Retail

Dealer news: Ala. dealership becomes United Way Star; Midway Motors grows in Kan.

An Alabama dealership has become a star when it comes to raising funds for charity. Howard Bentley Buick GMC was presented with the Star Award for the most improved 2024-2025 workforce campaign by the United Way of Marshall County, for ... [Read More]

Wholesale

DealerClub opens a $10 billion wholesale market to Cars Commerce, CEO says

Recent technology-based acquisitions and its platform of connected used-car solutions will help Cars.com grow its dealer customer base and its overall business, the company’s executives predicted during its most recent earnings call. “We’ve made significant progress to bring new and innovative products to market in the past year, culminating in our most recent acquisition of DealerClub,” a reputation-based, dealer-to-dealer digital wholesale marketplace, said CEO Alex Vetter. The acquisition positions Cars.com to enter a $10 billion wholesale market “with ... [Read More]

Technology

CarMax among investors in Carpool Logistics’ $12M funding round

A vehicle shipping marketplace received a $12 million investment this week. Carpool Logistics announced it has raised $12 million in Series A growth capital in a round led by Wavecrest Growth Partners, with participation from CarMax, Impel founders Devin Daly ... [Read More]

Financial

EFG launches program that guarantees PRU increase for dealers

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]

Analysis

COMMENTARY: Navigating challenging times and how ancillary revenue opportunities can drives dealer success to keep customers ‘in the tent’

I think there is some truth to the old saying that if you are around long enough, everything comes full circle. As consumers are under more and more financial strain — record subprime delinquencies, escalating household debt and diminished consumer ... [Read More]
DriveItAway secures $2M credit line

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