Arriving just a few days after new research showed the volume of consumers living paycheck to paycheck, the Capital One Insights Center released new research timed to the two-year anniversary of the COVID-19 pandemic that shows the gap between lower and higher earners continues to widen against new affordability pressures. As part of the Capital […] [Read More]

Manheim announced Monday that it is launching mobile imaging capabilities powered by Fyusion — a company in the computer vision and vehicle imaging solutions space that parent company Cox Automotive acquired in early 2021 — at all of its auction locations. The company has also installed an AI-driven fixed imaging gantry at its Manheim Minneapolis auction. […] [Read More]

Cox Automotive made two major executive moves on Friday, naming a new president for the Retail Solutions group as well as a chief strategy officer for the company. The new Retail Solutions group president is Lori Wittman, who has been senior vice president of dealer software solutions the past six years. And the new CSO […] [Read More]

AutoNation named two new chief operating officers on Thursday: one for its used-car standalone store, auto auction and collision center businesses; and another for its franchise business. COO and president Jim Bender was set to leave the company Friday, as previously announced. Appointed as COO of the non-franchised business is Dave Koehler, currently the Eastern […] [Read More]

For this episode of the Auto Remarketing Podcast, Dealertrack Dealer Services vice president Kait Gavin is here to refute any notion that vehicle titling is anything but mundane or tedious. Gavin also mentioned the electronic titling progress Dealertrack has made in places such as California to expedite this crucial process for dealerships and finance companies. […] [Read More]

Alpha Warranty Services, a leading provider of vehicle service contract products to independent dealers, announced a strategic partnership on Thursday with Polly, which was previously known as DealerPolicy. Through this partnership highlighted in a news release, Polly’s cost-saving personal insurance platform will help Alpha Warranty to provide a digital insurance shopping tool to its automotive […] [Read More]

It’s been an exciting week for ComplyNet, a provider of end-to-end compliance and risk mitigation solutions. Along with releasing the fruit of a relationship with 700 Credit, ComplyNet also named a new chief executive officer, choosing Jeff McCurry for the position. Formerly of Solera, where he served as general manager of iDMS and vice president […] [Read More]

We begin this dealer group M&A roundup in the Southwest, where Phoenix-based Earnhardt Auto Centers has sold two Las Vegas stores — Earnhardt Buick GMC and Earnhardt Mazda — to Jerry Seiner Dealerships, a group based in Utah. This was announced Thursday by Kerrigan Advisors, which represented the Earnhardt group in the transaction. “The sale […] [Read More]

Michael Rawluk, who is president of Canadian operations and a director at AutoCanada, is leaving the retailer for personal reasons, the company said Wednesday. In a news release on the company’s quarterly results, AutoCanada executive chairman Paul Antony thanked Rawluk for his service and said an announcement regarding a new hire is expected in the […] [Read More]

Edmunds shared data on Thursday that highlights just how much equity the 4 million consumers who began a vehicle lease in 2019 might now possess. Perhaps more than $7,000 to $10,000 in some instances. [Read More]