Skipco Auto Auction recently conducted its own version of when a movie director announces, “Lights! Camera! Action!” SAA served as a service provider for federal authorities who looked to recovery money stemming from famous movie vehicles included in a $43 million Medicaid fraud case in Youngstown, Ohio. SAA sold nearly $500,000 in special vehicles that […] [Read More]

When it comes to the pre-owned vehicles that are retaining their values the best, the pickup truck segment is leading the pack these days. Or as the lead analyst from Edmunds puts it, used pickups are having a “moment in the spotlight.” An analysis the company conducted in July examined all 2017 model-year trade-ins for […] [Read More]

Protective Asset Protection is serving up a six pack for dealerships. While the stress triggered by COVID-19 might merit popular beverages that oftentimes come in packages of six, the provider of F&I programs, services and dealer owned warranty company programs announced this week that it has made available a new series of pre-recorded educational training […] [Read More]

Not only are finance-company leaders likely are thinking of the health of themselves as well as well their family, friends, employees and customers, but also the condition of their outstanding portfolio. In an attempt to aid the status of the last segment on that list, Wolters Kluwer’s Lien Solutions is hosting an informational webinar on […] [Read More]

The all-digital Auto Intel Summit wraps up Friday with a day of sessions on auto innovation, digital retail and the role of venture capital in auto technology. The day begins at 11 a.m. (ET) with a panel discussion titled, “The Auto Intel Council Explores the Edge of Auto Innovation.” Moderated by Auto Remarketing senior editor […] [Read More]

In what one observer described as a policymaker trying “to avoid mistakes of the past,” the Federal Reserve gave an update about how it plans to craft its actions for the next five years. Following an extensive review that included numerous public events across the country, the Federal Open Market Committee (FOMC) on Thursday announced […] [Read More]

One of the firms that buy-here, pay-here dealers use to bolster its financing options expanded its presence this week via an acquisition. Buckeye Dealership Consulting, a provider of reinsurance and F&I products for independent operators, announced it has acquired Specialty Administration Services (SAS Pros), a provider of contract administration for automotive, RV, heavy truck and […] [Read More]

Four auto industry leaders, representing different segments of the retail car business, have teamed up to create the Women of Color Automotive Network. Launched earlier this month, WOCAN aims to “attract, support, connect and empower women of color in the automotive industry,” through a variety of educational, career and community resources for its members. That […] [Read More]

On Tuesday, Audi Canada will welcome a new president. The automaker announced this week that Vito Paladino will be succeeding Giorgio Delucchi as president of Audi Canada. Paladino is presently the senior director of sales and aftersales for Audi Canada. Meanwhile, the OEM also said Delucchi has been promoted to head of sales for China […] [Read More]

The Conference Board Consumer Confidence Index decreased in August after declining in July, too. But the latest consumer survey by Cox Automotive pinpointed what could reverse that course and potentially push retail vehicle sales and financing higher. In what might not come as a surprise to some managers, the possible tonic is another direct stimulus […] [Read More]