Brad Deery, Deery Brothers, West Burlington, Iowa “I have been very fortunate throughout my 28 years in the automobile industry to gain the ability and privilege to provide support to a wide variety of deserving people, schools, religious groups, civic organizations, clubs and teams in several ways,” nominee Deery said. “Whether the assistance is monetary […] [Read More]

Larry Clark, Larry Clark Chevrolet Buick GMC Cadillac, Amory, Miss. “Most dealers want stores in metro areas and I understand that,” nominee Clark said. “But I enjoy being in a smaller market and knowing the customers on a first-name basis.” And that connection to the local community started when Clark, a 1973 graduate of West […] [Read More]

In the first installment of our Digital Intelligence series, we talked about the prevalence of mobile devices in the car-shopping process. This time around, we’re going to take a look at other devices consumers are using and how these technologies are intertwined during the research and purchase processes. Citing data from Polk, AutoTrader.com indicated in […] [Read More]

Manheim chief economist Tom Webb cut through technical jargon analysts sometimes use and explained why the fundamentals for October’s wholesale price decline are “shouting.” Webb indicated wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) dropped in October after increasing in each of the previous four months. The development left the Manheim […] [Read More]

Earlier this week, ALG announced an upgraded and re-launched metric for comparing vehicle brand values and determining how they affect residuals. ALG Brand Pricing Score is designed to shed light on brand differences and the elements that impact brand value, be they negative or positive. The mainstream brand with the best Brand Pricing Score on […] [Read More]

<p>To further build and strengthen its leadership team and role in the industry, Manheim and AutoTrader Group announced this week that Andrea Kane has been appointed chief people officer at Manheim and AutoTrader Group.</p> <p>Meanwhile Rock Anderson, Manheim&rsquo;s former chief people officer, has been named regional vice president of the West region.</p> <p>Both appointments became […] [Read More]

Taking note of the Eastern country’s growing used-car market, Kelley Blue Book revealed it will be heading East and launching a new Web-based and mobile product in China. KBB announced a joint venture with marketing company Bitauto Holdings Limited and the China Automobile Dealers Association (CADA).  The new product will operate as a Web-based and […] [Read More]

Days after Manheim’s chief economist Tom Webb reported public dealership groups “are growing through acquisitions,” Lithia Motors announced it has bought another Toyota Scion Store. Geweke Toyota Scion in Lodi, Calif., is now part of Lithia’s dealership group, and the store will be named Lodi Toyota Scion. The company said it will add $40 million […] [Read More]

Online salvage vehicle auction company Copart broadened its presence in Canada this week by acquiring a privately held operation. Augmenting its two sites apiece in Alberta and Ontario, Copart acquired Berpa Auto Auction, which is located in Montreal, Quebec. “This is an important acquisition for Copart,” chief executive officer Jayson Adair said. “It provides us […] [Read More]

FORT WORTH, Texas — General Motors Financial is continuing to generate more subprime paper for its parent automaker, keeping the domestic OEM above the industry average during the third quarter. President and chief executive officer Dan Berce indicated the industry average for new-vehicle subprime financing stood at 6.1 percent in Q3, and General Motors exceeded […] [Read More]