GWC Warranty has appointed Brian Stach as the company’s new chief revenue officer.
In his role, Stach will oversee all of GWC Warranty’s field sales operations, including a nationwide team of area vice presidents, dealer consultants and trainers.
Stach, a graduate of St. Mary’s University of Minnesota, joins GWC Warranty following more than 15 years of successful sales management experience.
Throughout his career he has spearheaded results-driven initiatives at numerous organizations such as CareerBuilder, Yahoo and DialogTech. Most recently, he served as the vice president of sales for Internet Brands.
Cars.com has appointed Darren Haygood as the company’s senior vice president of commercial strategy.
Haygood most recently served as president and chief operating officer at Transparency AI. Previously, he was executive vice president at Dealer.com.
Prior to his roles at Transparency AI and Dealer.com, Haygood was the general manager at the Lokey Nissan dealership in Clearwater, Fla, from 2004-07. He was also the director of e-commerce at Asbury Automotive Group from 2001-04, and served as regional marketing director at the Chrysler Corp. from 1997-2001.
The National Small Business Association released its 2017 Mid-Year Economic Report where the small-business outlook on the overall economy is at its highest point in seven years despite growing frustration over elected officials’ inability to enact needed reforms.
Among the most positive findings: 45 percent of small businesses say today’s economy is better than six months ago; 83 percent are confident in the future of their business; and the number of small-business owners who said “economic uncertainty” was a significant challenge to the future growth and survival of their business dropped to 36 percent, the lowest this indicator has been since February 2008.
Unfortunately, there were less-positive results as well: there was a drop in the number of small businesses anticipating economic expansion in the next 12 months; slightly fewer businesses reported revenue growth in the past year; and even fewer small-business owners reported hiring in the past 12 months or plans to do so in the coming 12 months.
The 2017 Mid-Year Economic Report was conducted online July 24 through Aug. 14, among 1,134 small-business owners.
CarMax Inc. celebrated the grand opening of its new store in Langhorne, Pa.
This is the company’s fifth location in the Philadelphia area. The store is located at 1776 E Lincoln Hwy and has the capacity to stock approximately 240 used vehicles. In celebration of the Langhorne store opening, CarMax and The CarMax Foundation awarded $8,000 in donations and grants to the Lower Bucks Family YMCA. Support for this organization came at the recommendation of the Langhorne CarMax associates.
Automotive Finance Corp. announced a promotion aimed at encouraging dealers to "go digital."
The promotion allows dealers to pay no AFC floor plan financing fees and zero percent interest for 45 days on any vehicles bought and sold on TradeRev. TradeRev offers live, one-hour digital auctions.
The TradeRev – AFC promotion runs until Dec. 31.
The Florida Department of Revenue issued an emergency order to extend certain filing due dates for Florida businesses registered with the department in each of the 67 counties affected by Hurricane Irma.
Order of Emergency Waiver Number 17-235-DOR-003 changes the filing due date for sales and use tax, as well as fuel tax returns and payments to Sept. 29.
Sales and use tax, as well as fuel tax returns and payments are normally due on the 1st day of the month, and late after the 20th day of the month.
Manheim celebrated the grand opening of Manheim Wilmington on Sept. 15. Manheim's mobile auction presence in Wilmington, S.C., is one of the company's longest tenured. With two lanes equipped for in-lane and online auction capabilities, Manheim Wilmington also offers inspections, enhanced imaging, OVE, financing options through NextGear Capital and all other floor plan companies, as well as assurance packages through DealShield.
The percentage of small business owners planning to make capital expenditures in the next three to six months reached its highest level since 2006, according to the National Federation of Independent Business (NFIB) Index of Small Business Optimism.
The NFIB Index rose 0.1 points to 105.3. Five of the components increased, while five declined.
The reading keeps intact a string of historically high performances extending back to last November.
A net 27 percent of small business owners’ expected better sales in August, a five-point gain over the previous month. That matches the number of owners who said it’s a good time to expand, a four-point jump from July.
Job creation plans dipped by one point but remain historically high. Job openings slid four points, a sign that more business owners are slowly filling positions in the midst of a serious shortage of skilled labor.
Copart Inc. expanded its New Orleans facility.
The auction is located at 14600 Old Gentilly Road. The New Orleans expansion marks the twelfth Copart expansion announced this calendar year.
AutoGravity announced the appointment of Stuart Holmes as executive vice president of business development.
“With over a decade of leadership in the automotive finance industry, Holmes is a natural fit for our management team,” said Andy Hinrichs, founder and CEO of AutoGravity. “He brings a wealth of experience developing strategic partnerships combined with strong overall business acumen. He will accelerate our growth by building new partnerships to drive even more users to the AutoGravity platform.”
Prior to joining AutoGravity, Holmes served as co-founder and chief marketing and business development officer for SpringboardAuto.com where he was responsible for product design and building partnerships. Prior to SpringboardAuto.com, Holmes led business development at CarFinance Capital.
Holmes received his MBA in finance from Kennesaw State University and a bachelor's degree in business from the University of Georgia.