Cox Automotive presented the 12th annual Barbara Cox Automotive Woman of the Year Award to Linda Silverstein, general manager, remarketing and rental operations, Ford Motor Co.
This honor is awarded to women who demonstrate business leadership and community advocacy, as well as a commitment to advancing the automotive industry. Cox Automotive President Sandy Schwartz presented the award during the Northwood University Dealer Education Award annual breakfast on Jan. 28 at the National Automobile Dealers Association convention.
Silverstein has been responsible for Ford's vehicle remarketing since 2002, certified pre-owned since 2005 and rental operations since 2007.
Silverstein joined the Ford Motor Company in 1982 as an analyst in Ford Division’s Detroit district sales office and held various positions in the Detroit office over six years. After that, she held a variety of marketing and sales positions at Ford Division and Lincoln Mercury Division in Atlanta, Detroit and San Francisco.
Silverstein was inducted into the National Auto Auction Association Hall of Fame in 2009. She was recognized as 2010 Consignor of the Year and was honored as a Warren Young Fellow.
Silverstein participated for many years in the Manheim Mentor Program that pairs female employees with mentors in the automotive industry. In addition to her dedication to the automotive industry, she is also a strong supporter of Ford’s fund raising efforts for JDRF, the leading global organization funding type 1 diabetes research.
Average values for 1- to 3-year-old pickup trucks have remained strong, as a result of high demand at auction, despite fuel prices peaking in December, reports Kelley Blue Book.
Overall, auction values for 1- to 3-year-old vehicles were down more than 15 percent in 2016. Values fell a substantial 6.8 percent, or $1,146 per unit, in the fourth quarter alone.
An ADESA auction at the NADA Convention and Expo raised $94,423 for the NADA Foundation, which supports Canine Companions for Independence.
Retired Army Sgt. Steve Blackman and his service dog, Gottlieb, attended the auction to represent Canine Companions.
Robert Bassam, founder of Eastern’s Automotive Group in Sterling, Va., placed the first winning bid of $39,000 for a 2015 Polaris utility task vehicle (UTV). He then donated the UTV back to ADESA to be re-auctioned.
Joe Verde, president of Joe Verde Group in San Juan Capistrano, Calif., and longtime supporter of Canine Companions, made the second winning bid of $26,000. He also donated the vehicle back for re-auction.
Bassam’s son, Joel Bassam, director of marketing for Eastern’s Automotive Group, placed the final winning bid of $28,000.
Attendees gathered at the ADESA booth during the auction made $1,423 in cash donations to bring the final contribution to $94,423.
ADESA auctions over the past six NADA conventions have raised more than $334,400 for the NADA Foundation’s Frank E. McCarthy Memorial Fund, in whose name the Canine Companions donation is made. McCarthy was NADA chief executive from 1968 to 2001.
Experian announced the appointment of John DeMarco as senior vice president of automotive sales.
In this role, he is responsible for driving growth strategies and leading responsive teams to deliver client solutions for original equipment manufacturers and dealerships. DeMarco brings more than 27 years of leadership in driving strategies and delivering results for highly competitive industries.
DeMarco has held a number of senior leadership roles at major global companies, including CDK Global (formerly ADP Dealer Services) and Ford Motor Co. During his nearly 20 years at CDK Global, he had many roles of increasing responsibility in sales and operations, including divisional vice president of sales, U.S. major markets.
Most recently, DeMarco was the group director of sales for Ryder Supply Chain Solutions.
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