Among the many festivities this past weekend during the 103rd National Automobile Dealers Association (NADA) Show in Las Vegas was awarding of one of the highest honors a franchised store operator can receive. Susan Moffitt of Porsche in Shreveport, La., was named the 2020 TIME Dealer of the Year by TIME and Ally Financial. Moffitt was […] [Read More]

Swapalease.com reported that the rate of vehicle lease transfer approvals softened a bit during the opening month of the year compared to the closing month of 2019. But compared to the start of the past two years, the January reading represented a notable improvement. Site officials determined vehicle lease credit applicants registered an approval rate […] [Read More]

One of the consignors that uses Motley’s Richmond Auto Auction rewarded the operation for its wholesale performance with a high honor. C&F Finance Co. named Motley’s Richmond Auto Auction as its 2019 Auction of the Year Award recipient, highlighting the operation posted the highest combination of retention and volume among the 26 auctions in 20 […] [Read More]

Technology has transformed every aspect of business development in the automotive industry over the past few decades, according to The Appraisal Lane, a mobile app-based community of appraisers who put guaranteed cash offers on used cars. One of those transformations, according to the company, is in the area of the industry’s approach to lead generation […] [Read More]

Jeff Dyke believes that saving reconditioning time adds margin to the bottom line. “We are very excited to have this tool and believe that it will speed up our cycle times and allow us to sell more cars,” said Dyke, who is president of Sonic Automotive, in a news release. Dyke is referring to reconditioning […] [Read More]

When someone in your immediate circle of friends, family and coworkers has a good or bad experience with anything, you feel better about making the same decision, said Autolist analyst Chase Disher. “Because cars are such a huge purchase in our lives, word-of-mouth means that much more here,” Disher said in a news release. According […] [Read More]

IAA recently added to its board of directors in an effort to sharpen its strategy as the wholesale market navigates a “digital transformation.” Coming aboard the leadership group as of Feb. 5 was Gail Evans, chief digital officer of Mercer, a global consulting leader in advancing health, wealth and career, and a wholly owned subsidiary […] [Read More]

Timbrook Automotive recently expanded its dealership group with Kerrigan Advisors playing a part in the transaction; the firm’s 85th dealership sale and 11th Honda franchise sale since 2015. Kerrigan Advisors represented and advised partners Bill Barnes and Paul Ritchie on their recent sale of Altoona Honda to Timbrook Automotive, which has 11 dealerships throughout Maryland, […] [Read More]

McConkey Auction Group president and chief executive officer Bob McConkey says his company is seeing more dealers in their 20s, 30s and 40s as of late. “We’ve also got a great team of young leaders emerging throughout our company,” McConkey said in a news release. He continued, “The Rock & Roll Sale’s 25th Anniversary will be […] [Read More]

Motormindz, an automotive consultancy that serves OEMs, technology providers, mobility and automotive retail, added two former FCA and Ford executives to its team. One of those new additions is Steve Beahm, former FCA senior vice president, head of Maserati, passenger car brands and Mopar. The second is Joe Bakaj, former vice president, product development, for Ford of […] [Read More]