KAR Global will have a new chief executive officer on April 1. The company announced Tuesday afternoon that KAR president Peter Kelly will succeed Jim Hallett as CEO. Hallett, who has been CEO since 2009 and KAR’s chairman since 2014, will become the company’s executive chairman. He will continue in an advisory role with KAR. […] [Read More]

After landing some credit resources just before the end of the year via Westlake Financial, NextCar Holding Co. (NXCR) reinforced its portfolio of human capital on Tuesday. The fintech and insurtech vehicle subscription platform for dealers, automakers and third-party listing sites, announced seven key management appointments as part of its product and technology launch and […] [Read More]

VINData Products LLC has added Manheim Market Report and Black Book wholesale and retail vehicle values to its vehicle history reports, saying the vehicle values provide accurate, independent information for auto dealers. The company said the reports help used-car dealers more effectively source the right vehicles for their markets, and they can also help boost […] [Read More]

In what we’re proud to call an annual tradition, Cherokee Media Group’s Women in Remarketing program has evolved into a celebrated franchise of Auto Remarketing and a key pillar of the National Remarketing Conference and Used Car Week. For more than a decade, Women in Remarketing has recognized excellence among the leaders of the remarketing and used-car […] [Read More]

Shoppers choosing to buy a 2021 model from one of Kelley Blue Book’s Best Resale Value Brand winners can be confident that their vehicle will do well in retaining its value over time. That’s according to Eric Ibara, director of residual values for Kelley Blue Book. Ibara provided that opinion as Kelley Blue Book on […] [Read More]

Lithia Motors & Driveway announced Tuesday the retailer has acquired Fink Automotive Group, a move that continues to bolster Lithia’s presence in the Southeast. The group, based in the Tampa, Fla., area, is led by president Scott Fink and includes Hyundai of New Port Richey among its dealerships. That store, which was featured as Auto […] [Read More]

Avi Steinlauf says earning a spot on the Edmunds Five Star Dealer Awards list is an accomplishment in any year. “But given the unprecedented challenges that were thrown at dealerships across the country last year, this is truly a testament to the incredible effort made by dealers to go above and beyond for their customers,” […] [Read More]

Cox Automotive Canada has expanded its senior management team, adding four new leaders, including longtime J.D. Power and Canadian Black book analyst Brian Murphy. Coming aboard as chief customer officer for Cox Automotive Canada is Laurent Villanueva, who was most recently executive vice president of client services at Dealer-FX. Named the group general counsel and […] [Read More]

America recently was under the Great Freeze of 2021, which lasted more than two weeks. Millions were without power. Businesses and schools were shuttered. Power grids strained under a brutal arctic assault. This will without a doubt negatively affect business output and the economy for the first quarter of the year, the automotive retail marketplace […] [Read More]

Changes are continuing at the National Independent Automobile Dealers Association. This week, NIADA announced a refreshed vision and mission statements and the 10 steps the association intends to take to accomplish its mission. NIADA’s vision and mission statements now say: “A robust, ethical and professional independent used-vehicle market trusted by consumers. The mission statement describes […] [Read More]