New leadership now is in place for one of the primary capital providers for buy-here, pay-here dealers This week, Texas Capital Bancshares, the parent company of Texas Capital Bank, announced that Rob Holmes has been appointed chief executive officer, president and a member of the board of directors of both companies, effective Jan. 24. Holmes […] [Read More]

The “SkipGuru” has embarked on his next professional challenge. Alex Price, the frequent Used Car Week speaker and skip-tracing expert widely known as the “SkipGuru,” joined LocateSmarter, a data and analytics company, as director of training and development in a move that was effective Oct. 1. According to a news release distributed this week, Price […] [Read More]

The COVID-19 pandemic may have helped spur pickup truck sales over the course of 2020. The main reason for that trend: younger car shoppers. That is one finding from the CarGurus 2020 Pickup Truck Sentiment Study. The study examines how COVID-19 has had an impact on sentiment related to the pickup truck segment. The study […] [Read More]

In a special preview for our CMG Premium subscribers, Auto Remarketing is offering an early look at the data and insights from our Best Auto Auctions to Work For program for 2020. The full study and feature story will be available in the November issue of the magazine.  But for a sneak peek at the Best […] [Read More]

In a special preview for our CMG Premium subscribers, Auto Remarketing is offering an early look at the data and insights from our Best Auto Auctions to Work For program for 2020. The full study and feature story will be available in the November issue of the magazine.  Part II of our Best Auto Auctions to […] [Read More]

To accommodate its continuing growth in Canada, CARFAX said it will add hundreds of highly skilled jobs in the next few years. To house the expanding 230-plus person team, the company invested in a new 48,555-square-foot, state-of-the-art office space. The office space was a relocation of CARFAX’s Canadian headquarters to the historical landmark at 100 […] [Read More]

Black Book reported wholesale values declined for the seventh week in a row. Meanwhile, analysts said in their latest COVID-19 Market Update that after falling two weeks ago, retail prices for used vehicles have stabilized. According to Black Book’s volume-weighted data, overall car segment values decreased 0.74% over the past week. The drop was larger […] [Read More]

Perhaps you’re well past the age to go trick-or-treating. But Swapalease.com announced five “spooktacular” lease deals for the Halloween holiday that might help your dealership move some metal, which certainly could be a sweet way to close the month. The “spooktacular” lease deals aren’t just for base-model units, either, as site experts found diverse vehicle […] [Read More]

KAR Global says it has enhanced its ADESA.com recommendations carousel to include dealer trade-ins from TradeRev. The updated recommendations carousel is the latest of modernizations to ADESA’s digital marketplace. The company said the modernizations can help dealers find profitable and high-demand used vehicles tailored to their unique business needs. KAR said that with the new […] [Read More]

The National Independent Automobile Dealers Association has a new chief executive officer. Hired for the role and replacing longtime CEO Steve Jordan, who left in August and is now an executive at KAR Global, is Robert Voltmann, who comes over to NIADA from the third-party logistics industry. Voltmann was most recently the president and CEO […] [Read More]