Previous winners of the Congressional Award Foundation’s Horizon Award include NFL star Drew Brees, actor Dwayne “The Rock” Johnson and Arnold Schwarzenegger. On June 20,  the owner of Larry H. Miller Group of Companies — parent company of the Larry H. Miller Dealerships and various other entities — will join that list of honorees. The foundation announced […] [Read More]

Lithia Motors says that it has a strong strategy for success in “acquiring strong stores that are underperforming relative to their potential.” The company says its latest acquisition is another example of that strategy. Lithia Motors on Tuesday announced the addition of Hamilton Honda in Hamilton Township, N.J. The company said the move expands Lithia’s […] [Read More]

KAR Auction Services chairman and chief executive officer Jim Hallett calls its 2011 acquisition of upstream remarketing platform OPENLANE a significant milestone for KAR “that ignited the digital transformation for our company and really, for the entire industry.” “Throughout the years, OPENLANE has continuously reset the bar for upstream remarketing through invention, innovation and signature […] [Read More]

U.S. Rep. Roger Williams (R-Texas) has strong feelings about the importance of the used-vehicle market. “It’s growing, because the price of new cars is getting so high, and people are basically payment buyers,” Williams said. “The price of used cars is going up proportionally. “So maybe a person could budget $500 a month, and it […] [Read More]

EchoPark Automotive is moving from the “Petri dish” to “significant growth mode,” says its president Jeff Dyke, who holds the same position with parent company Sonic Automotive. Sonic’s standalone used-car store chain, which is now profitable and expected to break $1 billion in revenue this year, will likely open another location in 2019, something it […] [Read More]

Enterprise Holdings’ chief executive officer Pam Nicholson, president and chief operating officer Christine Taylor, and Enterprise Holdings Foundation president Carolyn Kindle Betz have something in common. They started out in the company’s management training program. “We firmly believe in the power of the Enterprise Management Training Program, primarily because we've watched it take some of our greatest leaders […] [Read More]

Columbus Fair Auto Auction is encouraging dealers to “skip the phone call.” Dealers should submit their requests for flooring services, gate passes, reports, transportation and inspections through “Post Sale Assist,” powered by AuctionVcommerce. AuctionVcommerce says Columbus Fair Auto Auction is the first independent auto auction to integrate a digital service option allowing customers to manage their post-sale activities directly […] [Read More]

Alliance Auto Auction was founded in Texas in 2011 and has operated four locations in the state. But Alliance’s chief executive officer Tim Adams has had a long-term goal to open an auction in Austin. He has now met that goal. Alliance Auto Auction is opening a new 35-acre greenfield facility in Austin. The auction […] [Read More]

Deloitte and ServiceNow, a cloud-based provider of digital workflows, recently signed a new strategic agreement to accelerate organizations’ enterprise digital transformation. Officials highlighted that Deloitte and ServiceNow plan to jointly develop, coordinate and bring to market new products, assets and solutions built on the Now Platform to help clients deliver seamless digital experiences across the […] [Read More]

NACHA and its Payments Innovation Alliance recently launched the ACH Quick Start Tool, an online educational resource designed to help small and medium-sized businesses more readily understand and use ACH to make and receive payments for an array of use cases. Officials explained the alliance is comprised of a diverse membership of corporates, third-party processors, […] [Read More]