January. The company announced Thursday that Alex Vetter will step down from the role and from the board on Jan. 15, ...

On Wednesday, the Federal Reserve lowered the federal funds rate for the third time this year, reducing the range to 3.5% to 3.75%. The latest Cox Automotive Dealer Sentiment Index showed the economy ...

Black Book’s monthly measure of wholesale used-vehicle values fell to its lowest level in nearly five years last month, with price depreciation “outside normal seasonal expectations.” Specifically, ...

For many general managers, running a dealership feels like the pinnacle of a career in automotive retail. You’re steering sales and service, balancing gross margin against expenses, and managing a ...

Evidently, finance companies are instructing their collections departments to work even harder with customers who are having trouble maintaining their monthly payments. According to S&P Global Ratings ...

Last week, Open Lending Corp. announced the launch of ApexOne Auto, an advanced decisioning platform that expands the company’s capabilities to serve the full spectrum of auto-finance customers. The ...

Suspicions are intensifying about the current health of auto finance, especially within the subprime space stemming from the bankruptcy filings of Tricolor Holdings and PrimaLend. For example, the ...

In an effort “bring fresh energy, diverse perspectives and deep expertise to the organization,” NextGear Capital recently added three new members to its senior leadership team along with rolling out a ...

It’s sort of like expanding your property by buying the house next door. Ourisman Automotive Group has acquired Hendrick Honda Woodbridge, which is adjacent to its existing Toyota and Chrysler Jeep ...

PrimaLend Capital Partners and Good Floor Loans announced on Wednesday that they are pursuing what the floorplan provider called “a value-maximizing sale” through a voluntary Chapter 11 proceeding in ...

Andy Mayers sees opportunity in subprime and other parts of auto finance. The associate vice president of business operations for retail solutions with Cox Automotive explained his reasons during this ...

Carfax and J.D. Power each shared new data this week about retail prices for used cars and more. While analysts delved into different market segments, they noticed at least one similar pattern overall ...