Cox Automotive chief economist Jonathan Smoke made a pair of noteworthy observations following members of the Federal Open Market Committee (FOMC) deciding unanimously to raise the target range for the federal funds rate by another 75 basis points. “Combined with the increases made in June and July, the Fed has now moved the target rate […] [Read More]

Sutherlin Automotive Group has purchased Earl Duff Subaru in Kingston, Tenn., from Tim Duff, according to a news release from Performance Brokerage Services, which advised on the sale. The store will remain at its current location and is now known as Sutherlin Subaru. In the release, Duff said: “George Chaconas of Performance Brokerage Services reached […] [Read More]

Dealer Image Pro thinks current pre-owned vehicle window stickers and buyer’s guides need refreshing, especially since sometimes they cannot stick to the glass or are illegible. On Wednesday, the service provider launched a window sticker and buyer’s guide generator through its existing Photo Assistant platform to merchandise vehicles better in today’s digital retailing landscape. Via […] [Read More]

Black Book explained that typically it takes six to eight weeks for retail market prices to reflect declines in wholesale pricing. The newest installment of Market Insights showed the automotive world is about at that point. Analysts reported wholesale values fell another … [Read More]

DriveBid, a live vehicle trade-in marketplace set to launch in the coming weeks, has named a national vice president of sales. Hired for the role is former KAR Global/BacklotCars executive Justin Marquardt. He co-founded onMARQ Marketing in 2012, providing consulting on digital marketing and social media strategies, before joining information management and digital services company […] [Read More]

RunBuggy, a tech platform designed to connect car shippers and transporters, has added Automotive Ventures founder and chief executive officer Steve Greenfield to its advisory board. Greenfield will be a strategic advisor on the advisory board for RunBuggy, which launched in 2018 and landed Series A funding in June in a round led by a […] [Read More]

These women flourish in what might be the most challenging segment of auto finance. The inaugural class of Women in Collections and Recoveries honorees is presented by American Recovery Service (ARS). The 13 honorees come from both large, nationwide companies and smaller, family businesses. But all provide crucial services and support to make the entire […] [Read More]

Based on the theme of going back to school, Point Predictive’s Frank McKenna and Justin Davis made their monthly visit for the Auto Remarketing Podcast to discuss developments associated with fraud. McKenna and Davis shared what’s been the most interesting fraud element they’ve each learned so far this year and how it might be applicable […] [Read More]

EFG Companies announced the expansion its C-suite leadership on Tuesday. Coming aboard as chief information officer to reinforce company’s commitment and support of the rapidly evolving consumer protection product industry is Joe Vide. According to a news release, Vide will set the vision for EFG’s technology capabilities to fulfill strategic business objectives, improve efficiency, and […] [Read More]

Electric vehicles remain a small slice of the overall used-car market, but the segment has grown in the past decade, especially in recent years, as additional automakers have entered the market. Specifically, just 0.6% of used-car sales are EVs, according to Autonomy’s debut EV Market Report released Tuesday. And for the largest continent of pre-owned vehicles […] [Read More]