Jack Hollis, a former top executive with Toyota North America, has joined Accrual Equity Partners as managing partner. AEP, a private equity firm focused on the automotive services and retail sector, said Hollis will focus on expanding the firm’s presence and its investment, acquisition and partnership opportunities throughout the sector, including dealerships, automotive services and […] [Read More]

Auto dealers today are under constant pressure to operate more efficiently, forecast more accurately, and make faster, data-driven decisions. From inventory management to customer engagement, traditional methods of running a dealership are being re-evaluated in favor of smarter, scalable approaches rooted in automation and intelligence, which means successful dealers are constantly forced to keep pace […] [Read More]

PassTime recently recapped the industry’s lobbying victories in the Sunshine State that arrived in part because of a collaborative effort by the National Independent Automobile Dealers Association, the Florida Independent Automobile Dealers Association and the asset tracking solutions provider. The efforts successfully worked to amend a recent law enacted in Florida regarding legislation associated with […] [Read More]

Next up on our Live Stage from Canada’s Used Car Week is a conversation with Coralee Zueff, author of “Five Star Service Advisor,” about empowering women in automotive and engaging the next generation of auto industry professionals. Zueff talks about her journey in automotive after getting into the industry by accident, engaging students about the […] [Read More]

Already earning high praise from a quartet of finance companies that often operate in the subprime space, Salient announced on Monday that it has secured $60 million in funding to reinforce operations as an artificial intelligence-powered financial services technology provider. Fueling the funding are Andreesen Horowitz, Matrix Partners, Michael Ovitz, and Y Combinator. Salient said […] [Read More]

One of HGreg’s Quebec dealerships certainly merits praise. HGreg INFINITI Laval has been selected for INFINITI Canada’s Order of Merit for the sixth consecutive year. The award recognizes dealerships that demonstrate an exceptional commitment to customer satisfaction, quality of service and operational excellence. “Whether customers are purchasing a vehicle or visiting our service department, our […] [Read More]

With apologies to the postseason dreams of Mets fans (and, subsequently, Yankees fans), the Dodgers knew the value of a trade in 2024. Tommy Edman was traded to Los Angeles during the 2024 season and became an instant hero in the playoffs. He was named MVP of the National League Championships Series, hitting .407 with […] [Read More]

Repairify announced a new hire and two executive promotions on Monday. The provider of remote diagnostics, calibrations, programming, and automotive intelligence for the collision and mechanical repair industries first revealed the hiring of Jennifer Hawxhurst as a vice president of sales and field sales leader. Meanwhile, promoted to new roles at Repairify are Aubrey Dahl, […] [Read More]

Online wholesale EV auction platform Plug wants to work with brick-and-mortar wholesale auctions to offer more services to its consignor customers. It has already partnered with one auction and looks to aggressively add more. “We have found as we try to grow our footprint in commercial consignors that sometimes they need real estate to be part of the service,” Plug founder and CEO Jimmy Douglas told Auto Remarketing. For example, Plug’s customers include auto manufacturers and lenders who have ... [Read More]

Lance Vickery, whose long automotive career includes more than 20 years in leadership roles with CARFAX, has joined Montway Auto Transport as chief revenue officer for strategic growth. The third-party logistics brokerage said Vickery will be responsible for driving revenue growth and fostering long-term partnerships across the automotive sector by leading enterprise-level revenue strategies and […] [Read More]