Autosled, an auto digital retail logistics marketplace, has named a chief technology officer. Appointed to the role was Jeremy Wood, who most recently worked through Stratiform Inc. as a fractional CIO/CTO for various startups. He also consulted as an AWS Partner Network member on cloud architecture projects for Seneca Resources and the U.S Air Force. […] [Read More]

It may seem like digitization of wholesale automotive is at peak intensity. But it’s only the beginning, says KAR Global chief executive officer Peter Kelly. And KAR’s agreement to sell its ADESA brick-and-mortar auction business in the U.S. to Carvana makes the company leaner and more financially flexible to capitalize on this increasingly digital environment. […] [Read More]

The Canadian online auto retailer Clutch wants to be able to service 90% of Canadians by the end of next year. It took another step toward that goal Tuesday with its expansion into Newfoundland, where consumers will now be able to buy and sell used cars through the Clutch website. “With Clutch, customers aren’t being […] [Read More]

The Consumer Financial Protection Bureau used strong language in a news release Monday upon issuing a compliance bulletin on vehicle repossessions. The CFPB said it is “moving to thwart illegal repossessions in the heated auto market.” The bureau said it was also prompted to compile the 13-page bulletin because of “conduct observed during CFPB examinations […] [Read More]

It just turned March, but the National Independent Automobile Dealers Association already has June on its mind. Registration is now open for the 2022 NIADA Convention and Expo, which is back in its traditional June dates. And for the first time since 2019, the 76th edition of the convention returns to Las Vegas at the […] [Read More]

General Motors and Ford claimed top honors again as part of the 26th annual Automotive Loyalty Awards orchestrated by IHS Markit. However, for the first time, Honda earned the accolade closely associated with franchised dealerships. IHS Markit recognized GM for its leadership as top manufacturer for automotive loyalty in the U.S. in 2021. This is […] [Read More]

Here’s some good news for BMW dealerships looking for more personnel to man their service bays. Universal Technical Institute (UTI) has launched the first session of its new BMW FastTrack technician training programs at its Orlando, Fla., campus, the second location to begin offering the 12-week advanced training program. A collaboration between the German automaker […] [Read More]

Toyota earned Best Resale Value: Brand honors from Kelley Blue Book for the sixth time in the last nine years, and corporate sibling Lexus won Best Resale Value: Luxury Brand for the third time overall. On Monday, KBB released its 20th annual Best Resale Value Awards, which spotlight the 2022 model-year vehicles expected to retain […] [Read More]

It’s likely been experienced by you first-hand or by one of your dealership colleagues or managers. It’s the test drive that turned wild; almost into something from Hollywood. Well, perhaps now we can have a chuckle about the incident and make a comparison to some of the most famous movie segments that involved vehicles traveling […] [Read More]

Our recaps of merger-and-acquisition activities now are back in the banking sector. On Monday morning, TD Bank Group and First Horizon announced that they have signed a definitive agreement for TD to acquire First Horizon in an all-cash transaction valued at $13.4 billion or $25 for each common share of First Horizon. Through what it […] [Read More]