Wholesale prices might have hit their apex in August, according to the team at Black Book. Analysts released their Used Vehicle Retention Index for August, which came in at a new high for the measurement at 129.0. That reading represented a 3.0-point rise from July, but Black Book isn’t expecting the climb to continue. “Wholesale […] [Read More]

Manheim has released three new enhancements to its digital marketplace, stating that as wholesale remains largely digital, the ability for dealers to buy and sell online with ease has never been more important. The company says those enhancements include significantly more images on vehicles checked in at a physical location, the opportunity to more easily […] [Read More]

The American Recovery recently rolled out its latest informational initiative since the coronavirus pandemic began. The newest project is a new whitepaper series titled, “Repossession Matters,” as ARA said it will be addressing issues and presenting revenue models to allow for repossession agencies to operate in a viable and sustainable manner. “In light of the […] [Read More]

After announcing its new name and branding back in May, Tresl recently launched its newest offering to augment its menu of services that include auto refinancing, lease purchases and off-fleet purchases. The company described Tresl Car Sales as an innovative new digital web application aimed at “forever changing the way consumers shop and purchase a […] [Read More]

Lightico chief revenue officer Gilad Komorov wrote in a commentary published by Auto Fin Journal earlier this summer that “Auto-loan fraud may be growing in complexity, but so are the technologies that are being created to combat it.” The partnership the Emerging 8 honoree finalized on Wednesday reinforces Komorov’s assertion about how the firm involved […] [Read More]

JM Family Enterprises revealed a major executive succession plan on Wednesday, stemming from JM&A Group president Forrest Heathcott announcing he will retire on March 31, culminating a company career spanning nearly 30 years. On deck to fill Heathcott’s role is fellow JM Family executive Dan Chait, who currently is president of sister company Southeast Toyota Finance […] [Read More]

Servicing Solutions recently hired a new senior vice president of sales and marketing: an executive with a long-standing relationship with the company’s top management. Bringing more than 20 years of sales and management experience to the loan servicing, call center and business process outsourcing organization is Andrew Yudin, who will oversee the sales and marketing functions […] [Read More]

Flagship Credit Acceptance turned to a seasoned executive from the mortgage space to be its new chief financial officer. On Tuesday, the auto finance company announced the appointment of Rob Crowl, a seasoned senior-level executive with more than 34 years of financial experience spanning the banking and specialty finance industries. Crowl joins Flagship as CFO […] [Read More]

America’s Auto Auction St. Louis general manager Todd Ritter says Zach Evans has used his experience to “help build and strengthen the fleet/lease accounts at America’s St. Louis.” Evans is fleet/lease manager at America’s Auto Auction’s St. Louis auction, and because of his work such as building fleet/lease accounts and meeting the challenges of doing […] [Read More]

Add auctioneers to the list of professionals from throughout the automotive industry having to put in more effort to overcome challenges created by the coronavirus pandemic. In the latest installment of COVID-19 Market Insights released by Black Book on Tuesday, analysts described what’s happening in the lanes nowadays as dealers continue to keep a close […] [Read More]