Auction sales volumes at the midpoint of January were the strongest weekly output since before Thanksgiving, but they remain significantly softer than year-ago levels, says J.D. Power Valuation Services, bumping up prices in the lanes. In the firm’s Used Market Update released Friday, J.D. Power said there were about 87,000 auction sales of vehicles up […] [Read More]

Social advocacy platform Quantum5 has appointed Germain Toyota of Naples general manager Brian Kramer to its advisory board. Quantum5, which says it transforms dealership training through its lifetime value model, described Kramer as an industry thought leader for digital transformation. For Germain, Kramer served in several different roles before he became a general manager of […] [Read More]

The Automotive Trade Association Executives, or ATAE, has elected Scott Lambert as its 2021 chairman. The election took place virtually at the ATAE annual winter meeting on Thursday. Lambert is president of the Minnesota Automobile Dealers Association and has been with that group for more than 30 years, supporting Minnesota’s more than 375 dealers. He […] [Read More]

The Larry H. Miller Group of Companies is growing its overall automotive footprint by delving into the insurance world. In partnership with Leavitt Group, the company on Tuesday announced the launch of Larry H. Miller Insurance Services, an independent insurance agency that will offer LHM customers auto, home, life and business insurance. Company leaders highlighted […] [Read More]

A new player has emerged in the competitive landscape of automotive research and classifieds sites. CarEdge.com has completed Phase I of its vehicle research and listings website, saying that the new version of the site features vehicle cost analysis on more than 250 vehicle models from more than 30 vehicle manufacturers. The analysis includes resale values, […] [Read More]

The used-vehicle market appears off to a good start in 2021, with January sales expected to beat both year-ago and December figures. TrueCar estimates in a forecast released Tuesday that there will be 3.2 million used-car sales this month. That would beat January 2020 by 1% and December by 10%. In a related analysis, Cox […] [Read More]

SiriusXM Canada has extended its partnership with Ford Motor Co. of Canada through 2025. As part of the extension, announced Monday, Ford vehicles that have the SYNC 4 communications and entertainment system will include SiriusXM’s next-generation 360L platform. The SYNC 4 system made its debut in the 2021 Ford F-150 and is scheduled to be […] [Read More]

At the onset of the pandemic, many industry pundits made comparisons to the Great Recession; though we quickly learned that the similarities were few and far between. The underlying causes and economic impact of COVID-19 are vastly different from those more than a decade earlier, yet some experts still find some of the trends in […] [Read More]

Fresh off expanding its dealer group footprint to 26 total locations, CARite now has partnered with DriveItAway in an effort to help consumers secure vital transportation while building equity and taking a “never-ending test drive.” On Tuesday, CARite announced the launch of its new “Pay as You Go” subscription offering. The company explained that “Pay […] [Read More]

After closing a “challenging year” with “strong fourth-quarter results,” Texas Capital Bank announced a pair of executive leadership appointments, effective immediately, creating roles for experienced professionals who each spent many years in posts at JPMorgan Chase & Co. Now serving new president and chief executive officer Rob Holmes, who officially took on those roles this […] [Read More]