Paul McCarthy returned for another episode of the Auto Remarketing Podcast, this time as vice president of sales, key accounts, at Protective Asset Protection. McCarthy took time during NADA Show 2023 in Dallas to share his perspectives on the current F&I landscape and why it’s important for dealers to present products before vehicle buyers are […] [Read More]

One of the main sponsors of the upcoming Auto Intel Summit and NRC Spring Summit now has new ownership. Late on Thursday, S&P Global Mobility announced the acquisition of Market Scan Information Systems, a leading provider of automotive pricing and incentive intelligence and one of the sponsors of those events set to be orchestrated by […] [Read More]

E Automotive Inc. has promoted executive Lisa Scott to serve as president of its EBlock business unit, the company said late Thursday afternoon. Scott was previously EBlock’s chief revenue officer. Her prior roles include serving as president of PAR North America and chief client officer at ADESA Canada. The promotion is part of the company’s […] [Read More]

The vehicle transport and logistics space continues to grow. Late last month, a new online portal for vehicle logistics launched: Auto Hauler Exchange, a platform the company says, “streamlines the shipping process, cuts shipping delays, and reduces empty space on carriers and unnecessary miles while increasing revenue.” Auto Hauler Exchange, also called AHX, aims to […] [Read More]

Roger Penske shared some good news about Penske Automotive Group’s used-only chain, CarShop, during the company’s fourth quarter and full-year 2022 earnings call last week. He noted that CarShop unit sales increased 12% to 71,242 units during 2022 and that revenue increased 16% to $1.7 billion. He also shared some CarShop news that was not […] [Read More]

Five industry organizations — including the National Independent Automobile Dealers Association — welcomed the recent reintroduction of the Right to Equitable and Professional Auto Industry Repair (REPAIR) Act in the U.S. House. According to NIADA, the REPAIR Act (H.R. 906) would ensure consumers have access to data relating to their vehicles, critical repair information, tools […] [Read More]

Focused on what auto finance underwriters might see daily, the Consumer Financial Protection Bureau (CFPB) released a report this week examining trends in credit reporting of debt in collections from 2018 to 2022. While focused on other parts of the credit market, the report showed the total number of collections tradelines on credit reports declined […] [Read More]

RunBuggy, a technology platform connecting car shippers and transporters, said Wednesday it has teamed up with Dealer.com. Under this partnership, RunBuggy’s vehicle transportation management technology will be integrated into the websites of Dealer.com’s franchised dealership customers. This will allow those dealers to provide an easy for consumers to generate a quote and arrange transportation of […] [Read More]

A pair of developments from the fleet world arrived on Wednesday. First, Holman announced the acquisition of Park Wood Managers, a leading underwriter and insurance provider for commercial trucking fleets. Then, the NAFA Fleet Management Association (NAFA) recognized the 2022 graduates of its Certified Automotive Fleet Manager (CAFM) program. Executives highlighted the addition of Park […] [Read More]

Performance Brokerage Services helped to facilitate more dealerships change ownership, with the latest developments coming to light on Wednesday involving two Ford stores in Pennsylvania. The dealership brokerage firm announced the sale of Barber Auto Group’s two dealerships — Barber Ford of Exeter and Barber Ford of Hazleton — from Matt DePrimo to Key Auto Group. […] [Read More]