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]

Cox Automotive and Subaru of America recently highlighted their latest philanthropic efforts that involved a wide range of activities. Cox Automotive is calling its new effort Project Pink, which is an initiative to celebrate diversity among its Fleet Services and Manheim technicians and support breast cancer awareness. Meanwhile with temperatures throughout much of the U.S. […] [Read More]

As president of the National Auto Auction Association, Eric Autenrieth knows that security issues are affecting the auction industry in more ways than just theft of vehicles or catalytic converters. Criminals are tapping into bank accounts. They are stealing usernames and passwords. “You don’t know about it … for 30 days, and by then the […] [Read More]

Federal standards and incentives aimed at preventing climate change and promoting the adoption of electric vehicles are on cruise control, but dealers are seeing their EV sales stall. According to dealers, their trade associations and industry analysts, consumers are put off by the prices of EVs — which are generally steeper than internal combustion engine vehicles. Additionally, vehicle buyers’ concerns about availability of charging stations and how far an EV can go on a single charge are sales barriers too, they agree. The federal push toward EVs is ... [Read More]

Dealership buy-sell advisory firm Haig Partners has named longtime auto industry executive Dave Rowe as its new managing director. The company said Rowe will serve clients nationwide, but will focus primarily on Texas and other states in the Central and Southwest regions. Rowe said in a news release that he has always admired Haig Partners […] [Read More]

We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode features a keynote presentation from Dealer Training Tuesday. Automotive Training Network CEO Mark Gilbert orchestrated a session titled, “How to Manage Different Personalities As You Do Business.” Listen to the episode in […] [Read More]

We continue our series on the Auto Remarketing Podcast highlighting some of the panels and presentations from Used Car Week 2023. This episode features a panel discussion with four experts from Ernst & Young titled, “The AI Revolution: Navigating the Digital Transformation.” The panel included Courtney Dusseau, Katie Johar, Bryan Chance and Branson Smith. Listen […] [Read More]

Ally Financial’s president of dealer financial services will take on additional responsibilities at the beginning of February — at least for the interim. Ally announced on Friday that Doug Timmerman will become the company’s interim CEO on Feb. 1, following the departure of current CEO Jeffrey Brown on Jan. 31. Brown announced in October plans […] [Read More]

In this episode of the Auto Remarketing Podcast, we reconnect with Travis Wools of Protective Asset Protection to recap the company’s latest dealer survey about F&I and more. Wools shared how dealers are approaching traditional F&I activities as well as presenting products when retailing electric vehicles and powersports units. Listen to the episode in the […] [Read More]