It’s been an active opening month of 2021 for Kinetic Advantage, a newly formed floorplan financing company with an eye on gaining market share among independent dealerships. After landing an undisclosed amount of funding through Altamont Capital Partners, Kinetic Advantage ... [Read More]

Fresh off expanding its dealer group footprint to 26 total locations, CARite now has partnered with DriveItAway in an effort to help consumers secure vital transportation while building equity and taking a “never-ending test drive.” On Tuesday, CARite announced the ... [Read More]

After closing a “challenging year” with “strong fourth-quarter results,” Texas Capital Bank announced a pair of executive leadership appointments, effective immediately, creating roles for experienced professionals who each spent many years in posts at JPMorgan Chase & Co. Now serving ... [Read More]

After one of the strangest years ever, how have you prepared for 2021? Election years are usually off the wall, but 2020 was ridiculous. Uncertainties that linger affect how a dealer plans for and navigates through 2021. To write off ... [Read More]

Altamont Capital Partners said the investment firm is “impressed” with Kinetic Advantage, a newly formed floorplan financing company led by industry veterans Marty McFarland, Randy Dohse and Chris Brady. While specific terms of the transaction were not disclosed on Monday, ... [Read More]

For some buy-here, pay-here operators seeking a Paycheck Protection Program (PPP) loan, their banker could have access to the program as soon as Friday. If the opportunity doesn’t arrive by the end of the week, federal officials confirmed that the ... [Read More]

Of all the financial turbulence created by the pandemic, a record-setting number of bankruptcies was not among the unprecedented developments. In fact, according to data shared by the American Bankruptcy Institute (ABI) and Epiq, last year generated the fewest filings ... [Read More]

Credit Acceptance founder Don Foss created his own dealership group 10 years ago. And now a decade later, that operation — CARite — has 26 locations with the two newest ones coming into the group this week. According to a ... [Read More]

Sometimes, too many cooks in the kitchen can be a recipe for disaster. But Agora Data championed a financial dish with several buy-here, pay-here operators and smaller finance companies that the tech firm says “represents a quantum leap” for their ... [Read More]

America’s Car-Mart made a pair of moves before 2020 finished as the chain of buy-here pay-here dealerships expanded its footprint in Oklahoma while also increasing its revolving line of credit. Car-Mart now has 151 dealerships in its network after bringing ... [Read More]