This week, CDK Global and the National Association of Minority Automobile Dealers (NAMAD) announced that the seventh annual Fueling Careers scholarship program now is accepting applications. Officials said the scholarship program was established to support ethnic minority high school students of dealership employees who demonstrate financial need in their pursuit of a college education. The […] [Read More]

Another Canadian dealership group has expanded to the U.S. Go Auto, which has nearly 60 dealerships in Canada, has purchased Washington state’s Toyota of Bellingham and Mercedes-Benz of Bellingham, according to a news release from Performance Brokerage Services, which advised on the sale. “I would like to thank Rob Armstrong and the Performance Brokerage Services […] [Read More]

Equifax selected a former Fiserv executive to serve in a critical role for the credit bureau. On Tuesday, Equifax named Todd Horvath as president of U.S. Information Solutions (USIS) in a move that’s effective on March 31. In this role, Equifax said Horvath will drive the business unit’s overarching growth strategy, leveraging the company’s differentiated […] [Read More]

DriveItAway Holdings is continuing to strive toward making electric vehicles available to just about anyone. On Wednesday, the company with unique subscription to purchase technology announced a partnership with the leading workplace perks provider, Next Jump, and its Perks at Work platform. DriveItAway highlighted that Perks at Work helps 70% of the Fortune 1000 companies […] [Read More]

The previously announced merger involving IAA and Ritchie Bros. Auctioneers is going forward. After a special meeting on Tuesday, IAA announced that its stockholders adopted the merger agreement providing for the stock and cash acquisition of the company by Ritchie Bros. A news release indicated Ritchie Bros. shareholders also conducted a separate special meeting on […] [Read More]

Next up on our list of NADA Show 2023 episodes of the Auto Remarketing Podcast, ACV CEO George Chamoun returns to the podcast for a discussion about what’s on the company’s radar for 2023, the diversification of the ACV business model, electric vehicles and much more. The podcast can be found in the window below. […] [Read More]

KAR Global has a clear digital focus. Also, the company has paid down the majority of its debt. “We have meaningfully reduced our cost structure,” said KAR chief executive officer Peter Kelly. Those three items were part of a list of ways that KAR is positioned differently at the beginning of 2023 than it was at the beginning of 2022. It was one of various lists Kelly used to make his points during KAR’s fourth-quarter 2022 earnings call that took place on Feb. 22. Also, on that list of differences from the beginning of 2022 ... [Read More]

Ship.Cars president Eftim Eftimov joins the show from NADA Show 2023, where he talks with Cherokee Media Group’s Joe Overby about the auto transport and logistics space, the role of technology in that segment and much more. The podcast can be found in the window below. Stay tuned for more episodes of the Auto Remarketing […] [Read More]

The last time Black Book saw this large of a jump in wholesale values in a single week, we were gearing up for Used Car Week and Thanksgiving. In 2021. According to Black Book’s newest installment of Market Insights, wholesale values rose 0.44% during the week that closed on Saturday. Analysts said the last time […] [Read More]

This roundup of dealer philanthropy activities involves healthcare in Florida and education in Texas. Beginning in the Sunshine State, leaders from Broward Health and the Broward Health Foundation joined Rita Case on Feb. 15 to celebrate the naming of the Rita & Rick Case Echo Lab at Broward Health Medical Center. The lab features the […] [Read More]