Longtime Cox Automotive executive Janet Barnard is retiring at the end of June, finishing more than three decades with Cox Enterprises, including several years as president of Manheim and leading the Cox Automotive Inventory Solutions group. Currently the executive vice president and chief people officer at Cox Automotive, Barnard moved from the Cox Communications segment […] [Read More]

Purdy Mobility, which operates Texas dealerships and offers mobility services such as subscription-based programs, has teamed with Toyota on the automaker’s first and only vehicle subscription product. The product, called Subscribe + Drive Powered by Toyota, is an app-based service that introduces an option for customers seeking alternatives from owning or leasing a vehicle. The […] [Read More]

Although last month’s sales slowed from a year ago's pace, the certified pre-owned segment remains a bright spot in automotive, says Cox Automotive, which projects CPO will return to 2019 levels this year. In a Data Point report Monday, the company — citing Motor Intelligence — said there were 209,744 certified sales in February. That’s down […] [Read More]

United Road chief operating officer Jason Walker said recipients of the 2020 Haully Carrier of the Year Award help United Road deliver vehicles to customers on time and damage free. That helps them meet their customers’ needs without delay or disruption. A finished vehicle transport logistics provider, United Road on Wednesday announced the recipients of […] [Read More]

Award-winning entrepreneur Stephanie Alsbrooks Hanson, who recently became president of Tricolor Financial, described her journey from forming a startup to departing for the next challenge after building it into a multi-million-dollar organization. On this episode of the Auto Remarketing Podcast, Hanson also described how she tries to encourage other potential female entrepreneurs. To listen to […] [Read More]

Experian senior director of automotive financial solutions Melinda Zabritski returned for another appearance on the Auto Remarketing Podcast to discuss not only the credit bureau’s auto-finance data collected throughout 2020, but also how she and her team are navigating through the uniqueness of compiling data during a pandemic. To listen to this episode, click on the […] [Read More]

A trio of dealerships changed hands this week with transactions involving Group 1 Automotive, Qvale Auto Group and US Auto Trust. According to a news release from Group 1, the publicly traded company expanded its retail business presence in Massachusetts with the acquisition of two Toyota dealerships.  The dealerships are located in Hyannis and Orleans […] [Read More]

Many consumers already have seen a financial boost arrive in their bank accounts courtesy of the Economic Impact Payment (EIP) funds distributed through the American Rescue Plan signed by President Biden last week. Meanwhile, the Consumer Financial Protection Bureau (CFPB) is looking for the latest round of federal stimulus payments to make it to consumers […] [Read More]

Five critical performance metrics Axis Auto Finance recorded during the second quarter of its 2021 fiscal year moved in positive directions. The finance company that specializes in the subprime space announced record results for the quarter that ended on Dec. 31. Leading the way, Axis reported that its Q2 adjusted earnings came in at $1.5 […] [Read More]

Women’s History Month marks an important occasion to celebrate the achievements of women as well as their contributions to their respective fields. From Bertha Benz’s pioneering long-distance automobile trip in 1888 to Mary Barra’s appointment as CEO of General Motors in 2014, women have a long track record of significant accomplishments in the automotive realm. […] [Read More]