ServNet auction owners gathered for their fall business meeting earlier this month in Dallas, and in the process decided on the leader who will be its president for the next two years. Taking on the role of president is Bruce Beam, general manager of Dealers Auto Auction of Oklahoma City. Beam succeeds Eric Autenrieth of […] [Read More]

Carsharing marketplace HyreCar says it is benefitting from the continued growth of rideshare and food/package delivery opportunities. “By partnering with HyreCar, dealers have a turnkey solution to optimize inventory utilization and participate in the incremental revenue opportunities that on-demand transportation trends offer today,” HyreCar chief executive officer Joe Furnari said in a news release. Noting […] [Read More]

United Road used the acquisition route to expand its operations on Monday. United Road, in partnership with its owners, The Carlyle Group, and other investors, announced the acquisition of Team Drive-Away (TDA) and its affiliates Driveaway USA and Fr8 Management from CID Capital. Based in Olathe, Kan., TDA is a national non-asset-based commercial vehicle logistics […] [Read More]

Two wholesale market trends are continuing to gain momentum, according to the latest Black Book Market Insights report. Analysts pinpointed the momentum’s source: Dealers are passing on a growing number of vehicles in the lanes, and it's pressuring prices to soften. “Values of car and truck segments declined at a similar rate last week. The […] [Read More]

A select group of franchised dealers are in the running for one of the industry’s most prestigious honors. TIME and Ally Financial on Tuesday announced the nomination of 49 exceptional dealers for the TIME Dealer of the Year Award, recognizing them for their business success and dedication to giving back. Chosen from nearly 17,000 franchised […] [Read More]

As one of its divisions celebrates its 20th anniversary of operations, KAR Global welcomed three additions to its board of directors in an effort to expand diversity and cross-industry expertise. The newest board members include Stefan Jacoby, David DiDomenico and Mary Ellen Smith. KAR Global highlighted Jacoby has more than 30 years of automotive industry […] [Read More]

EFG Companies hired two financial professionals on Tuesday for leading executive roles; individuals who possess a combined 50 years of professional experience. The provider of innovative F&I solutions for automotive dealers, finance companies and agents named Neha Parikh as chief financial officer and Ben Cantrell as vice president, treasurer and controller. As CFO, Neha Parikh […] [Read More]

In his new role as general manager of DealerFire, DealerSocket’s digital business unit, Max Steckler will lead the unit and be responsible for strategy, product direction, go-to-market execution, operations and P&L management. DealerSocket said Steckler’s SaaS technology and vertical domain expertise are in automotive retail websites, digital advertising and marketing, agency services and digital retailing. The company […] [Read More]

Auto transport technology company Ship.Cars USA says that for too long, shippers, carriers and brokers have struggled to make their operations thrive. The company adds that drivers, dispatchers and owner-operators have been “drowning in paperwork,” looking for ways to select loads online and process multi-vehicle orders. “Shippers have been searching for a viable method to […] [Read More]

Mike Darrow describes mobility as something people should not take for granted. “Driving is core to independence and a significant expression of autonomy, something we honor every day at TrueCar,” said Darrow, who is TrueCar's interim chief executive officer and president. Because of the importance of driving to independence, TrueCar is again partnering with AutoNation […] [Read More]