Perhaps it’s the lower price point, more vehicle options available, increased consumer comfort level or some combination of factors. But while still just a sliver of the overall used-car market, sales of pre-owned electric vehicles are making marked improvements for dealers and other retailers. There were an estimated 41,341 electric vehicles sold in the retail used-car market in the second quarter, according to a late-June presentation from Cox Automotive. While flat from the first quarter and representing just a 0.9% share of total used-car sales, the Q2 used EV sales tally was ... [Read More]

On Friday, Dealer eProcess appointed a new vice president of growth strategy with a seasoned professional who has made a significant impact at companies like Roadster, CDK Global and Edmunds. Taking on the position for the provider automotive websites and innovative marketing solutions is Tracy Fry. The company said Fry will play a pivotal role […] [Read More]

Next up on our series of Auto Remarketing Podcast episodes from the Canada’s Used Car Week podcast stage in June is a conversation with Frank Zombo of Auto Hauler Exchange, a startup in the vehicle transport space. The US-based company, which launched more than a year ago, has built a marketplace that uses technology to […] [Read More]

Dealers Auto Auction Group has named David Diedrich its chief client officer, the company announced. Diedrich was promoted from vice president of national sales and operations. He joined DAAG in 2020 as director of national sales before being elevated to the VP position. The company said he has been an integral part of its growth […] [Read More]

Gordon Tormohlen of Tormohlen’s Good People Automotive in Freeport, Ill., was elected as the 74th president of the National Independent Automobile Dealers Association during the recent NIADA Convention and Expo at the Wynn Las Vegas. Tormohlen was elected unanimously, along with a slate of nominees for the remaining positions on the board of directors, at […] [Read More]

Wolters Kluwer Compliance Solutions, a provider of risk management and regulatory compliance solutions and services to U.S. banks, credit unions, insurers and securities firms, recently named Vikram Savkar as its new executive vice president and general manager. In this role, Savkar will oversee a successful, growing business within Wolters Kluwer. Wolters Kluwer Compliance Solutions has […] [Read More]

Toyota now is up to a dozen states where its branded insurance product is available. On Monday, Toyota Auto Insurance began to make policies available in Colorado, Georgia and Oregon. Now, Toyota Auto Insurance customers in the Centennial State, the Peach State and the Beaver State will be able to receive an immediate upfront discount […] [Read More]

Two industry experts who are passionate about specific parts of auto financing appeared on this episode of the Auto Remarketing Podcast, which originated from the National Independent Automobile Dealers Association’s annual convention in Las Vegas. Tarry Shebesta, founder and CEO of ACS Financial + FinTech, reiterated the value of putting credit first in the application […] [Read More]

June represented the steepest month-over-month drop in wholesale vehicle prices since the early days of the COVID-19 pandemic, according to the Manheim Used Vehicle Value Index report released Monday. Cox Automotive, which publishes the index, said wholesale values last month were down 4.2% from May and fell 10.3% from June 2022, when adjusting for mix, mileage and seasonality. The index came in 215.1 for the month. The last time wholesale prices fell that much ... [Read More]

Rita Case, president and CEO of Rick Case Automotive Group, was among those honored at the 16th annual Women In Distress Starfish Luncheon in Fort Lauderdale, Fla. The event, focused on the power of generational philanthropy and volunteer work in securing a safe future for the community, raised more than $260,000 for victims of domestic […] [Read More]