Cox Enterprises has named Steve Rowley as the new president of Cox Automotive, effective Aug. 3, and will take over for current president and CEO Sandy Schwartz, who moves to a role as CEO of the Cox Family Office.
To help address the COVID-19 pandemic, vehicle logistics provider United Road deployed technology-enabled solutions to simplify vehicle moves, as well as gave customers touchless delivery and pick-up, repositioning support, storage options, more.
Wholesale market prices were strong for the last week of June, and were maintained by federal stimulus, together with still limited used-vehicle inventory.
Tim West, Black Book’s longtime Vice President of North American Auctions, received the Ed Bobit Industry Icon Award, which honors those for their contributions to the remarketing industry.
Direct Automotive Services (DAS), formerly Direct Auction Services, named Steve Watson as chief financial officer (CFO) effective May 6, 2020, where he oversees the financials, accounting, HR/Payroll, administration and IT departments.
The partnership and API integration will allow Acertus to connect to AutoIMS as a logistics provider, connecting automotive auction and consignment shippers to capacity of pre-approved, vetted carriers representing 20,000 trucks.
Scott Lilja, 58, senior VP of member services for the National Independent Automobile Dealers Association (NIADA), passed away May 3, 2020 after a long battle with multiple myeloma.
Innovative Funding Services (IFS) will begin operating under a new name and, effective immediately, will be known as Tresl.
Now in the midst of the coronavirus crisis, pressure on residual values is predicted to increase lender’s credit losses as vehicle sales slow and unemployment rises. Now is the time for some creative online solutions.
Overall car segment values increased 0.32% last week and overall truck segment values increased 0.20% last week.
Automotive Finance Corporation (AFC) has launched a customer relief program that will allow eligible customers to defer curtailment payments due through May 31, 2020 on eligible unsold units.
While the conference has been postponed until a later date in 2020 as a preventive measure against the COVID-19 coronavirus, people interested in attending the show later this year can still register for it.
After a great deal of discussion, the 2020 Conference of Automotive Remarketing has been postponed.
We have been monitoring the COVID-19 events very closely and we still intend to move forward with the 2020 Conference of Automotive Remarketing.
Tom Caruso is retiring from KAR Global after more than 40 years in the remarketing industry.
View photos from the 2019 Conference of Automotive Remarketing, which took place from March 25 to 27 at Caesars Palace Las Vegas.
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