This week, RouteOne announced two executive promotions; moves that are effective immediately. The company founded nearly two decades ago to improve the F&I process for dealers and their customers said Jeff Belanger now is RouteOne’s chief revenue officer and Amanda George now is RouteOne’s chief product officer. Belanger is one of the company’s longest-tenured employees, […] [Read More]

Right after announcing a decision involving dividends, Penske Automotive Group promoted one of its executives who likely is quite involved with the execution of those funds going to shareholders among many other decisions for the company’s finances. This week, Penske said Michelle (Shelley) Hulgrave, the company’s senior vice president and corporate controller, has been named […] [Read More]

Car Capital continues to make moves to establish itself as an up-and-coming auto-finance technology company that strives to get any deal bought no matter the consumer credit background. After securing two separate rounds of funding, the company announced the appointment of two company advisors this week who have professional backgrounds with companies such as Bank […] [Read More]

It’s been a little over four months since I took on the role of leading Manheim’s vehicle information. And in that time, I’ve been thinking a lot about light. Maybe it’s because we’re finally seeing the light at the end of the tunnel with progress on COVID vaccines. And maybe it’s because it feels like […] [Read More]

Manheim has a long and dedicated track record of making it a priority to try to ensure the safety of its employees, clients and guests, both in the lanes and on the lots.  And yet, the unprecedented events of 2020 — a global pandemic, social and political unrest, devastating wildfires, and a hurricane season for […] [Read More]

Editor's Note: This is a special preview, available only to CMG Premium subscribers, of our special "Top Dealers: Champions in the Community" issue for June. The Jim Ellis Automotive Group, well known in the Atlanta metro area and surrounding Georgia communities, is celebrating 50 years of unique community service efforts and successful dealership business.  The company first […] [Read More]

Editor's Note: This is a special preview, available only to CMG Premium subscribers, of our special "Top Dealers: Champions in the Community" issue for June. Norma Jean Ross was often thinking ahead. Ross assumed leadership of the Bob Ross Auto Group in Centerville, Ohio in 1997 after the death of her husband, Robert P. Ross Sr. […] [Read More]

Though their net losses and losses from operations increased during the first quarter, both Shift and Vroom boosted their respective ecommerce unit sales by percentages that were in or near triple-digits. The online used used-car marketplaces each reported their respective Q1 results Wednesday. Starting with Shift, its quarterly revenue was a record $106.0 million, a […] [Read More]

“It’s a perfect storm of used-vehicle demand meeting a perfect drought of used-vehicle supply.” That was the word from KAR Global chief economist Tom Kontos in his latest update regarding current used-vehicle market conditions. Consumers are now learning what used-vehicle retailers have known for eight months or more. Many new-vehicle models are in short supply […] [Read More]

Cox Automotive reported this week that auto financing availability in April was the most accessible since April 2020, according to the Dealertrack Auto Credit Availability Index. But analysts acknowledged that making year-over-year comparisons is challenging, since they’re versus the outset of the pandemic. The index reading increased 0.4% to 98.4 in April, reflecting that credit […] [Read More]