May 2022

Tuesday, May. 31, 2022, 03:04 PM CarNow, a digital retailing provider in the auto industry, has named a chief financial officer. Hired for the role is Tim O’Toole, whose background includes CFO roles with RapidMiner, Yotta, Dyn and Rapid7. O’Toole’s experience also includes time on the senior leadership team at BladeLogic. “Having known Tim for nearly 20 years, I am excited for the strategic leadership he brings to our organization and am thrilled to welcome him to the team,” CarNow chief executive officer Andy Park said in a news release.… Read More »CarNow names chief financial officer

Auto Remarketing has added a twist to our 40 Under 40 program. The program will now feature two separate awards: “Dealers Under 40,” which is sponsored by CARFAX and focuses exclusively on leaders from auto dealerships; as well as a 40 Under 40 for the overall industry, which will focus on the consignors, auctions, auto finance, vendors, tech companies, associations and other players within the used-car space. The dealer honorees, which will be featured in the upcoming June issue of Auto Remarketing, can be found below: Mo Abed of Car N Go Auto… Read More »Inaugural class of ‘Dealers Under 40’ honorees

Tuesday, May. 31, 2022, 09:59 AM Auto Remarketing Canada  is recognizing the 2022 Women & Automotive: Profiles honorees in the current issue of the magazine and at Canada’s Used Car Week next month at the Westin Harbour Castle in Toronto. In the weeks leading up to the June 27-29 event, ARC will be posting Q&As with each of the Women & Automotive honorees on this website. Next up is Farida Sultani, vice president of Bell Auto Inc.  Auto Remarketing Canada: What do you enjoy most about working in automotive, and what would you change? Farida Sultani: What I enjoy… Read More »Women & Automotive: Farida Sultani of Bell Auto Inc.

That new or late-model Ford Explorer you might be retailing could be made from some of that old Explorer that exhausted its lifespan. Rice University chemists are working with researchers at Ford and turning plastic parts from “end-of-life” vehicles into graphene via the university’s flash Joule heating process. The goal of the project led by Rice chemist James Tour and graduate student and lead author Kevin Wyss was to reuse that graphene to make enhanced polyurethane foam for new vehicles. Experts said the average SUV contains up to 771 pounds… Read More »Ford teams with Rice University researchers to recycle plastic from old vehicles

As AAA reported ahead of Memorial Day weekend that the national average for a gallon of gasoline stood at $4.59 and all 50 states were above $4 per gallon, vehicle shoppers in America are more likely than ever to consider buying a fully electric vehicle. And J.D. Power said new EV entries also are responsible for much of the added consideration. These new entries, many from long-established vehicle manufacturers, are turning EV skeptics into likely EV considerers, according to the J.D. Power 2022 U.S. Electric Vehicle Consideration (EVC) Study. According… Read More »J.D. Power: EV consideration rises, but skepticism remains

Friday, May. 27, 2022, 10:50 AM Dealership buy-sell activity is abuzz again in 2022, though it is not likely to reach the same staggering, record-setting heights of 2021, according to The Haig Report for the first quarter. The report, which Haig Partners produces based on its own research and through using Automotive News and The Banks Report data, found there were … Source Article

Friday, May. 27, 2022, 09:22 AM For the second week in a row, F&I Sentinel reinforced its human resources. Last week, the compliance solutions provider with respect to the financing of F&I products reinforced its executive team with two former team members at F&I Express. This week, F&I Sentinel announced that Rick Hackett, former Hudson Cook partner as well as assistant director at the Consumer Financial Protection Bureau (CFPB), has joined its advisory board. Hackett served under former CFPB director Richard Cordray, focusing on auto financing regulation. His responsibilities included… Read More »Hackett joins F&I Sentinel advisory board

AutoNation highlighted this week that the dealer group’s newest marketing campaign is designed to amplifies the company’s commitment to delivering an “unrivaled” customer experience and “world-class” work environment. AutoNation’s new national advertising campaign is celebrating its associates coast to coast with the theme, “Go Be Great!” As the next evolutionary phase of AutoNation’s, “What Drives You, Drives Us” customer-facing ad campaign, the group said the new “Go Be Great” messaging highlights the customer experience as central to AutoNation’s approach to automotive sales and service. AutoNation’s multi-million dollar, omni-channel media campaign… Read More »AutoNation launches new associate-driven marketing campaign

Thursday, May. 26, 2022, 12:46 PM In a different take on the pre-owned car market, TrueCar is expecting used-car sales will soften this month, and is actually seeing listing prices decline. These would seem to suggest an adjustment in demand. Specifically, the company predicts there will be Source Article

Auto Remarketing Canada  is recognizing the 2022 Women & Automotive: Profiles honorees in the current issue of the magazine and at Canada’s Used Car Week next month at the Westin Harbour Castle in Toronto. In the weeks leading up to the June 27-29 event, ARC will be posting Q&As with each of the Women & Automotive honorees on this website. Next up is Davina Reid, who is senior manager of manufacturer partnerships at Scotiabank, Automotive Finance. Auto Remarketing Canada: What do you enjoy most about working in automotive, and what would you change? Davina Reid: What I enjoy most is… Read More »Women & Automotive: Davina Reid of Scotiabank