Turner Acceptance is bringing on some technology reinforcement to help the subprime auto finance company navigate its way through underwriting during the coronavirus pandemic. This week, Turner Acceptance finalized a strategic partnership with TurboPass to leverage its universal income validation solution and find more details about consumers’ ability to pay on that retail installment contract. […] [Read More]

Manheim Canada announced last week that it would be launching a service to disinfect and treat vehicles sold through the company’s simulcast auctions to help prevent customer exposure to COVID-19 and other viruses. The Manheim Vehicle Disinfection Service started June 29 and is available at all of the company’s auctions throughout Canada. The service uses […] [Read More]

Allegations triggering a consent judgment surfacing back in May involving an Arizona independent dealership and the state’s attorney general could serve as a stern reminder of what compliance expert Randy Hendrick suggested to operators, especially when retailing vehicles classified “as-is.” Among the seven deceptive practices alleged by attorney general Mark Brnovich against Dependable Auto of […] [Read More]

The coronavirus pandemic is accelerating consumers’ recognition of more favorable financing terms in connection with used vehicles among other benefits of acquiring a pre-owned model instead of a new car. That’s among the latest findings shared on Tuesday by Edmunds, which asserted that current unique market conditions due to COVID-19 could be driving more consumers […] [Read More]

KAR Global announced three leadership promotions across its wholesale-market enterprise on Tuesday morning. The new appointments include Mike Caggiano as executive vice president of U.S. operations at ADESA, Scott Meyer as vice president of reconditioning services and finance at ADESA, and Richard Carpentier as head of inspection solutions at KAR Global. In explaining the moves, […] [Read More]

ACV Auctions has reeled off two straight months of best-ever sales for the digital auto marketplace, while also notching several other milestones in June. In May, ACV sold 31,350 of 45,000 unique wholesale units listed, then followed that up by selling 40,242 of 53,000 units in June. “It’s now apparent that the shift to digital […] [Read More]

In this episode of the Auto Remarketing Podcast, Cherokee Media Group president Bill Zadeits chats with Copart vice president and head of marketing Michelle Hoffman and Yoker Vidal, who is the senior director for Copart's non-insurance division. They discuss how being online for 17 years helped the company once COVID-19 hit and how Copart has […] [Read More]

While no financial endeavor is invincible, it turns out the brand and business acumen of actor/producer Mark Wahlberg might be the perfect storm for success in the auto industry. It was announced Monday that Wahlberg and his business partner, car dealer Jay Feldman, have purchased a Buick-GMC store and an RV/Airstream store in Columbus, Ohio that are across […] [Read More]

Auction Academy is carrying on with its training program, but participants will be relegated to computer screens for the remainder of the year. Auction Academy president Penny Wanna announced on Monday that its current Class 6 Group will gather via a virtual classroom. Furthermore, the group’s previously scheduled quarterly meetings for 2020 are being replaced […] [Read More]

The Advantage Rent a Car bankruptcy gave SIXT a chance to enhance its U.S. footprint for renting its premium fleet of vehicles. According to a news release distributed just before the holiday weekend, a Delaware bankruptcy court approved SIXT taking over 10 airport branches in the United States from Advantage Rent a Car. Starting most […] [Read More]