Safe-Guard Products’ Canadian operations has a new managing director. Quebec’s Michel Archambault is appointed to the position, bringing over 20 years of experience, nine of which were most recently spent in the auto-finance sector. Safe-Guard, which provides branded protection products for the automotive, RV, powersports and marine industries, says the hire of a local executive […] [Read More]

The results of Sheehy Auto Stores’ 2023 fundraising campaign are in — and they are heartening. The dealer group, which operates 28 dealerships in Virginia, Maryland and Washington D.C., announced its annual “Sheehy Has Heart” campaign raised $341,476 for the American Heart Association to promote heart-healthy living. Sheehy has raised more than $2.6 million since […] [Read More]

Much of ACV Auctions’ third quarter 2023 earnings call on Nov. 6 focused on supply of new and used inventory in the market, with CEO George Chamoun saying, “we have in our planning that the market returns by 2026.” “Normal” and “normalize” were frequently used words during the earnings call, and Chamoun made that 2026 market return comment during the Q&A portion of the earnings call in response to a question on when ACV believes the industry will “normalize.” Chamoun answered with ... [Read More]

Note: After a tumultuous two years, the National Independent Automobile Dealers Association has emerged in 2023 with new leadership and a new outlook. In this three-part series, Auto Remarketing examines the state of NIADA now, the events that led to the transition and what’s ahead in the future. The question was an obvious one. In the Expo Hall of the National Independent Automobile Dealers Association Convention in June, just two days after he had begun his term, Gordon Tormohlen was asked about his first priority as NIADA’s 74th president. “There’s a plan in place,” he replied, “and the first thing is to ... [Read More]

Well, it’s that time of year again. Don’t blink. In this business, it’s sometimes easy to forget everything we should be thankful for and much easier to think of everything that bothers us. Now, it’s time to catch your breath and look at what the automotive industry is truly all about. The hardest thing to […] [Read More]

For dealers looking to save resources on inventory procurement, the latest wholesale price readings from Black Book and Cox Automotive are providing details that might create quite a thankful mood as we approach Thanksgiving. Black Book reported wholesale values decreased 1.48% last week, while Cox Automotive indicated wholesale used-vehicle prices (on a mix-, mileage-, and […] [Read More]

In our industry, we encounter situations like repos and collections calls that can bring us more heartburn than a turkey dinner. With Thanksgiving just around the corner, we thought it would be good to approach this week’s topic with reflection and gratitude. As we gather to give thanks for our blessings and lessons learned, we […] [Read More]

Northwood University, a national leader in auto industry education, is launching a new Master of Science in Organizational Leadership program tailored for automotive professionals. Lisa Fairbairn, dean of the university’s DeVos Graduate School, said the school “has a long history of providing customized corporate and industry master’s programs in the automotive sector, and we are […] [Read More]

This week, PassTime announced the launch of Encore 4, the newest version of the asset tracking solutions provider’s Encore platform. Now on its fourth generation, PassTime said Encore 4 marks one of the most substantial updates to the platform since it was originally launched in 2019. The company said through a news release that Encore […] [Read More]

For the first time in the history of Used Car Week, the workshops and panel discussions focused on repossessions were some of the highest-attended portions of the entire event, which unfolded earlier this month. In some instances, demand for repo insight created spillover scenes in Scottsdale, Ariz. Further data and observations shared by Cox Automotive […] [Read More]