Like the scorecard symbol for birdie, the intersection of golf and automotive has come full circle for Quade Cummins. The PGA Tour professional, whose parents own Oklahoma’s Cummins Auto Group, grew up in the family dealership business, but also learning ... [Read More]

The wholesale car market rang in the year with two major acquisitions involving corporate entities and large players in the space:  On Friday, Cars Commerce announced the acquisition of DealerClub, a reputation-based dealer-to-dealer digital wholesale auction founded last year by ACV founder Joe Neiman, for approximately $25 million, plus additional performance-based considerations.  Just four days earlier, America’s Group announced the purchase of  AuctionVcommerce, a tech platform provider in the auto auction space. That move continues ... [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a Speed Session featuring Alex Rawitz, who is co-founder and chief operating officer  of DIMO. Rawitz described the conundrum of balancing ... [Read More]

With dealership profitability down over the past two years, EFG Companies wants to give auto dealers a way to boost their personal wealth creation strategies. To that end, the F&I and reinsurance provider has introduced its Wealth Builder Profit Participation ... [Read More]

Retail used-car shoppers may want to strike while the iron’s hot. (And the metal is relatively inexpensive to move). Especially considering what could be on the horizon in the wholesale used-car market ... [Read More]