TrueCar Inc. announced that Chip Perry, its president and chief executive officer, has retired.


TrueCar is planning for Perry to continue supporting TrueCar in an advisory capacity.


The board has appointed Michael Darrow as interim president and chief executive officer.


Darrow is currently executive vice president of partner & OEM Development and president of ALG. In this role, he has managed TrueCar's exclusive Affinity Partner network, including its USAA partnership, as well as its OEM business.


Prior to joining TrueCar, Darrow held leadership roles over 14 years at Edmunds.com, including as chief executive officer and chief sales officer of Edmunds Data Services.

Columbus Fair Auto Auction will welcome Ricart Automotive, running weekly starting June 12.


Ricart will be featured in lane 11 with more than 75 vehicles. The sale will feature trade-ins, all with condition reports.


Ricart will also run late models every other week.

EBay announced a partnership with CarAdvise, a vehicle repair and maintenance technology platform, to expand the marketplace's tire replacement installation.


The new partnership with CarAdvise initially adds 3,500 tire shops to eBay's tire installer network including top national chains like Firestone, Tires Plus, National Tire and Battery, and Tire Kingdom. Thousands of additional brand name shops within the CarAdvise network are slated to roll out over the coming months.

The Conference Board Consumer Confidence Index improved in May, following an increase in April.

The Index now stands at 134.1, up from 129.2 in April. 

Consumers’ outlook for the labor market was also more favorable. The proportion expecting more jobs in the months ahead increased to 19.2 percent from 16.7 percent, while those anticipating fewer jobs declined to 12.5 percent from 13.2 percent.

Regarding their short-term income prospects, the percentage of consumers expecting an improvement increased to 22.6 percent from 21.5 percent. However, the proportion expecting a decrease rose to 8.2 percent from 6.8 percent.

ADESA announced Matt Laughridge has been named general manager of ADESA Mobile Auctions.


Laughridge joined the auto remarking industry in 1999. He most recently served as director of mobile auction sales and operations at Manheim.


ADESA also announced that Sawyer Walker has been promoted from regional to national manager of ADESA UVA, the company’s program of dealer-to-dealer sales.


Walker was managing the UVA program for Brasher’s Auto Auctions when ADESA purchased the auction group in 2016. He continued in that role until he was promoted to regional UVA manager for ADESA in 2018.


ADESA is expanding UVA sales with an additional bi-weekly UVA sale at ADESA Las Vegas and a weekly UVA sale at ADESA Dallas, expected to launch this summer. ADESA is a leading provider of vehicle auction and remarketing services with 75 vehicle auctions throughout North America.

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