Cox Automotive discovered two trends originating in May that might frustrate some dealerships, especially stores that might have landed a bit short of monthly goals. In May, wholesales prices moved higher as used-vehicle sales softened. Before used-car managers reach for their stress balls, here are the specifics. Cox Automotive determined wholesale used-vehicle prices (on a […] [Read More]

Automotive strategy consultancy Maryann Keller & Associates will be researching the effectiveness of franchised dealer advertising in a new study announced Thursday. The project will examine the possible correlation between lower new-car profit margins and the move towards digital advertising. The firm’s principal, Maryann Keller, will be among the keynote speakers at the Automotive Intelligence […] [Read More]

Just 48 hours after opening its 10th car vending machine in the Washington, D.C. area, Carvana announced Thursday that its 11th Car Vending Machine is now available in Orlando, Fla. Carvana’s latest car vending machine joins two other Sunshine State locations in Jacksonville and Tampa. Standing eight stories high, the new Orlando car vending machine can […] [Read More]

The dealer advisory board for Joydrive has now landed two of the nation’s top dealers, including the chair of the Texas Automobile Dealer Association, whose stores will also list their inventory with the online car sales startup. Classic Chevrolet dealer principal and TADA chairman Tom Durant has joined Don Fleming of independent dealership Northwest Motorsport as […] [Read More]

Dave Kennedy and Les McCook of the American Recovery Association shared some vivid anecdotes originating from meetings with Jack Tracey and Joel Kennedy of the National Automotive Finance Association along with leadership of close to 30 finance companies with large and small portfolios. “They saw the hardship that was being placed upon their vendor network. […] [Read More]

AutoNation has agreed on a multi-year partnership with multi-platinum, singer, songwriter and record producer Andy Grammer for the automotive retailer’s Drive Pink initiative, the company announced Wednesday. Raising awareness and early detection is important to the pop artist because he lost his mother, Kathy Grammer, to breast cancer, according to AutoNation. "Andy Grammer is an extraordinarily talented artist. We are […] [Read More]

Cox Automotive's Dealertrack announced Wednesday that it has promoted Kaitlin Gavin to serve as new Dealertrack registration and title solutions vice president and general manager. Gavin most recently joined Dealertrack's registration and title solutions business just last year to serve as the senior director of business operations, according to the company. In her new role, along […] [Read More]

Hertz Asia Pacific has partnered with Make-A-Wish Foundation to provide complimentary rental vehicles to families who travel in six Asia Pacific countries as part of their wish experience.  The car rental company announced Tuesday that in addition to providing free rental vehicles to Make-A-Wish families commuting in Australia, New Zealand, Singapore, South Korea, Japan and China, it […] [Read More]

When GWC Warranty announced several additions to its sales leadership team, the provider of used-vehicle service contracts sold through dealers didn’t go with “green peas” to fill these positions. This week, GWC Warranty highlighted that five newly created regional sales manager (RSM) positions were created to enhance an already robust sales team by adding more […] [Read More]

Nicholas Financial has a new chief financial officer. According to a recent announcement, Kelly Malson will become the subprime auto finance company’s CFO effective on or before June 15. Malson will replace Chad Steinorth, who rejoined the institution on March 1 as vice president and interim CFO. Before coming aboard at Nicholas, Malson was appointed […] [Read More]