CloudOne is specifically designed to seamlessly facilitate new and used vehicle sales, while also providing conquest digital marketing services and credit-based lead generation through its wholly-owned subsidiary, CreditYes.
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Overall truck segments are declining but some truckmakers saw increases of up to 5% due to new 1/2-ton pickups.
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John Fuller, founder of NextGear Capital, died Wednesday at age 75, the company announced. Fuller is known throughout the auto retail industry as an innovator in the floorplanning segment, having founded and sold Automotive Finance Corp. and Dealer Services Corp., the latter to Manheim.
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Tim Sloan, president and CEO of Wells Fargo & Co., will retire June 30, the bank announced. General Counsel Allen Parker will serve as interim chief executive while the search for a new leader is conducted.
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Lynnway Auto Auction, Inc. and its president, James Lamb were indicted this week on five counts of manslaughter in connection with a 2017 fatal crash, according to an announcement given by the Middlesex County District Attorney's Office.
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Following a lower-than-expected February, Cox Automotive is forecasting March U.S. auto sales volume to hit 1.547 million, an increase from last month, but a nearly 7% decline from March 2018.
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KAR's Warren Byrd earned Remarketer of the Year, while ARI's Chris Clarke won Consignor of the Year.
Read More →Insurance Auto Auctions, Inc. will set up an innovation hub in a partnership with technology incubator 1871 called IAA Engine House that will serve as an idea-generation and development center for the company.
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Nick Peluso, president of Manheim Digital Marketplace, received the Ed Bobit Industry Icon award on Tuesday during an award ceremony at the 2019 Conference of Automotive Remarketing at the Caesars Palace in Las Vegas.
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The Federal Reserve has voted unanimously that it would not hike interest rates any further for the remainder of 2019.
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