CarMax Inc. announced that its board of directors has elected John T. Standley to membership on the board, bringing total board membership to 12. Standley will serve on the Audit Committee.Standley is the chairman and chief executive officer of Rite Aid Corp. He has served as CEO since 2010 and chairman of the board since 2012. Standley was president of Rite Aid from 2008 until 2013 and its chief operating officer from 2008 until 2010. He previously served as CEO and as a director of Pathmark Stores from 2005 to 2007.
ADESA Names Top Execs
ADESA announced that Paul Lips will take on the newly created position of chief commercial officer for ADESA and Srisu Subrahmanyam will join the ADESA senior management team as chief...
Audi Recalls Cars for Incorrect Tire Labelling
Volkswagen Group of America Inc. is recalling 3,543 2014-2015 Audi S7 and 2016-2018 RS7 vehicles. The tire information label on these vehicles incorrectly lists the combined maximum weight as 1146...
Kawaski Recalls Motorcycles for Gear Issues
Kawasaki Motors Corp. U.S.A. is recalling 3,964 2016-18 ZX-10R and...
CFPB Looks at Supervision Process
The Consumer Financial Protection Bureau issued a request for information...
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ADESA Names Dealer Relations Director
Written on Wednesday, 28 September 2016 12:23
ADESA announced that Trent Strauss has been promoted to director of dealer relations for ADESA, effective immediately. Strauss will report to Steve Dudash, vice president of dealer services. In his… -
NAAA Offers Support for Flooded Sale
Written on Friday, 19 August 2016 14:40
National Auto Auction Association President Mike Browning drew attention to the victims of the flooding in Louisiana in a letter to members on Aug. 19, spotlighting member Oak View Auto… -
Depreciation Rates Improve
Written on Wednesday, 10 August 2016 14:59
The average price of a used vehicle for model years 2011-15 depreciated by 1.5 percent during July, slightly better than June’s 1.7 percent, according to Black Book. The market performance… -
City Honors Auction for Community Involvement
Written on Wednesday, 03 August 2016 15:07
Manheim Seattle won the City of Kent's “Best of Kent” award for the fifth consecutive year, qualifying the auto auction for the Kent Business Hall of Fame. The award is… -
Cox Promotes Strategy VP
Written on Thursday, 03 November 2016 20:51
Cox Automotive has named Amy Mills senior vice president of strategy. In this role, Mills will work with Cox Automotive's executive leadership team to identify, execute and sustain strategic initiatives… -
Association Honors Charitable Auction
Written on Friday, 19 August 2016 14:40
ADESA Winnipeg, located in Winnipeg, Manitoba, Canada, has earned the inaugural 2016 Eastern Auction of the Year Award from the National Auto Auction Association. The award honors excellence in community… -
Manheim Index Rises Again
Written on Friday, 05 August 2016 14:32
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased for the fourth consecutive month in July. The Manheim Used Vehicle Value reading was 127 for July,… -
Manheim Milwaukee Raises Money for Veterans
Written on Monday, 26 September 2016 03:09
A group of Milwaukee-area veterans will soon take a memorable trip to Washington, D.C., thanks to Manheim Milwaukee Auto Auction’s initiative to support Stars and Stripes Honor Flight, an organization… -
Cox Names Financial Services President
Written on Friday, 02 September 2016 14:35
Cox Automotive announced that Shane O'Dell has been named president of financial solutions. O'Dell will oversee NextGear Capital. He will report to Mark O'Neil, chief operating officer of Cox Automotive… -
NAAA Boosts Prize Amount
Written on Tuesday, 06 September 2016 14:48
In August, the NAAA Executive Committee approved an additional $10,000 to be awarded to the 2016 NAAA Auto Auction of the Year, bringing the total prize to $25,000.The four Chapter…
