ACV Auctions welcomed two new executives with vast experience from outside the automotive industry to support enhancements within the company’s financial operations and continued advancement of its workplace and culture. According to a news release distributed on Tuesday, the new chief financial officer at ACV is Bill Zerella and its vice president of people and […] [Read More]

Earlier this month, Manheim Logistics and DHL Supply Chain announced an exclusive partnership to help build “a more holistic transportation management system” with the goal of continuing to boost efficiency and transparency. Manheim Logistics, which facilitates about 10 million vehicle shipments annually through its Central Dispatch and Ready Logistics platforms, is turning to DHL Supply […] [Read More]

Dealership F&I personnel now have more training options from Assurant. The firm recently expanded its content library by adding 50 new “soft skill” modules to the Assurant Virtual Learning Platform, an on-demand eLearning system. “During these unprecedented times, we wanted to honor our promise to provide dealers with customizable and innovative solutions that will help […] [Read More]

For most consumers, they have a variety of options and carriers when it comes to insurance. For repossession agents, availability and choices aren’t so robust, because of the complexity of the business, among other factors. However, the landscape appears to be improving, as Renee Low from the Harding Brooks Insurance Agency explains during this episode of […] [Read More]

Tech startup Carsfast is positioning itself as a contactless and digital service to help consumers buy and finance their next vehicle. To provide strategic guidance and a progressive growth strategy, Carsfast on Tuesday announced the formation of its advisory board; a group that includes some of the most well-known figures in the industry. Chairing this […] [Read More]

The Consumer Financial Protection Bureau issued a consent order in the auto-finance industry for the second time in less than a month; this time with Nissan’s captive. According to a news release distributed on Tuesday, the bureau said it found several violations by Nissan Motor Acceptance Corp. (NMAC) in connection with vehicle repossessions, including: — […] [Read More]

Mirroring the trend in the new-vehicle market, interest in the used-vehicle market has gone up since the start of the COVID-19 pandemic. Media planning company Comscore analyzed online used-car marketplace Carvana, noting that 58% more visitors viewed the Carvana site than one year earlier. Comscore also stated a “sustained lift” has taken place from the […] [Read More]

Within a month of announcing plans to roll out an app to take advantage of consumers’ growing interest in vehicle subscriptions among other online activities, LMP Automotive Holdings made another significant move to get deeper into the dealership world. On Monday, the e-commerce and facilities-based platform for consumers who desire to buy, sell, subscribe for […] [Read More]

Manheim has expanded its mobile auction network, with a new mobile sale launching Wednesday in Rochester, N.Y. The company is conducting the Manheim Rochester site in partnership with Bob Johnson Automotive Group. Manheim Rochester, which was previously Central Auto Auction, is the auction company’s first physical presence in the area. (A Manheim spokesperson confirmed that […] [Read More]

Tex Earnhardt loved children and was passionate about setting them up for success. He was only 20 years old when he started Earnhardt Auto Centers in Chandler, and he went on to lead the business for 60 years. Earnhardt died in April, and Earnhardt Auto Centers, a multi-generational family business with 21 dealerships representing 17 […] [Read More]