The McConkey Auction Group has hired Joe Lemonds of Carolina Auto Auction to be the new general manager of the DAA Las Vegas auction it purchased earlier this month, while also announcing a chief operating officer for the company, among other moves. Starting with the new auction GM, Lemonds has been Carolina’s assistant general manager […] [Read More]

Porsche is looking to take advantage of growing consumer interest in subscribing to products and services they want most. On Tuesday, Porsche Cars North America, Inc. introduced a monthly single-vehicle subscription (SVS) program in Los Angeles, Atlanta, Phoenix and San Diego. This program powered by Clutch Technologies offers members access to a single Porsche model […] [Read More]

One of this year’s Emerging 8 honorees hired a new chief marketing officer; an executive whose career includes time with Experian among other firms. On Tuesday, Volta, a provider of innovative electric vehicle charging networks, announced its new chief marketing officer is Nadya Kohl, highlighting that her extensive background in marketing, data and emerging business […] [Read More]

To use store vernacular, Asbury Automotive Group’s acquisition of Park Place Dealerships finally rolled over the curb this week. Asbury announced late Monday afternoon that it completed its deal to secure Park Place, adding approximately $1.7 billion in annual revenues. Asbury president and chief executive officer David Hult elaborated about how the dealer group overcame […] [Read More]

Used-vehicle sales this month are on track to beat year-ago figures by 4% and top July’s numbers by 2%, according to a forecast released Tuesday by ALG. Specifically, the analytics division of TrueCar is calling for 3.6 million used-vehicle sales for August. ALG chief industry analyst Eric Lyman said the year-over-year gain in used-car sales […] [Read More]

ADESA Canada went off the beaten path — or shall we say, road — with its latest online auction endeavor The KAR Global business unit announced it debuted a powersports-exclusive private-label digital auction in Canada last month for Yamaha, where Yamaha Motor Canada dealers can purchase used inventory from Yamaha Financial Services. That auction includes […] [Read More]

The speaker list for next month's all-digital Auto Remarketing Canada conference continues to grow. Below is a list of the lineup so far, with more to come. The 2020 ARC Conference will be held over two weeks in September. Jon Arnett, LivePerson Automotive Canada Melina Beeston, EDealer Jeremy Belanger, VinSolutions Jonathan Dawson, Sellchology Alan Dickie, Alan […] [Read More]

One of the largest independent dealers in Washington state is diversifying — by getting into the franchised-store business. Dan Arrotta, who has operated the used-vehicle and RV superstore Spokane Automax in the Spokane, Wash., area since 2013, now is a part of the U.S. dealer network for Mitsubishi Motors North America. The automaker highlighted Arrotta’s […] [Read More]

CarGurus continues to build relationships with finance companies, with the newest one connected with a provider that caters in part to the subprime market. On Tuesday, the online automotive marketplace announced that Global Lending Services has joined its financing platform that can allow eligible consumers to get pre-qualified for auto financing from the CarGurus website. CarGurus […] [Read More]

Same-store used-vehicle sales for the six publicly traded dealer groups fell a combined 11.2% year-over-year in the first half of 2020, Cox Automotive data shows, but there is still a silver lining to take away from that metric. Pre-owned operations for the public retailers are faring better than their new-car sales, and their decline in used-car […] [Read More]