National Auto Auction Association president Laura Taylor said Mike Browning has played a strong role in many industry programs, and she said he has been “a quiet force behind the scenes in his leadership with NAAA's Executive Committee.” In recognition of his various contributions to the industry and association, NAAA has named Browning a Warren […] [Read More]

Porsche Cars North America has launched its new pre-owned and certified pre-owned vehicle search platform, which it says is its latest step toward fast-tracking its e-commerce strategy to meet growing customer demand for digital access to the brand. PCNA said the platform, called Porsche Finder, includes optimized search filters for model and generation. It also […] [Read More]

S&P Global Ratings is keeping an even closer watch on subprime auto financing with the coronavirus pandemic still paralyzing the economy. This week, the firm placed its ratings on 33 classes of U.S. subprime auto ABS ratings across 26 transactions from 10 originators on CreditWatch with negative implications, following analysts’ review of all ABS transactions […] [Read More]

Kenny Atcheson is the founder and president of Dealer Profit Pros, which designs marketing and advertising programs for dealerships. Atcheson also is quite fond of baseball. During this episode of the Auto Remarketing Podcast, Atcheson told senior editor Nick Zulovich about how dealerships should not stress over trying to “hit home runs” with their advertising […] [Read More]

Inmotive, which produces the patent-protected Ingear two-speed transmission for electric vehicles, has closed a $7.5-million Series A round of funding. For Toronto-based Inmotive, the investment means the company is a step closer to helping plug-in electric vehicles become lighter and less expensive in addition to improving their range and performance. Existing investor Up Capital Ltd. […] [Read More]

The improvement in retail used-vehicle sales at franchised dealerships is now more rapid than the gains in their new-vehicle sales. And that’s helping to spur continued growth on the wholesale side of the pre-owned market, according to J.D. Power. This week’s J.D. Power Auto Industry Impact Report shows that used-vehicle sales at franchised dealerships so […] [Read More]

In a wide-ranging conversation, well-known finance-industry executive Daniel Parry, who now is the chief executive officer of TruDecision, joined Nick Zulovich for this episode of the Auto Remarketing Podcast to discuss his ongoing data analysis not only of auto financing, but also the reporting of COVID-19 cases on a state level. Parry also shared his […] [Read More]

John Kett says IAA has a long history of running a digital auction in companion with a live open auction. But Kett, who is chief executive officer and president for IAA, says the company over time conducted research and saw that customers increased their reliance on the company through digital means to bid on and buy cars. […] [Read More]

After what will have been eight years at the helm, National Automobile Dealers Association president and chief executive Peter Welch will retire at the end of the year, NADA announced Wednesday. The NADA Board of Directors appointed Welch to the post in January 2013 to replace Phillip Brady, its president from 2001-2012. With Welch retiring, […] [Read More]

Binary Automotive Solutions, which provides warranty, certification and maintenance programs that it says can help dealerships “sell more vehicles, hold more gross and retain more customers,” is extending its free marketing program for dealerships through May 31. The company is also shipping hand sanitizer to its California-area dealership clients that are reopening. With the free […] [Read More]