This week, National Auto Care (NAC) senior vice president of mergers and acquisitions Courtney Hoffman announced the company’s 10th acquisition in the past 18 months. Now part of the company’s F&I agency portfolio is a firm positioned to help NAC gain more market share not only with auto dealers but RV and powersports retailers, too, […] [Read More]

In another big move by the rental car giant this month, Hertz named a chief information officer on Thursday. Hired as executive vice president and CIO is Tim Langley-Hawthorne, whose most recent post was as CIO of Hitachi Vantara, a subsidiary of Hitachi Ltd. Langley-Hawthorne was with Western Union prior to Hitachi, serving in several […] [Read More]

If the auto default rate ticks up only at the pace analysts have seen during the past couple of months, it could take a year — maybe longer — for the metric to return to what it was at the end of 2019. [Read More]

Beekman Group, a private equity firm based in New York focused on building companies in the healthcare, consumer and the business services sectors, now has a presence in the buy-here, pay-here industry. This week, Beekman announced that the firm has completed an investment in AutoManager to support growth and a recapitalization of the company. California-based […] [Read More]

Today, the typical vehicle buying process means that customers may spend hours building a relationship with a salesperson, only to be handed over to a business manager once they’ve finally worked out a deal. Plus, we know the wait time to get in front of a business manager can tank your customer’s experience. CARFAX Canada […] [Read More]

Vroom launched a new television commercial on Tuesday that features New York Knicks All-Star Julius Randle, but the online auto retailer also made a move this week that may be of interest to fans of the Houston Rockets, as well. First the new ad. The spot featuring Randle began airing Tuesday during local NBA games, […] [Read More]

Joyride Autos, which is online auction platform that provides a marketplace for “undervalued” cars, has brought on a former IAA executive as its first-ever chief product and technology officer. Hired for that role is John Krupnik, who was chief information officer at IAA for 14 years. “We’re the first mover in a market that historically has […] [Read More]

Yates Buick GMC, a family owned dealership near Phoenix with its roots in the used-vehicle industry, was impacted in the most significant way possible because of COVID-19. However, the Yates family is preserving to keep its franchised dealership successful. According to a news release, Whitney Yates-Woods recently became the dealer principal at Yates Buick GMC, […] [Read More]

For this episode of the Auto Remarketing Podcast, Cherokee Media Group president Bill Zadeits and senior editors Joe Overby and Nick Zulovich share a conversation. Not only did the trio give a glimpse of the engaging conversations on deck for Used Car Week that begins on Nov. 15 in Las Vegas, but Bill, Joe and […] [Read More]

The series of Auto Remarketing Podcasts featuring Dasceq founder and chief executive officer Abhishek Goel continues with a focus on how artificial intelligence (AI) can be the key ingredient in digital collections. Goel defines what AI is in connection with collections and the importance of training and support to use it properly. To listen to […] [Read More]