Vroom Inc. is realigning its business model to prioritize profitability over growth, reduce operational expenses and maximize liquidity, the company’s new chief executive Tom Shortt said during its first quarter conference call on Tuesday. The realignment also calls for company to reduce its employee head count by 270 or approximately 14%, said Bob Krakowiak, Vroom’s chief financial […] [Read More]

As part of celebrating 100 years of serving military families, USAA is working in partnership of the National Auto Body Council (NABC) to give 100 vehicles across the country to military families in need. According to a news release distributed on Thursday by USAA, recipients have been nominated by nonprofit organizations to receive what’s being […] [Read More]

This dealer group roundup includes activities involving a franchised group and an independent group, both located in the Northeast. The McGovern Auto Group, which operates more than 19 dealerships across Massachusetts, New Hampshire and New York, announced the opening of McGovern Route 93 Hyundai. The new dealership, which replaces Bill Dube Hyundai, has 25 staff members […] [Read More]

Auto Remarketing is recognizing the 2022 Women in Remarketing honorees in the May issue of the magazine, and will be posting Q&As with each of these outstanding leaders on the website. Next up is Fatima Ali, who is director of marketing and communications at Copart Auto Remarketing: What is the top trend you’re watching in remarketing/wholesale automotive this year? […] [Read More]

Auto Remarketing is recognizing the 2022 Women in Remarketing honorees in the May issue of the magazine, and will be posting Q&As with each of these outstanding leaders on the website. Next up is Alden Ireland, who is general sales manager of America’s Auto Auction Dallas. Auto Remarketing: What is the top trend you’re watching in remarketing/ wholesale automotive […] [Read More]

Auto Remarketing is recognizing the 2022 Women in Remarketing honorees in the May issue of the magazine, and will be posting Q&As with each of these outstanding leaders on the website. Next up is Lindsey Creech, who is the senior vice president of marketing and communications at ACERTUS. Auto Remarketing: What is the top trend you’re watching in remarketing/ wholesale automotive […] [Read More]

Auto Remarketing is recognizing the 2022 Women in Remarketing honorees in the May issue of the magazine, and will be posting Q&As with each of these outstanding leaders on the website. Next up is Angie Provo, who is senior director of operational excellence at NextGear Capital/Cox Automotive. Auto Remarketing: What is the top trend you’re watching in remarketing/wholesale automotive […] [Read More]

Auto Remarketing is recognizing the 2022 Women in Remarketing honorees in the May issue of the magazine, and will be posting Q&As with each of these outstanding leaders on the website. Next up is Lisa Frank, owner and vice president of Kars-R-Us. Auto Remarketing: What is the top trend you’re watching in remarketing/wholesale automotive this year? Lisa Frank: […] [Read More]

Shift Technologies has closed its purchase of Fair’s dealer listing marketplace technology, the company said Thursday afternoon. As part of the deal first announced in March, Shift acquires certain assets of Fair Financial Corp. and certain subsidies, and acquires equity interests of a Fair subsidiary. And as part of the closing, Shift has also closed its […] [Read More]

Auto Remarketing is recognizing the 2022 Women in Remarketing honorees in the May issue of the magazine, and will be posting Q&As with each of these outstanding leaders on the website. Next up is Roxanna Elliott, who is senior office & administration manager at MAG Auctions/DAA Seattle. Auto Remarketing: What is the top trend you’re watching in remarketing/wholesale automotive this […] [Read More]