobility units, respectively. In separate announcements, Cox said it has acquired Fyusion — a company in the computer vision and vehicle imaging solutions space — and Dickinson Fleet Services, a mobile […] [Read More]

Each year, Lake Charles Toyota contributes a scholarship to the SOWELA School of Transportation to help prospective students chase their dreams. Lake Charles Toyota, located in Lake Charles, La., has given more than $50,000 toward the local technical community college over the past nine years. That charitable work continued recently, as Lake Charles Toyota said […] [Read More]

As part of our association leadership series in the January edition of Auto Remarketing, we connect with the American International Automobile Dealers Association for a Q&A with its 2021 chairman, Steve Gates, who will formally begin that role in February. Gates is the owner of Gates Auto Family, with locations in Kentucky, Indiana and Tennessee. The emailed […] [Read More]

A&L Motor Sales closed 2020 and opened 2021 with a brand new, reimagined BMW showroom to showcase its inventory and more than seven decades of retailing experience. As part of its $15 million overall renovation, the luxury dealership east of Pittsburgh that represents BMW as well as Jaguar and Land Rover revamped its showroom to […] [Read More]