Coming off of a year when the company said it generated 40% growth on an annual basis, Loss Prevention Services announced plans this week for its new repossession management platform. The company highlighted that SysHub will provide a suite of administrative process and service enhancements that can offer a trio of functions, including: — Synchronize […] [Read More]

A nonprofit auto-finance organization launched in Dallas in 2013 and certified by the federal government received quite an injection of funding this week from Goldman Sachs. On the Road Lending announced on Tuesday that it received a loan of up to $10 million from the Goldman Sachs Urban Investment Group to fuel expansion of its successful […] [Read More]

Wantalease.com is looking ahead to one of the most romantic holidays on the calendar, not only reporting the most attractive lease offerings available in January but forecasting which red vehicles will be best to lease for Valentine’s Day. Site officials recapped this week that several manufacturers offered attractive discounts and competitive pricing on midsize cars […] [Read More]

Ernie Garcia says Carvana’s Minnesota expansion has been rapid, with back-to-back launches in the state. Those launches were in the cities of Rochester and St. Cloud. Garcia, who is Carvana founder and chief executive officer, describes Rochester as “a city built on innovative ideas and a people-first mentality.” The company announced the St. Cloud launch […] [Read More]

Automakers continue to spend billions on advanced vehicle features such as autonomous vehicle technology, assuming that consumers will pay a premium to gain access to those advanced technologies when they appear on the market, according to audit, consulting, tax and advisory services company Deloitte. However, results from the 2020 Deloitte Global Automotive Consumer Study show that […] [Read More]

As new vice president of sales and performance management for data and solutions provider Market Scan Information Systems, Joey Imparato will oversee sales strategy, product launch and dealership performance of Market Scan’s new digital retailing products. The company will release the products, mDesking 360 and mDrive SYNC, at the upcoming NADA show. The products help […] [Read More]

While it might be frigid again in places like the Midwest and Northeast, unexpected mild weather for a good portion of January prompted dealers to flock to the auction to get a jump on the spring market. Black Book’s newest Market Insights report discussed the resulting price trends and scenes from the lanes. “The used […] [Read More]

Once again, the top 10 models in Kelley Blue Book’s Best Resale Value Award Winners list are dominated by trucks. One exception is what Kelley Blue Book director of residual values Eric Ibara describes as the “much-hyped” 2020 Chevrolet Corvette.   “Without the imminent prospect of significantly higher gas prices, the used-car demand for trucks continues […] [Read More]

DealerSocket promoted one of its executives, announcing on Tuesday that Brad Kokesh is now general manager of Inventory+, the company’s inventory management software. Kokesh, who possesses more than 20 years of automotive industry experience, most recently served as a vice president of sales for DealerSocket. During his tenure with the company, DealerSocket said Kokesh has […] [Read More]

After serving as vice president of litigation and employment counsel for KAR Auction Services, Lisa Price became executive vice president of human resources for the company in 2013. That involved making the leap from a 14-year legal career to transforming “how the company and its business units look at, recruit, measure, develop and promote people,” […] [Read More]