Cardone Automotive Resources has hired Jeff Bounds as head of automotive, noting that Bounds will continue the company’s focus on operational consulting, lead generation tech, people development and digital services. Bounds will build on company leader Grant Cardone’s work in offering dealership sales and service tools. Bounds said his goal for the partnership is for […] [Read More]

Lithia Motors’ Tuesday announcement that it has added Chrysler Dodge Jeep Ram Fiat and Subaru stores in Morgantown, W.Va. is its second recent announcement of expansion to the Morgantown area. Lithia in June of this year acquired Ford Lincoln of Morgantown, which the company said was part of the Lithia nationwide network reaching 82% of the […] [Read More]

Take a bus, take a train, or rent a vehicle. Ridesharing company Hitch says that for people who don’t own a car, those are pretty much the only options for long-distance travel between most American cities. After Hitch’s announcement last week that it is expanding its service to Dallas, people can now use the Hitch app […] [Read More]

Used-car sales saw only a slight decline last month, and the seasonally adjusted annualized rate of sales remains on a steady course, according to Cox Automotive. There was a 0.1% dip in sales volume for used cars in September, the company said, compared to an 11.3% slide on the new-car side. The overall used-car SAAR […] [Read More]

Things have come full circle for Mark O’Neil. The former Cox Automotive chief operating officer who retired in March was named to the board of directors at CarMax, a company he helped develop and launch. O’Neil was with CarMax from 1992 until 2000, including time as its vice president from 1997 to 2000. “Mark is […] [Read More]

In his new role as senior vice president, business leader, CRM and layered applications for CDK Global, Scott Thompson will set the strategy for the CDK and DMS-agnostic layered applications such as CRM, service, desking, menu, F&I, inventory, credit services and other layered apps. Thompson, who will be based in the company’s Austin, Texas office, […] [Read More]

Payment and operating technology company Comdata says its new business intelligence product helps local and trucking fleet managers get more strategic and actionable analytics from their Comdata fuel cards. Comdata, a FLEETCOR company, said the new product is called Comdata OneLook, and through key performance indicators, visualizations, and dashboards, it uses online analytics to measure […] [Read More]

DealerCenter, which provides web-based and mobile technology products for dealerships and finance companies, said on Thursday that its new partnership with MAX Digital will provide independent dealers with access to market-based pricing and appraisal intelligence. Dealers will gain that intelligence through DealerCenter’s all-in-one dealer management system and mobile product. MAX Digital executive vice president Mike Cavanaugh said […] [Read More]

An ample supply of popularly equipped off-lease vehicles, consumer concerns about the economy and upgraded certified used-vehicle programs from major players, have set the stage for another record-setting year of CPO sales, said industry analysts and managers of factory CPO programs. Cox Automotive predicts that industry-wide CPO sales will hit 2.75 million units by year-end, […] [Read More]

The Appraisal Lane says problems such as fraud, crime and filing the appropriate sales and DMV paperwork result in an overwhelming and time-consuming private-party sales process. At the same time, the company sourced a Black Book survey titled, "Trade Appraisal: How to Narrow the Gap to Close More Deals," which showed that getting the right trade-in appraisal was "very important […] [Read More]