May 2022

Tuesday, May. 03, 2022, 10:37 AM U.S.-based auto retailer Lithia & Driveway, which expanded into Canada last year with the purchase of Toronto’s Pfaff Automotive Partners, has increased its Canadian footprint with a purchase announced Tuesday. In the first addition to its Canadian portfolio since buying Pfaff, Lithia has acquired Thornhill, Ontario-based Sisley Honda. The store, which opened in 1946 and is a multi-generational family business, is expected to bump Lithia’s total expected annualized revenue acquired this year above $1.2 billion. Lithia financed the purchase via existing on-balance sheet capacity.… Read More »Lithia expands presence in Canada with Honda store purchase

Quantum5 reinforced its executive management team on Monday. The company that offers a platform designed “to transform dealership training and bridge the gap between the traditional and digital customer” announced the hiring of Blair King as its new vice president of marketing and Matt Montgomery as its vice president of accounting and finance. King, who previously was that brand manager and director of marketing for CallRevu, a call monitoring and phone skills training company, brings more than a decade of SaaS automotive experience. Most recently, King served as director of… Read More »Quantum5 adds 2 new executives connected to marketing, accounting

A new month begins with another acquisition announcement. DealerBuilt, an enterprise dealer management system (DMS) provider for retail dealerships, on Monday announced the acquisition of Vistadash, a leading agnostic marketing intelligence platform that helps the automotive industry standardize digital metrics to create a fair baseline measurement of digital performance. DealerBuilt said through a news release that this acquisition signifies continued progress in its plans “to shape the future of automotive retail.” Mike Trasatti is DealerBuilt’s chief executive officer. “We understand the value of data and the real need to provide… Read More »DealerBuilt acquires Vistadash to help dealers find ‘blind spots’ in marketing efforts

Auto Remarketing is recognizing the 2022 Women in Remarketing honorees in the May issue of the magazine, and will be posting Q&As with each of these outstanding leaders on the website. Next up is Michelle Hutchinson, who is director of strategic accounts at Ship Your Car Now. Auto Remarketing: What is the top trend you’re watching in remarketing/ wholesale automotive this year? Michelle Hutchinson: Technology, for the past year, has been in the forefront of the automotive industry like never before. Where companies in the remarketing/wholesale market used to move truckloads of vehicles from… Read More »Women in Remaketing: Michelle Hutchinson of Ship Your Car Now

On Monday, APCO Holdings announced its third executive move so far this year. After actions involving its senior vice president and chief information officer as well as with its senior vice president of marketing and strategy, the provider and administrator of automotive F&I products and home to the EasyCare and GWC Warranty brands announced a new chief financial officer. Joining APCO is Bob Haeffner, who has nearly 30 years of financial and accounting experience and a deep understanding of the automotive retail industry, according to a company news release. APCO… Read More »APCO Holdings’ third executive move of 2022 involves new CFO

Monday, May. 02, 2022, 11:34 AM Auto Remarketing is recognizing the 2022 Women in Remarketing honorees in the May issue of the magazine, and will be posting Q&As with each of these outstanding leaders on the website. Next up is Kelly Bianchi, who is president of AuctionVcommerce.  Auto Remarketing: What is the top trend you’re watching in remarketing/wholesale automotive this year? Kelly Bianchi: The top trend I am watching this year has actually always been my focus: it is digital transformation. Independent auto auctions were reluctant when simulcast technology was introduced, but I… Read More »Women in Remarketing: Kelly Bianchi of AuctionVcommerce

Monday, May. 02, 2022, 11:26 AM Auto Remarketing is recognizing the 2022 Women in Remarketing honorees in the May issue of the magazine, and will be posting Q&As with each of these outstanding leaders on the website. First up is Christina Young, who is director of logistics development at CarMax. Auto Remarketing: What is the top trend you’re watching in remarketing/wholesale automotive this year? Christina Young: One of the biggest trends we are seeing is the increased interest and demand for used electric and hybrid vehicles. While interest has been growing over the last couple… Read More »Women in Remarketing: Christina Young of CarMax