Through July, auction volume of late-model vehicles is up 4.2 percent from where it was after seven months of 2017. That’s according to the latest Guidelines report from J.D. Power Valuation Services, which defines late-model, in this case, to be vehicles up to 5 years in age. And the increase in that slice of auction […] [Read More]

Copart has opened a new South Carolina location on almost 100 acres of land in the city of Spartanburg. The company announced Thursday that its new Spartanburg auction is located at 1921 Nazareth Church Road. This news comes just a few months after the company made an announcement in June that it has opened a new North […] [Read More]

ADESA has named a new auction general manager for its ADESA Phoenix location, who brings 25 years of auction experience to his new role. The company announced Thursday that it has chosen Rod Davis from ADESA Brasher’s to head up its Phoenix-area auction located in Chandler, Ariz. Davis, who most recently served as ADESA Brasher’s assistant GM, has been an […] [Read More]

The polar opposite reaction to a one-vote margin of passage within the Senate Banking Committee reinforced why the nomination of Kathy Kraninger by President Trump to be the next director of the Consumer Financial Protection Bureau appears to be so controversial. Committee members approved by a vote of 13-12 on Thursday morning to forge ahead […] [Read More]

Vancouver-based OpenRoad Auto Group — comprised of 23 stores and 19 brands — has had a busy past year. The dealer group expanded into the U.S. for the first time with the acquisition of a Bentley, Rolls Royce and Lamborghini store in Bellevue, Wash., south of Seattle. And the dealer group added the McLaren nameplate, […] [Read More]

Informing Ontario car-buyers about their right to all-in price advertising is the aim of a new province-wide consumer awareness campaign launched by the Ontario Motor Vehicle Industry Council (OMVIC) this week. The Ontario vehicle sales regulator said that despite current laws regarding consumer protection rights, recent research shows that some car-buyers may be uninformed that dealer advertising […] [Read More]

Sometimes, making a move to the “closer” position pays off. Like in 2002, when ace pitcher and 2015 Hall of Fame inductee John Smoltz promptly posted 55 saves, a National League record, during his first full year as closer for the Atlanta Braves. But in automotive, there has also been some success with the opposite approach. […] [Read More]

The transformation of AutoCanada’s leadership structure appears to have peaked. According to a news release distributed on Wednesday, AutoCanada named three more top executives for the company that operates dealerships in both Canada and the United States. The company said Raj Juneja has been appointed as chief financial officer, while Michael Cunningham has been appointed […] [Read More]

One of Kia’s flagship dealerships has new owners. Kerrigan Advisors represented and advised Car Pros Automotive Group in its recent sale of Carson Kia — which the firm said is the highest volume Kia dealership in the U.S. since 2016 — to southern California-based Trophy Automotive Dealer Group (TADG). Opened in 2017, Kerrigan Advisors highlighted […] [Read More]

ACV Auctions has brought aboard a new company chief financial officer and chief corporate development officer. The company announced Wednesday that it has named Matthew George to serve as CFO and Craig Anderson to serve as chief corporate development officer. “We have achieved a tremendous amount in a few years,”ACV Auctions chief executive officer George Chamoun […] [Read More]