Acquisitions aren’t just happening among dealerships. Auctions and other automotive service providers are in the mix, too, with the latest move involving the rarest of vehicles. On Thursday, Barrett-Jackson Holdings, the parent company of Barrett-Jackson Auction Co., announced the acquisition of the Phoenix-based Collector Car Network, including ClassicCars.com, AutoHunter, The ClassicCars.com Journal and the Future […] [Read More]

Enterprise Holdings is making quite a financial commitment to addressing social and racial equity gaps facing youth and families in communities across the globe. Through the Enterprise Holdings Foundation, the company that operates the Enterprise, National and Alamo rental car brands is awarding its inaugural local Enterprise Holdings ROAD Forward grants to nearly 700 nonprofit […] [Read More]

Since the early stages of my career, I have strongly disliked being called or thought of as a “female leader.” Those two words used together reminded me that the word “leader” was still thought of as implicitly male. Instead, I prefer to be thought of as a “great leader,” or just a “leader.” As a […] [Read More]

Like its fellow publicly traded contemporaries, the used-vehicle department at Group 1 Automotive posted superb performance metrics during the second quarter. When looking at just its U.S. data on a year-over-year comparison, Group 1 reported a whopping 63.2% jump in used-vehicle retail sales revenue and a 113.2% spike in used-vehicle retail gross profit in Q2. […] [Read More]

This week, Hudson Cook reinforced its stable of legal experts with the hiring of new partner Megan Nicholls along with new associates Laura Bacon and Robert Tilley. “We are thrilled to welcome Meg, Laura and Rob to the Hudson Cook team, supplementing our core consumer financial services compliance, privacy and litigation practice areas,” Hudson Cook […] [Read More]

Earlier this year, compliance expert Randy Henrick dissected the complex new law in Illinois that’s creating challenges for dealerships, finance companies and service providers. Now some members of the U.S. Senate want to use a similar path to create nationwide policy with lawmakers examining the issue during a hearing on Thursday. American Financial Services Association […] [Read More]

When CarGurus purchased a majority stake in CarOffer this winter, one of the benefits to the deal was that it could give CarGurus dealer partners another digital avenue to source used inventory. That capability came to fruition Friday with the launch of CarGurus Instant Max Cash Offer, a CarOffer-powered platform that allows dealers to acquire […] [Read More]

In a message to its members Thursday, the National Auto Auction Association said that Auto Auction of New England co-owner Bill DeLuca, Jr. died Wednesday.  DeLuca founded the Bank of New England and finance company Auto Use. He also owned the Bill DeLuca, Jr. Family of Dealerships.  Funeral arrangements and further information are forthcoming, NAAA’s […] [Read More]

ACV continues to grow beyond its beginnings as a digital dealer-to-dealer wholesale platform. Mike Pokora, who heads up research and development for ACV, joined the Auto Remarketing Podcast to discuss the company's expansion into other areas of tech, how its Audio Motor Profile technology utilizes machine learning, what pieces of the tech puzzle need to be solved […] [Read More]

Sonic Automotive said Thursday its board of directors has begun a review of “potential strategic alternatives” for its EchoPark Automotive standalone used-car store program, given the success in the program’s strategy and “our confidence in our runway for continued expansion.” Sonic’s board is working with Lazard as its financial advisor in this process and Kirkland […] [Read More]