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Used Car Price Gap Grows to $15K in Q3 Report

Used Car Price Gap Grows to $15K in Q3 Report

Edmunds’ latest Used Car Report finds high off-lease volumes have suppressed prices and widened the gap between new and 3-year-old models to an average of $14,951.

December 13, 2019

Asbury Acquires Park Place in $1B Deal

Asbury Acquires Park Place in $1B Deal

Asbury Automotive has agreed to acquire the Park Place group of dealerships, adding 17 Texas rooftops and raising Asbury’s highline revenue to approximately 50% of its total.

December 12, 2019

GSFSGroup Names Hurley CFO and VP

GSFSGroup Names Hurley CFO and VP

Former Allstate Dealer Services executive Michael Hurley has been named CFO and vice president of finance and planning for GSFSGroup.

December 11, 2019

DealerSocket Adds Single Page Appraisal to Inventory+
Trump, Democrats Agree to Revised USMCA

Trump, Democrats Agree to Revised USMCA

President Donald Trump, House Speaker Nancy Pelosi, and factory and labor officials all cheered the imminent passage of a revised version of the U.S.-Mexico-Canada trade bill.

December 11, 2019

Blackwell Promoted to COO at NuVinAir

Blackwell Promoted to COO at NuVinAir

Former AutoNation and CarMax executive Troy Blackwell has been promoted to COO of NuVinAir less than four months after joining the company as a senior vice president.

December 11, 2019

Digital Cadillac Sales Platform Makes U.S. Debut
U.S. Dealers Remain Optimistic Despite External Threats
8 Ways Small Dealers Can Compete With Big Franchises
Etheridge to Lead Client Relations for TecAssured
IAS Acquired by iA Financial for $720M

IAS Acquired by iA Financial for $720M

iA Financial Group announced the acquisition of IAS, an F&I products and services provider that counts 4,300 dealers in all 50 U.S. states.

December 6, 2019

Q3 Auto Finance: Used Accounts for 55% of Loans
NAC Adds Connected Vehicle Service Contract
November Auto Loan Interest Rates Hit 21-Month Low
Regulators Appear to Endorse Alternative Credit Scoring