Succession planning is one of the most critical yet often overlooked aspects of owning and operating an automotive dealership. It’s not just about preparing for the future; it’s about ensuring success today and setting the foundation for long-term stability and ... [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]