Copart has added three new members to its senior executive leadership team. The provider of online vehicle auction and remarketing services has brought in David Kang as chief marketing officer, Neel Madhvani as chief product officer and Hessel Verhage as chief operating officer. Stephen Powers, who has served as COO since October 2020, will assume […] [Read More]

While it might be frigid with snow on the ground in much of the U.S., Black Book analysts are already discussing springtime because of auction activity they spotted last week. That activity pushed the estimated average weekly sales rate up to 55%, as Black Book reported wholesale prices softened by just 0.63%, which was in […] [Read More]

FordDirect, a joint venture between Ford dealers, Lincoln retailers and Ford Motor Company, has launched a new e-commerce platform for dealer solutions. The Shop, powered by FordDirect, is a “curated online shopping experience” designed for dealers to “meet the challenges of operating in the evolving retail automotive business landscape” with products and services in addition […] [Read More]

Logistics technology provider Autosled has promoted business development manager Jim Reilly to the newly created role of director of field sales. The company said Reilly will manage and develop its regional field sales team throughout Georgia, North Carolina, South Carolina, Tennessee and Florida. “It is our pleasure to promote Jim into this newly created dynamic […] [Read More]

Carvana is headed for the Daytona 500 after announcing a continuation of its partnership with Hall of Fame driver Jimmie Johnson and his Legacy Motor Club for 2024. Johnson, a seven-time NASCAR Cup Series champion and 2024 inductee into the NASCAR Hall of Fame, has partnered with Carvana since 2021, when he competed in the […] [Read More]

It’s a challenging time to be in the car market. A host of colliding economic factors have reduced new car production, limited dealer inventory and driven the cost of new and used vehicles to record highs. At the same time, buyers are being burned by inflationary pressures as rising interest rates have increased borrowing costs. […] [Read More]

TD Bank Group, which includes TD Auto Finance, is the recipient of two innovation awards for the third year in a row. The bank group has been recognized by the Business Intelligence Group (BIG) through the 2024 BIG Innovation Awards. TD received the awards “for providing accessible digital experiences and driving forward-focused enterprise innovation. The […] [Read More]

GM Canada has a new leader with the appointment of Kristian Aquilina as its new president and managing director. Aquilina was promoted from his previous role as vice president of vehicle sales, service and marketing at GM Canada. Aquilina reports to Marissa West, who was named senior vice president and president of GM North America […] [Read More]

For the second time in a little more than a month, Cox Automotive is liquidating an asset. On Tuesday, F&I Sentinel announced it has reached a definitive agreement to acquire Express Recoveries from Cox Automotive. As part of the transaction, Cox Automotive’s Express Recoveries team that currently supports the business will transition to the F&I […] [Read More]

Two of America’s largest dealership groups have been selected among the nation’s 100 best large companies to work for. Zeigler Auto Group, which operates 41 dealerships in the Midwest among other businesses, and Penske Automotive Group, owner of some 500 dealerships worldwide, were both among the 100 companies with at least 1,000 employees chosen for […] [Read More]