America’s Auto Auction has promoted Will Miller to the position of fleet/lease manager for its Toledo, Ohio, facility, noting that Miller is well suited to the new role during the current climate of increased emphasis on internet selling. In his previous post as the auction’s online manager, Miller worked with fleet/lease and dealer accounts. Miller said […] [Read More]

With an eye toward current F&I business as well as where that segment could go after the pandemic, EFG Companies welcomed a former senior executive at Cox Automotive to its leadership team on Thursday. Scott Kaskocsak, who previously was the senior director of enterprise sales for Cox Automotive, is now executive vice president of dealer services […] [Read More]

For some buy-here, pay-here operators seeking a Paycheck Protection Program (PPP) loan, their banker could have access to the program as soon as Friday. If the opportunity doesn’t arrive by the end of the week, federal officials confirmed that the program will be fully open on Tuesday. The U.S. Small Business Administration, in consultation with […] [Read More]

The Canadian Black Book Used Vehicle Retention Index was at a record high in December, beating the prior all-time high — set just a month earlier — by 0.8 points, and eclipsing the prior-figure figure by 3.1 points. That’s according to the latest Canadian Auto Market update released Tuesday by Canadian Black Book, which indicated its […] [Read More]

Hyundai Capital Canada  had a reason to celebrate this week, announcing that it was named among Greater Toronto’s Top Employers for the second year in a row by The Globe and Mail. Headquartered in Toronto, the company that provides lease and purchase financing services for Hyundai, Kia and Genesis brands throughout Canada claimed the accolade […] [Read More]

A product partnership between DataOne Software and consultancy firm SBD has resulted in a software product called VehiclePlannerPlus, which provides competitive intelligence and vehicle product planning. The product helps with OEM marketing and vehicle planning activities, allowing automotive analysts to use a single tool to create, configure and export insights. As a result, the typical effort […] [Read More]

Perhaps not since the Great Recession has the auto retail industry had a challenging year as it did in 2020. But amid all the turmoil in the industry, last year “ultimately ended as the most profitable year on record for dealers,” says Erin Kerrigan, founder and managing director of Kerrigan Advisors. Just consider the stock valuations of […] [Read More]

With its president saying that people have experienced extreme challenges over the past year, Sheehy Auto Stores is donating $115,500 among 22 charities throughout the communities they serve in several locations. Those areas include Washington, D.C.; Baltimore and Hagerstown, Md., and Richmond, Va. The donations are part of Sheehy’s Annual Giving Program. Through that program, each […] [Read More]

CallRevu recently upgraded its communications intelligence (CI) solution to help dealerships monitor and improve their communications with customers. This week, the company launched a platform innovation that harnesses artificial intelligence and machine learning using CallRevu’s unique automotive lexicon developed during the past 12 years from millions of human transcribed calls. CallRevu highlighted this new technology […] [Read More]

Paperwork within dealership service drives and accounting departments can accumulate quickly. Dealer Scanning is looking to improve the situation for stores, making the scenes both aesthetically pleasing and perhaps even more crucial — improved security and search capability. Dealer Scanning, a leading cloud-based automotive document scanning company, recently announced that it has become a participant […] [Read More]