Longtime ADESA Boston general manager and former National Auto Auction Association president Jack Neshe is retiring this week, ADESA parent company Carvana said in a statement. Neshe has been GM of ADESA Boston since 2007, after joining the auction as a service manager in the mechanic shop in 1990 and working his way up through […] [Read More]

The average U.S. auto dealership’s profits are down as the industry continues to “normalize” from pandemic-era highs, according to The Presidio Group’s latest quarterly report. Presidio Perspectives: A Quarterly Outlook on Auto Retail and M&A Trends for the fourth quarter of 2023 followed the publication’s debut in December, which focused on the decline from the […] [Read More]

Two companies are teaming up to bring a fully digital experience to the auto leasing process in the Canadian market. taq Automotive Intelligence has joined Canadian lease take-over specialist LeaseBusters, on a partnership the companies said solidifies their commitment to providing a modernized and digital lease transfer process. “This strategic partnership with LeaseBusters is rooted […] [Read More]

Data collaboration platform InfoSum and Experian are teaming up to help automotive brands use their own data to better connect and engage with the right buyer at the right moment. The companies have launched a solution designed to securely access insights about in-market or current vehicle owners, extend match rates and improve targeting, which they […] [Read More]

DAS Technology CEO & co-founder Alexi Venneri joins the Auto Remarketing Podcast from NADA Show 2024 in Las Vegas, where she talks with Cherokee Media Group senior editor Joe Overby about helping dealers navigate the customer experience, digital retail myths, the company’s latest study and much more. Listen to the conversation in the window below […] [Read More]

From his perspective as National Vehicle Leasing Association president, Tarry Shebesta recently pinpointed two main issues facing his constituency coming out of the conferences in Las Vegas hosted by other trade organizations. After spending 11 days in Las Vegas mingling with other attendees at the respective conferences hosted by the American Financial Services Association and […] [Read More]

FS-ISAC, a member-driven, not-for-profit organization that seeks to advance cybersecurity and resilience in the global financial system, announced the findings of its annual global intelligence office report, Navigating Cyber 2024. The organization highlighted its report details the increasing sophistication of adversarial tactics, techniques, and procedures leveraged by threat actors, such as social engineering, SEO poisoning, […] [Read More]

Last week, APCO Holdings — home to EasyCare, National Auto Care (NAC), GWC Warranty, and MemberCare brands of automotive and RV products — announced that Kumar Kathinokkula has joined the F&I provider and administrator as chief technology officer. The company highlighted Kathinokkula brings more than 30 years of experience in IT and product management with […] [Read More]

Potential fraud at your dealership or finance company can stem from activity outside the continental United States, as a case recapped by the Justice Department shows. The U.S. Attorney’s Office for the District of Massachusetts recently announced a Lowell woman was sentenced for her role in a scheme to use the stolen identities of United […] [Read More]

Courtesy of the internet, smartphones and other technologies, consumers know more about vehicles and how to acquire them than ever. Six primary findings from the sixth annual U.S. Consumer Insights Report from CarGurus reinforced this market condition. The digital auto platform for shopping, buying, and selling new and used vehicles sought to learn more about […] [Read More]