Dealers Auto Auction Group has a new chief operating officer. Named to the position was Jim McAnally, who was promoted to the position on May 1. As COO, McAnally will continue reporting to DAAG chairman and CEO David Andrews. “This promotion reflects Jim’s strong leadership and knowledge throughout our industry, along with his absolute commitment […] [Read More]

DriveItAway Holdings continues to forge partnerships outside of the automotive industry to build its network leveraging its subscription-to-purchase technology. DriveItAway recently announced a relationship with Partners Personnel, an industrial staffing company in the United States and an SIA Best Staffing Firm To Work For. According to a news release, this collaboration aims to provide stability […] [Read More]

Average wholesale vehicle prices fell nearly 10% year-over-year last month and remain on the downward slope for June, according to the latest Kontos Kommentary analysis from ADESA chief economist Tom Kontos. Specifically, average wholesale prices were at $16,116 in May, which was down 2.2% from April and 9.7% softer than May 2022, Kontos’ report said. […] [Read More]

Highlighting what he called a “remarkable milestone,” DRN and MVTRAC president Jeremiah Wheeler posted a letter on the company blog announcing the appointment of Cortney Osborne as the new COO of MVTRAC. Wheeler wrote “this transition marks an exciting chapter filled with unparalleled opportunities for our clients and industry partners.” Osborne takes on her new […] [Read More]

With the Fourth of July straight ahead, consumers likely will be using their “toys” designed for fun. To help ensure those times are enjoyable, Protective Asset Protection recently launched its new specialty tire and wheel coverage products for RV, marine and powersports units. The provider of F&I programs and services said product coverage is for […] [Read More]

Car IQ finalized its third relationship in the past year aimed at helping fleets leverage mobile payment technology. On Monday, the provider of vehicle payment solutions announced an agreement with PDI Technologies to utilize its mobile payment technology to process cardless payments via the mPAY application. The companies said through a news release that fleets […] [Read More]

Dealer trainer Alan Dickie joined the Auto Remarketing Podcast from the Canada’s Used Car Week podcast stage earlier this month in Toronto. In a one-on-one interview with Cherokee Media Group senior editor Joe Overby, Dickie discusses his role in the car business, his presentation on “The Laws of Leadership: Allowing Purpose to Provide Discipline” at […] [Read More]

Sonic Automotive said Thursday it has indefinitely suspended operations at eight of its EchoPark used-car stores and additional related delivery/buy centers. The move is being made in response to market conditions that have led to lower used-car supply availability and steeper wholesale vehicle prices “with unpredictable volatility.” The retailer said in a release that the […] [Read More]

OPENLANE announced Tuesday that its ADESA Canada and TradeRev platforms have been integrated into one consolidated OPENLANE Canada marketplace. Mark Endras, who is SVP of product at OPENLANE, discussed this integration and more from the Canada’s Used Car Week podcast stage earlier this month in Toronto. Listen to the conversation below and stay tuned for […] [Read More]

Customer satisfaction with the vehicle purchase process rose to a record high in May even as rising interest rates loomed as a potential problem, according to research by CDK Global. CDK’s Ease of Purchase Scorecard for May showed consumer satisfaction hit 84%, matching the highest percentage recorded for the monthly survey of 350 consumers who […] [Read More]