Ken Garff Auto Group announced Monday that it is buying out New York-based Leucadia National Corp. from its 12-year Garcadia dealership partnership. The company said the transaction is expected to close in Q3. Early this month, terms of the deal were ratified by the boards of Leucadia and Ken Garff. "We've had a strong relationship […] [Read More]

APCO Holdings recently brought a top executive over from a competitor in the F&I space to be one of its crucial leaders. APCO Holdings, home of the EasyCare, GWC Warranty, Covideo and SAVY brands, has named David Vickers as the company’s new chief financial officer. Vickers brings 35 years of experience in the insurance and […] [Read More]

Uber’s compliance challenges with federal regulators involving data security intensified last week. According to a news release, Uber has agreed to expand the proposed settlement it reached with the Federal Trade Commission last year over charges that the ride-sharing company deceived consumers about its privacy and data security practices. After the announcement of last year’s […] [Read More]

You can expect another year of 10 million wholesale vehicles at traditional, brick-and-mortar auto auctions in 2018. But that comes with a twist, according to Cox Automotive’s 2018 Used Car Market Report & Outlook. There is also some change afoot in what the off-lease supply might look like.  Starting with wholesale, the report’s section on wholesale […] [Read More]

At the expense of sedans, customer loyalty to SUVs and CUVs has reached record levels. This trend is expected to continue given the steady growth of utilities and pickups, according to a recent analysis. In fact, over the next three years, there’s expected to be up to five times as many new utility nameplates introduced […] [Read More]

Jared Rowe is now back in the trenches of automotive marketing and with a company where his career started. AutoWeb, which previously operated a Autobytel and a provider of digital automotive services connecting in-market car buyers with dealers and OEMs, appointed Rowe as director, president and chief executive officer on Thursday, succeeding Jeffrey Coats in […] [Read More]

Toyota and Honda auto dealers deliver the best customer experience in the country, according to a ranking based on a survey of 10,000 consumers released Thursday. Of the 18 auto dealers included in this year’s Temkin Experience Ratings, Toyota earned the highest rating in the industry, and Honda followed closely behind in second place. Meanwhile, among the 20 […] [Read More]

Tamara Darvish is embarking on another automotive industry endeavor. Capital Automotive Real Estate Services — which orchestrates custom tailored financing packages for dealers — announced that Darvish joined the company as its new chief operating officer. Capital Automotive highlighted that Darvish will use her knowledge and expertise to lead both the acquisition and real estate […] [Read More]

Here’s a development aimed at providing some ancillary benefit to auto finance companies when the vehicle connected to the installment contract is stolen. This week, CalAmp announced plans to partner with TransUnion to help insurance carriers better manage risk, minimize replacement losses and improve customer service. The partnership intends to leverage TransUnion’s insurance data and […] [Read More]

In another busy week of activities associated with the Consumer Financial Protection Bureau, the American Financial Services Association joined with the National Automobile Dealers Association and other sister trade associations in supporting S.J. Resolution 57 to disapprove the CFPB’s 2013 auto finance guidance. On March 22, Sen. Jerry Moran (R-Kan.) introduced S.J. Res. 57. This […] [Read More]