NextGear Capital has a new president. Parent company Cox Automotive announced Monday that Scott Maybee, previously the general manager of Manheim Northstar Minnesota, is the new leader of the inventory finance company, a move effective today. Maybee will report to Cox Automotive executive vice president and chief financial officer Mark Bowser. “At Manheim, Scott successfully […] [Read More]

NIADA Certified Pre-Owned on Wednesday introduced the NIADA CPO Daily Rental Vehicle Program, which leaders say can bring increased service revenue to independent dealers. Scott Lilja, who is senior vice president of member services at the National Independent Automobile Dealers Association, said the new program offers the association’s dealer members improved efficiencies “and an outstanding complement to our […] [Read More]

In his new position as senior manager, corporate communications and public relations for Cox Automotive Canada, Mark James will lead all communications for the company and its brands across the country. James, who most recently served as manager of corporate communications at Kia Canada, joined Cox Automotive Canada, effective Monday. He will report to Cox Automotive […] [Read More]

Electric vehicle designer and manufacturer Fisker is describing its upcoming all-electric luxury SUV as “the world’s most sustainable vehicle,” with features such as recycled materials and a full-length solar roof. Now, the vehicle has a name: Fisker Ocean. Fisker will unveil the vehicle on Jan. 4, 2020 during a private event that will be live […] [Read More]

CarGurus is readying a suite of digital marketing products that will more strategically connect the 37 million unique consumers that visit its online automotive marketplace each month with the websites of dealers who list vehicles for sale on CarGurus.com. The group of “real-time performance marketing” products is set to debut in January, said CarGurus president […] [Read More]

As part of the Best Auto Auctions to Work For program, which is presented by CARS Recon, Auto Remarketing is provided with a wealth of data from the Best Companies Group, which manages the study and analyzes the data. Among the information provided by BCG is employee response benchmark data across eight categories and multiple employee survey data […] [Read More]

As experts from ALG and Kelley Blue Book watched average transaction prices (ATP) for new models climb again in October, Edmunds noticed average interest rates for new-vehicle financing remained below 6% for the fourth month in a row. Edmunds pegged the average APR on new financed vehicles at 5.7% in October; the same reading as September […] [Read More]

As part of the Best Auto Auctions to Work For program, which is presented by CARS Recon, Auto Remarketing is provided with a wealth of data from the Best Companies Group, which manages the study and analyzes the data. Among the information provided by BCG is employee response benchmark data across eight categories and multiple […] [Read More]

Group 1 Automotive said on Thursday that its president of U.S. operations Daryl Kenningham will also assume responsibility for the company’s Brazilian automotive operations. Group 1 president and chief executive officer Earl Hesterberg said in a news release that Kenningham has served an instrumental role in driving the company’s U.S. performance. “And extending his role to […] [Read More]

While referencing conditions of consumers who might be purchasing particular vehicles in your inventory or are already contract holders within your portfolio, Federal Reserve chairman Jerome Powell reiterated the impacts made by policymakers involving interest rates do not necessarily fire as quickly as a vehicle’s push-button ignition. Powell appeared during another press conference on Wednesday afternoon […] [Read More]