This week, MetroGistics promoted three of its employees into managerial positions at the automotive logistics services provider. Brittany Twist, Alisha Bray and Alycia Lamartina all have new roles as Twist is now claims manager while Bray and Lamartina are both operations managers “We’re thrilled to promote all three valued employees,” MetroGistics co-founder and managing partner […] [Read More]

Fleurette Runyan from Consolidated Asset Recovery Systems (CARS) plans to answer four important questions during a free webinar the company is hosting at two different times next week. CARS’ director of sales for the central U.S. indicated many auto finance companies and other clients are curious about market averages for repossessions and other services. So […] [Read More]

Federal regulators not only are suing Volkswagen; now members of its franchised dealer network are taking action. Three family-owned Volkswagen dealers filed a class action against the automaker on Wednesday stating that the OEM intentionally defrauded dealers by installing so-called “defeat devices” in its diesel vehicles, and separately carried out a systematic, illegal pricing and […] [Read More]

In advance of Richard Cordray’s semiannual appearance before the U.S. Senate Banking Committee, lawmakers from Congress’ upper chamber conducted a hearing on Tuesday dubbed “Assessing the Effects of Consumer Finance Regulations,” where the primary topic was Consumer Financial Protection Bureau impact. While the CFPB’s director returns to Capitol Hill on Thursday, the Senate committee spent […] [Read More]

As GrooveCar significantly broadened its network of partners, PenFed Credit Union forged a relationship with CU Direct and the CUDL Network during last week’s NADA Convention & Expo with the expectation of increasing member loans and enhancing overall efficiencies with dealerships. Beyond the growth in membership and assets, PenFed sees this new partnership as a […] [Read More]

Continuing a theme in the Black Book Market Insights report series, wholesale truck prices are softening amid the spring selling season’s peak.  And, really, the early part of 2016, in general.  This downturn for many segments so far this year runs contrary to the trends spotted in the second half of last year, according to Black […] [Read More]

Readers who follow me in this periodical or by viewing my LotParty inventory learning shows know my hot buttons — forget “set and forget” pricing, never neglect to enrich online vehicle descriptions, and always respect the shopper by loading up lots of high-quality, 360-degree walk-around photos of every unit you market online.  Those are all […] [Read More]

Mark O’Neil, the newly minted chief operating officer of Cox Automotive, is staying put in Virginia, he tells Auto Remarketing during an on-site interview at the NADA Convention & Expo this past weekend. He has no plans to move to Atlanta, where Cox Automotive and its parent (Cox Enterprises) are headquartered. That’s no slight on the […] [Read More]

Online auto retailer Carvana ventured into its third market in Florida on Tuesday, adding Tampa, Fla., to its list of places the company can reach consumers in the Sunshine State. With the launch of operations in Tampa, Carvana now can offer free, next-day delivery to anyone within 100 miles of the city. In total, the […] [Read More]

With more entrepreneurs and franchised dealerships taking an interest in J.D. Byrider’s business model, the buy-here, pay-here chain recently promoted two of its employees to be franchise consultants. Ascending into this role are Lewis Scott and Tim Bullock. This move aims to help J.D. Byrider continue in its growth mode, which included the opening of 12 locations […] [Read More]