Brian Benstock of Paragon Honda and Paragon Acura sees “a direct correlation” between profitability and the short amount of time available between acquisition of a vehicle and making that vehicle retail-ready. Benstock, who is general manager and vice president of the dealerships, chose ReconVelocity, which says it brings technology and pit crew precision to the […] [Read More]

The team at J.D. Power Valuation Services pinpointed three reasons why used-vehicle wholesale prices through July on average came in 2.1% higher than during the same seven-month period in 2018. In the latest edition of Guidelines, analysts attributed the factors triggering that wholesale-price growth as: — Higher new-vehicle prices and affordability concerns — High levels of […] [Read More]

Based in part on the findings of a consumer survey it orchestrated during the past year, AutoGravity now is looking to provide dealers with leads via a subscription service. The digital platform provider already helped consumers find ways of landing financing for a vehicle purchase. On Monday during the opening of Digital Dealer 27 in Las […] [Read More]

Perhaps finance company executives might become a bit concerned when seeing the combination of slowing originations coupled with broad economic turbulence stemming from global trade clashes as well as more troubling signs emanating from markets beyond the United States. Well, a pair of analysts from TransUnion looked at their latest data and reiterated the fundamentals […] [Read More]

As AUL Corp. collected a regional accolade for the sixth consecutive year based on its workplace, Axiom announced the newest member of its executive team. Susan Johnson recently joined Axiom in the role of executive vice president with the responsibility of leading full-cycle product development and administration initiatives for current and future products. As a […] [Read More]

It was a great start to the second half of the year for the certified pre-owned car market. There were 236,579 CPO vehicle sales in July, which beat year-ago figures by 6%, despite trailing June figures by 2%, says a new Data Point report from Cox Automotive, which cites Motor Intelligence data. This follows a […] [Read More]

A Cox Automotive conference call discussing the latest phase of its study titled, “Evolution of Mobility: The Path to Electric Vehicle Adoption,” highlighted results from a Cox Automotive survey of consumers and dealers. One of those findings: Consumers believe EVs are coming, but that hasn’t increased their interest in buying one. The session discussed additional […] [Read More]

A 40-acre expansion of Copart’s Atlanta East location, which the online vehicle auction company announced on Friday, marks the second time Copart has expanded that location this year. Copart said the expansion is a continuation of the execution of its capacity growth initiative. This location is one of nine Copart locations in Georgia. Copart’s Atlanta East auctions […] [Read More]

Group 1 Automotive has added former S.C. Johnson executive Steven Stanbrook to its board, expanding the number of directors to 10. In a news release Thursday, Group 1 said Stanbrook spent more than 30 years in the global consumer packaged goods sector, most recently as the chief operating officer for international markets at S.C. Johnson, […] [Read More]

Hudson Cook announced this week that nine of the firm’s attorneys were recently selected for inclusion in The Best Lawyers in America 2020, including four who are celebrating 10 years or more on the list. The firm highlighted attorneys named to The Best Lawyers in America are recognized by their peers in the legal industry […] [Read More]