It’s been about two weeks since Hurricane Florence lashed the Carolinas with rain measured in feet in some places. Now the task given to the wholesale industry — contending with flood-damaged vehicles — is gaining steam. To accelerate catastrophe response in the Carolinas and Virginia, Insurance Auto Auctions (IAA), a business unit of KAR Auction Services, announced […] [Read More]

One of the presenting sponsors of Used Car Week 2018 recently collected another accolade. Jayne Bronchetti, president of Millennium Capital and Recovery Corp., has been named one of Profiles in Diversity Journal’s Women Worth Watching for 2018 based on her lifelong pursuit of equality in the workplace at public and private companies. Along with Bronchetti, […] [Read More]

Familiar names now have new roles at Sonic Automotive. This week, the publicly traded dealership group announced that its board of directors has elected David Smith as chief executive officer and Jeff Dyke as president, both effective as of Tuesday. Sonic also said Scott Smith, the company’s co-founder, resigned as chief executive officer and president […] [Read More]

Audi has launched a monthly vehicle subscription service, partnering with five Dallas-Fort Worth-area dealerships, including two Group 1 Automotive stores. Through the Audi select subscription program, which costs $1,395 per month, subscribers will be able to use the Audi A4 sedan, A5 Cabriolet, Audi Q5 and Audi Q7 SUVs, and S5 Coupe models. They will […] [Read More]

The Federal Open Market Committee at the Federal Reserve voted unanimously to push the target range for the federal funds rate to 2 percent to 2.25 percent. Wednesday’s development marked the fourth rate hike this year, building expectations for at least one more before 2018 closes. The Cox Automotive team of analysts and economists examined the […] [Read More]

Buy-here, pay-here dealers and other finance companies that leverage PayNearMe now have a wider net to capture customer payments. PayNearMe, a service of Handle Financial, on Thursday announced the release of a complete mobile-first payment platform, enabling merchants to accept payments from their consumers at any time, anywhere and any way they want to pay. The […] [Read More]

There is a common misconception that car dealerships across the country must push through when they’re selling to skeptical buyers. Some Canadians in the market for a new vehicle may be mindful of dealership stereotypes such as pushy salesmen, questionable processes and dishonest deals. However, this doesn’t mean these stereotypes are true. Utilizing marketing strategies […] [Read More]

The news became public recently that Cox Automotive chief operating officer Mark O’Neil plans to retire on Feb. 1. For this Auto Remarketing Podcast episode, Nick shared a discussion with O’Neil, touching on the current status of the company and what he is looking to accomplish before wrapping up his nearly 30-year professional automotive career. […] [Read More]

Perhaps you know the name Fiserv. However, Charles Sutherland explains why the industry should get to know Firserv again — but now as Sagent Lending Technologies. In this episode of the Auto Remarketing Podcast, Nick connected with Sutherland, who is the chief product officer at Sagent Lending Technologies, to discuss how the company landed at […] [Read More]

It’s Saturday afternoon around Bristol Motor Speedway, and Chase Elliott is outside his RV, graciously answering a hodge-podge of questions from a few reporters ahead of that night’s race. Sporting jeans, sneakers and Kelley Blue Book-emblazoned golf shirt and hat, NASCAR’s young and perhaps brightest star fields inquiries about the famed short track, his Atlanta […] [Read More]