Next up on our series of podcasts from NADA Show 2020 last month in Las Vegas, ACV Auctions chief executive officer George Chamoun reflects on his first trip to the annual NADA convention three years ago and the company's growth since then. Plus, Chamoun discusses the tech ACV plans on building this year, how it […] [Read More]

A new partnership between Dilawri Group of Companies and Brian Ross for co-ownership and operation of Ferrari Maserati of Vancouver represents the first Ferrari and Maserati dealerships for Dilawri, which says it is Canada’s largest automotive group. Brian Ross acquired Ferrari Maserati of Vancouver in 2004, and in 2010 he relocated operations to a new […] [Read More]

Used-vehicle sales climbed more than 4% last month, but the market may only be warming up. Analysis from Cox Automotive indicates there was a tax refund-fueled “liftoff” in the used-car market during the first week of March, with retail sales climbing more than 30%. “The seasonal sales jump has been slower to happen as a […] [Read More]

TrueCar has its official president and chief executive officer. Mike Darrow, who has been TrueCar’s interim president and CEO since May 31, was named to the position Tuesday. Darrow, who has been with TrueCar for three years, will join the company’s board of directors, as well. He took on the interim post last spring, replacing […] [Read More]

The Manheim Used Vehicle Value Index literally is on a record-breaking start to the year. Cox Automotive reported wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.35% month-over-month in February. This movement pushed the index up by 6.2% from a year earlier, leaving the index at a new record high of […] [Read More]

Marc Cannon says AutoNation is grateful to NTT INDYCAR SERIES drivers Alexander Rossi, Jack Harvey, and Ryan Hunter-Reay, along with their teams. “They may be fierce competitors on track, but they’re on the same team when it comes to helping drive out cancer,” said Cannon, who is AutoNation executive vice president and chief marketing officer, […] [Read More]

General Motors has selected MAX Digital, a data-driven software provider for automotive dealers, as a turnkey program provider for its in-Market Retail, or iMR, program. Participating GM dealers can use their iMR funds and receive GM iMR co-op match on their purchase of services from MAX Digital as a turnkey vendor for inventory management with […] [Read More]

AAA reported on Monday that the nationwide average price for a gallon of gas stood at $2.38 with some locations like Texas, Oklahoma and Mississippi approaching the $2 mark. That’s the lowest cost at the pump in more than a year, according to AAA. As a result, Black Book is seeing values for fuel-efficient vehicles […] [Read More]

After an admittedly challenging 2019 for its TradeRev business unit, KAR Global outlined several adjustments to its approach for that digital dealer-to-dealer auction property in an earnings call last month. Among those adjustments: changing the go-to-market strategy for TradeRev, blending the TradeRev and ADESA sales teams and trimming incentives. And in a follow-up interview with Auto […] [Read More]

Byrider returned to stake a claim in the Windy City market with a revamped store about 30 minutes from downtown Chicago. The chain of buy-here, pay-here dealerships recently re-established itself in Bridgeview, Ill. In celebration of the grand opening, Byrider hosted a store event to showcase Bridgeview’s new Byrider store and branding. Village of Bridgeview […] [Read More]