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Dealer Ops

Jury Orders Reagor to Pay Ford Credit $53M

Bart Reagor (above) and former Reagor Dykes Auto Group partner Rick Dykes have each agreed or been ordered to pay damages exceeding $50 million to Ford Motor Credit Co. - ABC7

A jury deliberated for less than an hour before deciding Reagor Dykes’ Bart Reagor owes Ford Motor Credit Co. the full amount it demanded following an investigation into the Texas group’s floorplanning practices.

Wolfe Joins RoadVantage as CFO

RoadVantage has named Scott Wolfe as its new chief financial officer. Executives said Wolfe’s background and experience are a perfect fit for the growing company.

KAR Auction Services Is Now KAR Global

Executives said a wave of acquisitions and new offerings prompted the name change, saying dealers and other automotive industry users are increasingly demanding ‘global’ solutions.