NEW YORK – January 28, 2025 – Adoption of digitized contracting and documentation workflows by auto retailers and their lending partners that foster back-office efficiencies saw a noticeable jump, according to analysis by Wolters Kluwer Compliance Solutions from its Q4 Auto Finance Digital Transformation Index. While Q4 adoption compared to Q3 was down slightly…

Harper brings 25 years of credit union industry experience to help drive growth through new partnerships and innovation

San Diego, CA – January 23, 2025 – Credit Union Leasing of America (CULA), the leader in indirect vehicle leasing for credit unions for over 35 years,…

Over 30,000 dealership driver license scans were red flagged in the past year by eLEND; company further expands suite of Identity Solutions to combat soaring fraud

NEW ORLEANS, LA - January 23rd, 2025 – eLEND Solutions today announced at the 2025 NADA Show that it…

Snapshot survey from eLEND Solutions show dealers looking for workflow improvements between website tools and core platforms which, majority say, could raise efficiency and customer experience by 20+%; Credit Apps top list of tools needing better platform integration

Foothill Ranch, Calif. – January 21, 2025 – The majority of auto dealerships are experiencing data gaps between the core systems that run their dealerships – customer…

Sale of top volume Toyota dealership in Slidell is final sale of four Bohn family dealerships; marks Kerrigan Advisors’ 285^th dealership sold, 134^th franchise sold in the Southern region and 50^th Toyota/Lexus franchise sold since inception

New Orleans, LA – January 20, 2025 – Kerrigan Advisors, the premier sell-side advisor and thought partner to auto dealers nationwide, represented New Orleans-based Bohn…

Monument, Co., January 17, 2025 - Botdoc, a leading provider of secure file transfer and operational efficiency solutions, is pleased to announce a strategic partnership with 700Credit, a premier provider of credit reporting and compliance solutions for the automotive industry. This partnership will integrate 700Credit’s services into Botdoc Connect, enabling auto retailer users to perform both soft and hard credit pulls directly within the platform during the car sales…

68% of dealers project valuations will increase, or remain at 2024 levels driving strong interest in acquisitions over the next 12 months; Toyota/Lexus are most trusted among dealers for the second consecutive year, but CDJR faces declining valuations and lowest-ever trust ranking, according to…

The automotive industry has undergone a remarkable transformation over the past few decades. From breakthroughs in engine efficiency to advanced safety features and electric vehicles, the industry continues to push boundaries. These advancements not only cater to the needs of the modern driver but also align with global goals for sustainability and safety. This article delves into some intriguing aspects of the automotive world, from innovative designs to practical tips for vehicle…

It's truly a sad day as the car business has lost an very influencer leader with the passing of Garry House.  We have been working together all year on a future project.  I will miss his intellect and…

Sale of leading domestic brand in the highly desirable Washington DC market marks Kerrigan Advisors’ 284^th dealership sold and 54^th franchise sold in the Mid-Atlantic region since the firm’s inception

WASHINGTON DC – December 19, 2024 – Kerrigan Advisors, the premier sell-side advisor…

Buy/sell market continues to trend towards high volume dealerships in high growth markets; marks Kerrigan Advisors’ 133rd dealership sold in the southern region since inception and 79^th franchise sold in 2024

NEW ORLEANS, LA – December 16, 2024 – Kerrigan Advisors, the premier…

Sale of New Orleans’ #1 dealership marks Kerrigan Advisors’ 282^nd dealership sold, 132^nd franchise sold in the Southern region and 69^th luxury franchise sold since 2014; sale underscores trend of largest auto groups acquiring higher volume dealerships, as reported in Kerrigan Advisor’s Third…

Monument, Co – (December 10, 2024) – Botdoc, the global leader in Secure Digital Transport (SDT) technologies, today announced the launch of Botdoc Connect, a digital first solution that makes the process of sharing sensitive information quicker, safer, and more convenient- by automatically populating the buyer's information securely into the dealership’s CRM.

Botdoc enables dealerships to safely collect and share sensitive customer information easily with…

Three dealers had fallen victim to the same sophisticated fraud scheme in just one week. The story spreading through dealership break rooms across the country is becoming all too familiar. A new wave of digital payment fraud has hit the auto industry hard, with a particularly nasty scheme targeting Chinese-speaking communities through WeChat. But this time, industry veterans are taking a different approach to fighting back.

The Fraud Scheme That's Costing…

330 buy/sell transactions, representing a record 544 franchises, were completed in first nine months of 2024, according to the Third Quarter 2024 Blue Sky Report® by Kerrigan Advisors, as more sellers came to market to capture historically high blue sky values; nearly doubling pre-covid buy/sell levels, market velocity…

The automotive industry faces unprecedented challenges in protecting customer data privacy. As vehicle transactions increasingly move online and dealerships collect more personal information, the need for robust security measures has never been more critical. Central to this process is the use of encryption in safeguarding customer data in automotive retail to avoid privacy breaches, and how dealerships can implement encryption to protect their customers and…

Sale of Lafayette’s top volume luxury dealership marks Kerrigan Advisors’ 281^st dealership sold since inception, and 68^th luxury franchise sold since 2014; transaction illustrates continued buyer demand for high-quality, low-risk…

Auto industry honorees were recognized at Cherokee Media Group’s Used Car Week

RENTON, WA – December 3, 2024 – Car Pros Automotive Group, a leading automotive sales and service group, announced today that CFO Shirley Jones was honored with a 2024 “Women in Retail” award from Cherokee Media Group. This…

In recent years, electric cars have become a central focus of the automotive industry and an increasingly popular choice for environmentally-conscious drivers. As technology evolves and concerns about climate change intensify, electric vehicles (EVs) are offering an innovative and…