Cox Automotive modified its executive structure overseas. Last week, the company announced it has promoted Mike Mosier to managing director of its Manheim businesses in continental Europe. Mosier will report to chief strategy officer (international) Craig Mailey, with Manheim leaders in Germany, Spain and Portugal reporting to this new managing director. Having lived in Germany […] [Read More]

S&P Global recently launched S&P AI Benchmarks by Kensho, which is a benchmarking solution to assess and rank the quantitative reasoning abilities and expertise of large language models (LLMs) across the business and finance industry. The company said results of these assessments will be displayed on a scoreboard to provide a “transparent and comprehensive” view […] [Read More]

Dealerships and finance companies aren’t the only operations leveraging technology nowadays. Two of the largest federal regulators — the Consumer Financial Protection Bureau and the Federal Trade Commission — recently outlined how they’re trying to use technology, too. At the CFPB, director Rohit Chopra and chief technologist Erie Meyer released a statement on enhancing agency […] [Read More]

You can’t win a game in the first quarter, but it never hurts to have a hot start. And that’s exactly what the auto auction market did to begin the year. Wholesale auction sales volume in the first three months of 2024 represents the strongest first quarter in four years, according to AuctionNet data from […] [Read More]

Michigan-based Victory Automotive Group has acquired Metro Toyota in Brook Park, Ohio, from Jerry Schneider, his sons Ken and Dan Schneider, and brothers Barry and Jim Greenfield, according to the Tim Lamb Group, which brokered the deal. The dealership, which will be renamed Victory Toyota of Brook Park, is the 11th Toyota store in Victory’s […] [Read More]

Next up on our series of Auto Remarketing Podcast episodes from NADA Show 2024 is a conversation with Stephen Smith, who is vice president of product & engineering at Cox Automotive. Smith talks with Cherokee Media Group’s Joe Overby about electric vehicle battery health as well as the recon, repair and remarketing of EVs and […] [Read More]

In what we’re proud to call an annual tradition, Cherokee Media Group’s Women in Remarketing program, sponsored by Ally, has evolved into a celebrated franchise of Auto Remarketing and a key pillar of the National Remarketing Conference and Used Car Week. For more than a decade, Women in Remarketing has recognized excellence among the leaders of […] [Read More]

Big Apple authorities determined end-of-lease transactions did not go as designed during a three-year period amid the pandemic. New York attorney general Letitia James last week announced settlements worth more than $1.9 million with five Nissan dealerships in New York City and on Long Island. James said the actions stemmed from overcharging more than thousand […] [Read More]

In an era where economic indicators interlace with consumer behavior to dictate market dynamics, the automotive industry, particularly the used-car segment, finds itself at a crossroads. One of the less discussed, yet increasingly prevalent phenomena within this sector is the rise of underwater trades — situations where the amount owed on a car loan surpasses […] [Read More]

Greenville Auto Auction in Greenville, N.C., has been recognized by United Auto Credit Corporation as its 2023 Auction of the Year. United Auto Credit said the award celebrates the “exceptional performance and unwavering dedication” displayed by the team at Greenville Auto Auction in delivering outstanding service and support to the company. “Greenville Auto Auction consistently […] [Read More]