The XLerate Group has a new chief operating officer. The auto auction company said Monday it has named former ADESA executive Pat Stevens to the post. The COO position had been unoccupied for a while after Darris McClure moved over to lead XLFunding, a floor planning business the auction group recently launched. As for Stevens, […] [Read More]

AutoNation announced Monday that chief executive Mike Jackson recently joined Fort Lauderdale, Fla., Mayor John  Seiler to unveil a giant pink ribbon statue on Fort Lauderdale Beach in recognition of Breast Cancer Awareness Month. The 20-foot tall statue symbolizes the importance of raising awareness and funding for breast cancer. It will be on display throughout the month of […] [Read More]

The surge Hurricane Harvey created still is rippling through the wholesale market. Black Book reported that its Used Vehicle Retention Index for September posted the largest month-over-month gain since March 2012. The index reading increased from 112.6 to 113.9. Hurricane Harvey caused major flooding throughout parts of Texas, resulting in an estimated up to 500,000 […] [Read More]

For the second time in about a year, Credit Acceptance is dealing with an attorney general subpoena. The finance company acknowledged late on Friday through a filing with the Securities and Exchange Commission that it received a subpoena from the Mississippi attorney general on Aug. 14. Credit Acceptance said the subpoena is relating to the […] [Read More]

Dealer Marketing Services, the makers of ProMax, on Monday announced significant enhancements to its certified integration with Dealertrack. ProMax is a certified partner of most major dealer management systems, and has offered a certified integration with Dealertrack since 2009. The newly updated two-way integration with Dealertrack further facilitates the automated transfer of data between ProMax […] [Read More]

Cox Automotive announced Monday it has appointed Patrick Brennan to be senior vice president of inventory solutions, marketplace, following the recent promotion of Grace Huang to president of the inventory solutions group. Brennan most recently served as senior vice president of logistics solutions, working to enhance the efficiency and client experience of Cox Automotive's Ready Logistics and Central Dispatch. The […] [Read More]

Throw storm-driven replacement demand into an already strong retail market, and you get what happened to the used-car business at the close of  the third quarter. The seasonally adjusted annualized rate of used-car sales eclipsed 40 million units last month, according to data accompanying the latest quarterly and monthly analyses from Cox Automotive. Through nine […] [Read More]

An auction operator who likely saw at least some of the rain from Hurricanes Harvey and Irma spelled out his five points to consider as the industry watches for flood-damaged vehicles. Chris Tomchay, co-founder and chief operating officer of The Appraisal Lane and co-owner of the Georgia-Carolina Auto Auction, shared his five thoughts as estimates […] [Read More]

The National Automobile Dealers Association recently rolled out a resource for members to help stores leverage vehicle leasing in a way that results in happy customers and compliant deliveries. In light of the vehicle leasing business reaching an all-time high in 2016 with 4.3 million new units being leased, NADA said consumers are still leasing new […] [Read More]

Selly Automotive announced Wednesday it has integrated its CRM platform with the Wayne Reaves Software DMS to enable sales and inventory data to sync for the company's dealers. “For dealerships looking for a CRM solution, we are happy to announce this partnership to assist dealerships and their teams in maximizing sales opportunities. This integration will allow […] [Read More]