Just before 2020 closed, DealerSocket announced the appointment of Byron McDuffee as chief operating officer, although the company said he officially joined DealerSocket from Equifax in November. The software provider said the 22-year automotive industry veteran will oversee DealerSocket’s operations, customer success and support, corporate development, strategy, vendor management and analytics teams. “Byron is an […] [Read More]

DRAIVER made a major executive move on the first business day of 2021. The software provider in the vehicle transportation industry announced on Tuesday that veteran technology executive Anthony Monteiro will transition from president of automotive retail to becoming the company’s chief operating officer. The company highlighted Monteiro has years of experience in product innovation, […] [Read More]

One of the scenes in the 1967 film “Cool Hand Luke” includes a famous line that’s likely been turned into an array of social media content nowadays. It’s when Paul Newman is told, “What we’ve got here is a failure to communicate.” Evidently, that’s also what’s happening to the interaction of dealerships and auto-finance companies as […] [Read More]

It turned out to be an active holiday season at the Consumer Financial Protection Bureau. Along with naming two new staff members and reaching a consent order with a provider of personal loans, the CFPB also penalized Santander Consumer USA for the second time in three years. The bureau issued a consent order against Santander to […] [Read More]

Saying that expansions will remain an important aspect of its investment strategy, global digital marketplace IAA said it was increasing capacity of its IAA High Desert branch in California and would also increase capacity in the overall Boston market. Regarding expansions in IAA’s Boston market, which will span the IAA Taunton, Templeton, and Shirley branch […] [Read More]

The entire team at Cherokee Media Group wishes you a safe and happy holiday season and a joyous new year. Saturday's issue of Best of CMG Premium will be the final regularly scheduled e-newsletter from our team in 2020 before we take a holiday break. We thank you for your interest, support, readership and feedback this year. The Cherokee […] [Read More]

ACV Auctions has redesigned its online buying experience, launching Marketplace 2.0 on Friday. The revamped marketplace is designed to provide a more streamlined interface, customized alerts, real-time notifications on auction activity, as well as new options for searching, browsing and filtering. “For dealers, time is money, and our platform enables them to make the most […] [Read More]

Westlake Financial certainly appears to see immense value in the potential of subscriptions of used vehicles, saying that they might be at the development stage where leasing sat four decades ago. In fact, the company pegged that possible value at $400 million. Late Thursday, NextCar Holding Company (NXCR), a fintech and insurtech vehicle subscription platform, […] [Read More]

Roger Dean Chevrolet, located in West Palm Beach, Fla., is now Mike Maroone Chevrolet,  as Maroone USA takes on full ownership of the dealership. Maroone USA, which operates six dealerships in Florida and Colorado, said it partnered in 2017 with Patty Dean, daughter of namesake Roger Dean, to jointly own and manage the West Palm […] [Read More]

Ford’s model-level strength helped it perform well in the eighth annual Vincentric Best Certified Pre-Owned Value in America Awards. Although Ford won more model-level awards than any other brand with eight, Toyota and Honda also had a strong showing with four model-level awards each. Vincentric president David Wurster said many people in the United States […] [Read More]