XLerate Group has purchased Liquid Motors, the auction group said Monday. It’s a move that can help bulk up XLerate’s digital sales, which the company says have seen significant growth in the last five years. In a news release, XLerate chief executive officer Cam Hitchcock said Liquid Motors management will continue to operate the company. […] [Read More]

Cherokee Media Group — parent company of Auto Remarketing, Used Car Week and related auto industry publications, events and media brands — has named an executive vice president of events and marketing. Promoted to the newly created role is Amanda Dunlap, who has been with CMG for close to two decades, most recently as publisher. Dunlap […] [Read More]

Asbury Automotive Group has made another enhancement to its Clicklane online car-buying and -selling platform, this time on the parts-and-accessories side. Four days after announcing a partnership with insurtech company Salty to add an insurance tool to the digital platform, Asbury said Monday it has teamed up with the Insignia Group to bring vehicle customization […] [Read More]

The National Automobile Dealers Association said Monday it has been chosen as the exclusive provider of 20 Group services for the Minority Dealer Development 20 Groups at General Motors. The GM MDD program strives to attract and retain minority dealers to the automaker’s dealer network, while also supporting GM’s existing minority dealers. The MDD 20 […] [Read More]

Now dealerships that use HopDrive for concierge vehicle pickup and delivery when their customers want repairs or other services, stores also might be on a path toward getting a new piece of inventory, too. On Monday, Black Book announced a new data integration with HopDrive. According to a news release, Black Book data is now being […] [Read More]

In a separate email message, truPayments chief executive officer Tarry Shebesta said: “Today starts the next chapter of my 32-year career in the online marketing, shopping and digital retailing space.” The reason for Shebesta’s declaration arrived through a news release distributed on Monday. PureCars announced its acquisition of truPayments in a move meant to solidify […] [Read More]

GM Financial is reinforcing its commitment to help students who attend Historically Black Colleges and Universities (HBCUs). This summer, the captive launched its first Sophomore Leadership Program to provide HBCU students with an in-depth, first-person look at the auto finance industry. Officials highlighted the program is a component of GM Financial’s participation in the Historically […] [Read More]

Less than a month after being confirmed as chair of the Federal Trade Commission, Lina Khan gained approval on a partisan vote for the regulator to proceed via a series of resolutions authorizing investigations into key law enforcement priorities for the next decade. And one of those priorities could have a strong connection to automotive […] [Read More]

Tight used-car supply and a stretch of record wholesale prices are having an impact beyond the auction lanes and other wholesale channels. They’re also leading to lower retail sales. According to analysis around Cox Automotive’s Manheim Used Vehicle Value Index, there was an 11.1% decline in total used-car sales last month. The seasonally adjusted annual […] [Read More]

Wholesale vehicle prices have peaked and it will likely be “several years” before they return to the record levels seen in recent months. That’s according to analysis around Cox Automotive’s Manheim Used Vehicle Value Index, which reached an all-time high of 203 in May, but fell to 200.4 in June. That ended a four-month string of […] [Read More]