Fuel might be expensive nowadays, but Car IQ is looking to help fleet operators and their drivers pay for gas more easily. The provider of vehicle payment solutions announced on Wednesday that Sunoco, one of the largest fuel distribution companies in the U.S., will accept the company’s payment solution that will allow its fleet customers […] [Read More]

How a piece of technology goes from an initial idea, through development to a product launch can be a winding path. John Nethery and Oscar Nunez shared their personal experiences on those past and present journeys for this episode of the Auto Remarketing Podcast. The two executives from insightLPR, a technology company providing proprietary license […] [Read More]

CDK Global’s former top executive is back as acting president and chief executive officer, replacing the leader who replaced him. Brian MacDonald, who was the president and CEO of CDK Global from January 2016 to November 2018, takes over for Brian Krzanich, who the company announced is stepping down. Back in November 2018, it was […] [Read More]

Group 1 Automotive said Monday it has purchased three dealerships and a collision center in Shreveport, La., from Holmes European Motors. The stores include Mercedes-Benz, Sprinter, Land Rover, Jaguar and Volvo franchises, adding to Group 1’s existing portfolio in the city, which include Ford and Lincoln franchises. Group 1 expects the dealerships will generate annual […] [Read More]

In this episode of the Auto Remarketing Podcast, EBlock chief executive officer Jason McClenahan returns to the show, this time for an in-person interview at Canada's Used Car Week last month at the Westin Harbour Castle in Toronto. Jason and Cherokee Media Group senior editor Joe Overby talk about EBlock's expansion and much more. To […] [Read More]

Montway Auto Transport reinforced its leadership team on Tuesday with an executive to oversee the company’s business segment used to serve private individuals. The third-party logistics brokerage announced the hiring of Erin Almand as vice president of moving and relocation. In this role, Montway said Almand’s focus will be to develop long-term relationships with its […] [Read More]

For those who enjoy spring more than summer, the certified pre-owned vehicle market this year is kind of like the weather in the South. It “peaked in April” and just got worse from there, according to a report Tuesday from Cox Automotive. There were 205,924 CPO sales in June, compared to … [Read More]

Black Book acknowledged, “last week kicked off the Fourth of July holiday, bringing us into Q3, and the lanes were a lot slower than normal.” Furthermore, analysts said rate of depreciation accelerated with wholesale values registering the largest single week decline since … [Read More]

On Tuesday, Work Truck Solutions released its second quarter ComTrend Analysis of new and used commercial vehicles. Although there are still many supply chain challenges in the industry, Work Truck Solutions noted certain positives for operators who need these workhorses. Looking at the used market, Work Truck Solutions reported the median mileage for used vehicles […] [Read More]

The newest data and analysis from Kroll Bond Rating Agency (KBRA) might be reinforcing the observations and comments made by finance company executives and repossession agents during the North American Repossessors Summit a little less than a month ago. KBRA reported that June remittance reports showed softening credit performance across securitized prime and non-prime auto […] [Read More]