A week after upgrading its platform, Autosled promoted one of its longtime executives to be director of enterprise sales. The provider of digital technology solutions for vehicle transport logistics announced the promotion of Sam Goldenberg to this new role on Monday. A member of Autosled’s team since the company’s launch, Goldenberg most recently served as […] [Read More]

This dealer news roundup includes developments from both franchised and independent operations with activities happening in the U.S. and Europe. Beginning with Lithia & Driveway, the dealer group announced on Monday that it intends to enter a strategic partnership with Pinewood Technologies and acquire the U.K. motor and fleet management divisions of Pendragon, which the […] [Read More]

Napleton Auto Group ranked as the dealer group most responsive to Internet leads, according to research by Pied Piper. The 2023 Pied Piper PSI Internet Lead Effectiveness Study showed Napleton at the top of the list for the second consecutive year, ahead of Penske Automotive Group and Herb Chambers Auto Group, which tied for second. […] [Read More]

If Kinetic Advantage was writing the traditional “How I spent my summer” back-to-school essay, it might be summed up in one word: Volunteering. Beginning in June, the floorplan provider teamed with five independent auctions across the nation on volunteer projects that gave back to their local communities to help fight hunger, support women in crisis […] [Read More]

As a dealer, stop riding the wave or you will end up beached! Look at today’s used-vehicle retail market from the consumer’s perspective: The news has been telling the public they’ve been paying inflated prices for used cars for the last three years. The latest news? Vehicle values are softening and consumers should see lower […] [Read More]

With the Federal Reserve on deck to announce its next decision involving interest rates on Wednesday, policymakers have softening trends percolating from the auto finance space to consider when deciding if another rate hike is merited to curb inflation. Last week, S&P Global Ratings published the U.S. auto asset-backed securities (ABS) sector’s performance for July. […] [Read More]

Nestled within the core of the vibrant auto remarketing ecosystem, vehicle inspection processes — once held sacred in their traditional form — are now under the lens of technological disruption. The cacophony of the past, filled with the tangible sounds of clipboard ticks and assiduous note-takings, is slowly being replaced by the symphonic hum of […] [Read More]

UAW members started a labor strike early Friday morning at a trio of plants that make vehicles for Ford, General Motors and Stellantis. What’s going to happen to the market, especially for used vehicles? Here are the views from four expert sources. Previously, ADESA chief economist Tom Kontos told Auto Remarketing that should factory workers […] [Read More]

Cox Automotive named a new chief financial officer on Friday. Appointed to the role is Scott LeTourneau, who was most recently senior vice president of corporate development for Cox Enterprises, which is Cox Automotive’s parent company. LeTourneau, who has been with Cox since 2012, will start the new role as executive vice president and CFO […] [Read More]

For dealerships with high-line vehicles and other late-model inventory that have advanced driver-assistance systems (ADAS) features, a survey and report released on Thursday by global consulting firm AlixPartners put specific dollar figures on how much consumers value that equipment. According to the Society of Automotive Engineers (SAE), these features range from Level 1 such as […] [Read More]