Car rental company Hertz Global Holdings has appointed Alexandra (Alex) Brooks as senior vice president and chief accounting officer, and she will oversee the company’s global accounting operations, financial shared services, tax and risk management. The appointment is effective Nov. 1 for Brooks, who is a certified public accountant with more than 25 years of […] [Read More]

In a key complement to our Women in Remarketing and Women in Auto Finance franchises, Auto Remarketing is proud to celebrate our second annual Women in Retail awards, a program sponsored by CarGurus. With these awards, we specifically recognize leaders on the retail side of the auto industry, including honorees from dealerships, dealer groups and third-party providers/vendors. We spotlight these honorees in […] [Read More]

In a key complement to our Women in Remarketing and Women in Auto Finance franchises, Auto Remarketing is proud to celebrate our second annual Women in Retail awards, a program sponsored by CarGurus. With these awards, we specifically recognize leaders on the retail side of the auto industry, including honorees from dealerships, dealer groups and third-party providers/vendors. We spotlight these honorees in […] [Read More]

The National Automobile Dealers Association will have a new president and chief executive officer on Jan. 1. NADA said Tuesday that succeeding Peter Welch as its top leader will be Mike Stanton, who has been the organization’s chief operating officer since 2018. Welch, who has been NADA’s president and CEO since 2013, had announced his […] [Read More]

Despite a third straight month-over-month decline, certified pre-owned sales in September beat year-ago figures by almost 10%. That’s according to a Cox Automotive analysis of data from Motor Intelligence, which indicated there were 224,536 CPO sales last month, which beat prior-year figures by 9.8% and came in 6% lower than August’s sales. Year-to-date certified sales are […] [Read More]

CARFAX has done “a significant amount of hiring in recent years,” said the company’s vice president of human resources Adrienne Webster. "Team CARFAX continues to grow," Webster said in a news release, adding that the company continues to focus on “our unique culture.” That is one reason the Washington Post recently recognized CARFAX — which […] [Read More]

Sonic Automotive has expanded its EchoPark Automotive used-car standalone store program to Tennessee. The retailer said Monday it has opened an EchoPark retail hub in Nashville, which is the first EchoPark location in the state and 13th overall. Sonic is aiming for a 140-point nationwide distribution network for EchoPark by 2025. The retailer is eyeing […] [Read More]

This week, Open Road Capital and Bain Capital Credit announced the formation of a strategic partnership to make long-term equity investments in automobile, heavy truck, recreational vehicle and heavy equipment dealerships and other transportation companies, especially operations that have been in family hands for decades. And these firms already made their first move by making […] [Read More]

One of the largest non-public dealer groups in California resolved some legal matters this week. Trophy Automotive Dealer Group announced that it has reached a settlement with Byron Moldo, the court appointed receiver for the Sage Group of dealerships. According to a news release, various TADG subsidiaries filed complaints in June and October against the receiver […] [Read More]

Auto Remarketing is recognizing its 11th annual CPO Dealer of the Year, and receiving the honors in 2020 is Ford dealer Jerry Mullinax, whose group includes five Mullinax Ford stores in Florida, one in Mobile, Ala., and another in Olympia, Wash. The group also includes a Hyundai store in the Orlando, Fla., area. Mullinax has […] [Read More]