Cox Automotive Mobility is going worldwide. Cox has launched a new global mobility division that will include operations in the U.S., UK, Continental Europe, Canada and Mexico, the company said Monday. Additional global markets will be added in the future, it said. The global Cox Automotive Mobility structure will focus on four key business solution areas: […] [Read More]

CarLotz said Friday it has partnered with Privacy4Cars to add another layer of data-privacy protection for consumers consigning or selling their vehicles through the consignment-to-retail used-car marketplace. CarLotz has used Privacy4Cars technology to process all vehicles at its locations, scrubbing personal information captured by the vehicle. Privacy4Cars builds privacy and compliance solutions for clients to […] [Read More]

More buy-sell moves as well as fundraising activities involving dealerships surfaced on Friday. Beginning first with more actions connected to mergers and acquisitions, Haig Partners was the exclusive sell-side advisor to the McDermott Auto Group on the sale of David McDermott Lexus and Dave McDermott Chevrolet located outside New Haven, Conn. According to a news […] [Read More]

A Florida-based group that owns and operates five franchised stores in the Sunshine State as well as Georgia and South Carolina is the first dealer group in the U.S. to work with Grow Credit, which is a financial inclusion platform committed to building credit and improving credit scores. Murphy Auto Group is leveraging Grow Credit’s […] [Read More]

Extending a string of executive modifications, Dent Wizard International recently promoted Cory Lyda to vice president of operations through a move the company said was effective Jan. 1. In his new role, Dent Wizard highlighted Lyda will serve primarily as the field liaison for the corporation and oversee product-related initiatives. The company added that Lyda […] [Read More]

Buckeye Dealership Consulting recently reorganized its operation in an effort to serve its clients better. The provider of reinsurance, F&I, warranty and service contract products, dealer education, consulting, and performance groups for independent dealers created new divisions for automotive services, commercial truck, and contract administration as continued growth requires additional “direction and oversight.” Buckeye’s automotive […] [Read More]

The Consumer Financial Protection Bureau (CFPB) launched an initiative on Wednesday in connection with what the federal regulator called “exploitative junk fees” charged by banks and financial companies. The CFPB said through a news release that it’s making this request so the public can share input that will help shape the agency’s rulemaking and guidance […] [Read More]

Top leadership changes at Reynolds and Reynolds continued on Thursday with the company finalizing its revamped executive team. The provider of dealership forms and software announced that Chris Walsh, formerly the executive vice president of sales and marketing, has been named president of Reynolds and Reynolds, and that Willie Daughters, the executive vice president of […] [Read More]

The Canadian wholesale vehicle market closed 2021 with 21 consecutive week-over-week increases. And then, 2022 started with two straight declines, according to Canadian Black Book, which said overall market prices fell 0.10% the week ending Jan. 7 and 0.05% the week ending Jan. 14. The third week of the month (ending Jan. 21) wholesale prices were […] [Read More]

Ford is giving its online used-vehicle marketplace an upgrade, adding a 14-day/1,000-mile money-back guarantee to the Ford Blue Advantage platform. In a news release Thursday, Ford called the new guarantee the “best offered from full-line automakers and its dealers” with an aim to provide a better experience for the customer and stand out in a […] [Read More]