KAR Global said Monday it has named a new executive vice president and chief financial officer. Hired for the role is Brad Lakhia, who was most recently vice president of finance for the Americas at The Goodyear Tire and Rubber Company. Lakhia joins KAR’s executive committee and reports to CEO Peter Kelly. Former CFO Eric […] [Read More]

Auto Remarketing is recognizing the 2023 Women in Remarketing honorees in the April edition of the magazine and will be posting Q&As with each of these outstanding leaders on the website. Next up is Ashley Lozada, business analyst at Repairify. What is the top trend you’re watching in remarketing/wholesale automotive this year? One of the top trends within […] [Read More]

Just ahead of its public recognition at this week’s Auto Intel Summit, STELLA Automotive AI made a move with another technology service provider to help dealerships. The provider of high-end conversational technology powered by artificial intelligence announced an adapter integration with Orbee, a leading provider of customer experience middleware for dealerships. Together, STELLA and Orbee […] [Read More]

After conducting a survey looking at the disparity between dealership and consumer photo merchandising importance, Dealer Image Pro announced findings from another survey on Monday. The second survey was done to gain additional insights into the perceptions of dealership staff regarding the crucial role of online videos in today’s consumer research and shopping process. While […] [Read More]

John Foley is president of Richmond, Va.-based Recharged, which describes itself as the first end-to-end ecommerce marketplace designed specifically for used electric vehicle buyers and sellers. Foley joins the Auto Remarketing Podcast to discuss the genesis of the company, how the business model works, potential B2B applications as well as Recharged’s first delivery center and […] [Read More]

The fourth-largest auction group in the country has added the Midwest to its footprint. Dealers Auto Auction Group has expanded into Ohio with the purchase of OKI Cincinnati Auto Auction last week, the group announced. With the acquisition, DAAG now has 11 auctions, 10 of which are in the Southeast. OKI will be renamed DAA […] [Read More]

A member of the Federal Reserve Board of Governors took a cautious approach on two fronts during a public appearance last week. Michelle Bowman was guarded about the possibility of few banks in the marketplace. Bowman also was apprehensive about the growing number of what she called “shadow banks” operate with capabilities driven by fintechs. […] [Read More]

Perhaps in part because of concerns raised by the National Independent Automobile Dealers Association, U.S. Chamber of Commerce and dozens of other associations, the Federal Trade Commission is allowing for more time to receive information regarding its proposed rule to impose a nationwide ban on almost all noncompete clauses. Last week, the FTC extended the […] [Read More]

Auto Remarketing is recognizing the 2023 Women in Remarketing honorees in the April edition of the magazine and will be posting Q&As with each of these outstanding leaders on the website. Next up is Jenai Bass of Capital One. What is the top trend you’re watching in remarketing/wholesale automotive this year? Now more than ever, I see a […] [Read More]

Auto Remarketing is recognizing the 2023 Women in Remarketing honorees in the April edition of the magazine and will be posting Q&As with each of these outstanding leaders on the website. Next up is Cara Gray, marketing director of ADESA. What is the top trend you’re watching in remarketing/wholesale automotive this year? I’m highly interested to discover if […] [Read More]