Automotive Finance Corp. (AFC), a business unit of KAR Auction Services, named two vice presidents this week. AFC highlighted Tiff Arcella joined the company as vice president of sales and Devra Callaghan was promoted to vice president of marketing and business development. A sales leader and strategic management expert, Arcella joins AFC with nearly 30 […] [Read More]

Vendor Transparency Solutions (VTS) — a compliance monitoring and continuing education training provider for the recovery and finance industries — recently released its new, expanded library. In an effort to better prepare VTS-subscribed companies with the various compliance-related requests from clients, subscribers now have access to 23 individual policy templates. This service is provided by […] [Read More]

The Zika virus, Hillary Clinton’s emails, global warming and the presidential election. Each of these current events/issues has a significantly higher rate of general public awareness than does the Takata recall, according to Kelley Blue Book. A study from KBB parent company Cox Automotive found the public had lower awareness of the Takata recall (52 […] [Read More]

Cox Automotive chief economist Tom Webb called it “relatively unusual” that off-lease volume and retail sales of certified pre-owned vehicles were nearly identical last year at 2.55 million units. Webb is thinking off-lease volume this year will swell to about 3.1 million while CPO sales are “not nearly going to grow nearly that much.” He […] [Read More]

In an ever-expanding world of online vehicle buying, companies are finding their niche in every part of the process. Whether a company specializes in giving users vehicle listings, showing the appraised value of their current car, or even facilitating the entire purchase online, members of the industry are learning to adapt to what the customer […] [Read More]

If you have your heart set on buying an American-made car, you may want to consider where in America you are. A recent analysis by Carjojo revealed that Texas leads the country in American-car selection, while Michigan is tops in American-made inventory per resident. Carjojo used data from American University’s recently released 2016 Kogod Made […] [Read More]

The 100 Best Workplaces for Millennials listing released by Fortune and the Great Place to Work Institute this week included a half dozen companies with connections to the used-vehicle industry. Officials explained that rankings for the 100 Best Workplaces for Millennials are based entirely upon employee feedback. The automotive contingent included: —Navy Federal Credit Union […] [Read More]

Capital One recently announced that it provided a $12 million floor plan revolver to Fahrney Automotive Group in Selma, Calif. Capital One also provided a $10.4 million construction line of credit that will enable the group to house each of its three franchises in separate facilities.  “This is the first construction loan in California for […] [Read More]

Since the company believes its vehicle location data has “transformed” the recovery industry, Digital Recognition Network is integrating the company’s historical hit data through Clearplan in an effort to generate even higher recovery rates. Through a program that started July 1, DRN affiliates can access historical hit data in Clearplan’s Business Plan for free during […] [Read More]

As more cyber attacks disrupt businesses, the American International Automobile Dealers Association insisted principals and managers need to know about emerging threats and how to defend their businesses. To help stores, AIADA set up its July AutoTalk webinar to feature two experts from Wells Fargo who plan to share best practices for keeping your accounts […] [Read More]