The latest TransUnion data gives crystal clear evidence to show just how much the auto-finance market has grown during the past three years. Analysts reported 2016 closed with 75.8 million contracts in portfolios. By the close of this past year, TransUnion discovered that figure of outstanding contracts grew to 83.8 million. When asked to offer […] [Read More]

Basketball star and “Inside the NBA” TV host Shaquille O'Neal surprised recipients from the Business Women Empowerment Project, or BWEP, with a recent donation of a 2020 Kia Sorento. BWEP, a non-profit organization focused on providing women with access to resources to explore and expand their businesses, plans to use the new car in conjunction […] [Read More]

Eric Autenrieth says ServNet’s participation in support of The Hourglass Foundation is two-fold. Autenrieth, who is chairman of the board for ServNet, said that across the United States, ServNet auction locations make cash donations to the foundation’s scholarship program for every Flexco vehicle sold at auction. ServNet has joined with remarketing partner Flexco Fleet Services […] [Read More]

Peter Mogk has strong feelings in favor of the independent auto auction business. “It’s extraordinarily exciting to be on the ground on auction days when vehicles are rolling, and guys are bidding,” said Mogk, who is senior partner for private equity firm Huron Capital. In his early days out of college, Mogk was a trader […] [Read More]

Tim Jackson says the mission of the Colorado Automotive Hall of Fame is to honor innovation, influence and contributions that Colorado dealers have made to the automotive industry and communities throughout Colorado. “Through the Colorado Automotive Hall of Fame, we honor the industry — past and present — and tell the stories of those who […] [Read More]

In this episode of the Auto Remarketing Podcast, senior editor Joe Overby talks with Seneca Giese, co-founder of Current Automotive, an online retailer of used electric vehicles. They talk about his remarketing and CPO background with Tesla, what sparked the idea for Current Automotive, the company's rapid growth and more. To listen to this episode, […] [Read More]

The Association of Finance & Insurance Professionals (AFIP) recently handed out its Jakob Murray Lange Memorial Scholarship. This year’s recipient honored during the annual Northwood University Dealer Education Awards breakfast at NADA Show 2020 in Las Vegas was Katie DeMarse, a Northwood University senior majoring in automotive marketing and management. The annual scholarship recognizes a […] [Read More]

Assurant is looking to help dealership employees in the finance department stay sharp. The company recently launched Virtual Coach, a simulated, interactive classroom experience as part of the Assurant Virtual Learning Platform. The new programs are from the Assurant Performance Institute, which includes in-person training for F&I employees. The Virtual Learning platform includes Assurant Virtual […] [Read More]

The retained value for all vehicles in Canada measured for this year’s 13th annual Canadian Black Book Best Retained Value Awards show that 4-year-old vehicles (2016 model-year) held what Canadian Black Book describes as “an astounding” 57% of original MSRP, industry wide. The company says that is the best-ever industry average retained value since the […] [Read More]

Gary Tucker says locating and recovering loaner vehicles is challenging for rental and fleet managers. But it is just as challenging for dealership operators, said Tucker, who is chief executive officer for Zubie, a connected-car platform and telematics data insights provider. “We are enthusiastic about our partnership with AutoMap, giving dealership general managers a proven […] [Read More]