Agora Data chief executive officer Steve Burke returned for another podcast appearance to discuss two of his passions: buy-here, pay-here dealerships and helping them get the capital they need to be successful. The conversation came after the company rolled out its latest credit offering and found a way for BHPH operators to tap into the […] [Read More]

Sonic Automotive continues to expand its standalone used-car program, announcing Tuesday it has opened an EchoPark Automotive location in the Phoenix suburbs. The store, located in Avondale, Ariz., is Sonic’s 19th EchoPark location. On Friday, the retailer said it brought two Used Car King locations in New York State into the Echo Park fold, putting […] [Read More]

In his new role as national project director for Dent Wizard International, Mike Shaw will focus on the management and growth of Dent Wizard’s WTD — or Wheel, Tires and Dent — program. Dent Wizard, a provider of vehicle reconditioning and protection services, launched the WTD program last year. The company’s senior vice president of […] [Read More]

If dealers had electricity and internet access, they were buying vehicles at auction last week, no matter how cold it became or strange it appeared to see locations with both palm trees and snow. Black Book analysts said auction sales rates remained strong last week despite places like the entire state of Texas being under […] [Read More]

Fitch Ratings cited multiple data points from the National Automobile Dealers Association  in explaining its reasons to state that dealer floorplan asset-backed securities (ABS) performance is expected to be stable in 2021. Along with the strong profit metrics noted by NADA, Fitch said its dealer floorplan ABS asset performance and rating outlooks are stable for […] [Read More]

Through a new partnership between SureSale and Tampa Bay-area dealer Maus Family Automotive, a vehicle report will be available to consumers on each of Maus’ pre-owned vehicles. Providing vehicle histories, inspections, and assessments of current quality, SureSale said it offers consumers transparency and confidence in their used-vehicle purchases. Maus Family Automotive operates four dealerships in […] [Read More]

Through a new affinity partnership between TrueCar and an e-commerce website for active and veteran U.S. military members, first responders and law enforcement, those individuals will be able to receive upfront transactable price offers on vehicles. TrueCar’s partnership is with GovX, an e-commerce website for active and veteran U.S. military, police, fire, emergency rescue and […] [Read More]

Used-vehicle sales this month will likely beat January figures by a double-digit percentage, but slow from a year ago. That’s according to a forecast released Tuesday by TrueCar, which called for 3.5 million used-vehicle sales for February. That sum would beat January sales by 12% but fall 4% short of February 2020 numbers, TrueCar said. […] [Read More]

Ally Financial, Greensboro Auto Auction and the Hiester Automotive Group are working together, while fueled by some of their passions: classic-car restoration, helping people in need and lifting up the next generation of technicians. John Hiester, owner of Hiester Automotive Group in Fuquay-Varina, N.C., led a project that highlighted another example of how dealers across […] [Read More]

On Jan. 18, President Biden revealed his nominations to lead the Consumer Financial Protection Bureau and the Securities and Exchange Commission. On Tuesday, the Senate Banking Committee will hold a hearing to interview Rohit Chopra, currently a commissioner with the Federal Trade Commission who has been picked to oversee the CFPB, and Gary Gensler, who […] [Read More]