Akerman recently bolstered its stable of legal talent by adding another former high-ranking official from the Consumer Financial Protection Bureau. The law firm’s consumer financial services practice Group welcomed Kathleen “Kitty” Ryan from Buckley Sandler as a partner in the Los Angeles office. Ryan previously served as the CFPB’s deputy assistant director for the Office […] [Read More]

GAA Classic Cars Auction announced Tuesday that it is gearing up for two big sales that will offer vehicles and memorabilia from two collections in March. On March 1, the Greensboro, N.C. auction will launch a three-day sale featuring 550 vehicles from the Gary Copeland Collection of 1932 and 1934 Fords. The sale will include a […] [Read More]

Penske Automotive Group is buying another used-car retailer in the U.K., a move the group’s chairman says “almost doubles” its standalone pre-owned store business in the country.   The dealer group said Tuesday it has signed a deal to purchase The Car People, a used-car retailer with four large-scale locations that sell a combined total […] [Read More]

Costco Auto Program announced Tuesday that now halfway through its Holiday Sales Event with General Motors, the program has already had 55 percent more Costco members register to take advantage of its exclusive offerings compared to last year. The Holiday Sales Event, which launched on Oct. 3, runs through Jan. 2. “We’re happy to see that the […] [Read More]

Wade Walker, founder of Corpus Christi Auto Auction and San Antonio Auto Auction, passed away Saturday. He was 55. “Wade was a devoted loving father, husband, grandfather, and friend to all. He enjoyed water skiing, snow skiing, cycling, traveling and spending time with family and friends,” reads an obituary provided by his family. “Wade was […] [Read More]

Holiday shoppers are in the throes of finding bargains for gift giving. Dealers are in the same predicament in the lanes while looking for inventory, according to the latest observations from Black Book. Along with what auction watchers described, this week’s Black Book Market Insights report showed both car and truck segments depreciating more than […] [Read More]

Dealers are still feeling relatively optimistic about their user-car operations. And for independents, in particular, they’re starting to see some relief from supply shortages — albeit in the form of pricier units. As part of the fourth quarter Cox Automotive Dealer Sentiment Index, franchised and independent dealers were asked for their thoughts on the current used-car […] [Read More]

CarStory announced Tuesday that it has introduced CarStory MicroDB, its new a patent-pending search and compression technology designed to increase automotive searches on desktops and mobile devices. CarStory MicroDB improves automotive searches by over 40 times, according to CarStory. “This is a really exciting evolution of search technology, empowering browsers with the capabilities of the datacenter,” parent […] [Read More]

The National Independent Automobile Dealers Association announced Tuesday that CarGurus has come aboard as its newest Bronze-level National Corporate Partner. CarGurus said the new partnership will allow the company to strengthen its collaboration with the independent dealer community. “We know our members will benefit from the valuable shopper connections CarGurus' platform delivers,” NIADA senior vice […] [Read More]

Ally Financial made a move on Tuesday to ensure a smooth transition involving one of the highest positions at the company. Ally announced that Jenn LaClair will be joining the company as chief financial officer designate, effective Monday, with the intent that she be appointed to succeed the company’s CFO, Chris Halmy. Ally indicated in […] [Read More]