A new Concord, N.C., location for global online vehicle auction company Copart will be its sixth North Carolina site. The company said the opening of the location is a “response to the increasing demands of automotive buyers and sellers.” The new location will serve the Concord community by creating new jobs, Copart president Jeff Liaw […] [Read More]

North Bay Auto Auction in Fairfield, Calif., is the newest member of ServNet Auction Group, and ServNet president Bruce Beam is happy that the group will be represented by the auction in “the all-important Northern California/San Francisco Bay Area market.” Don Morrow founded North Bay Auto Auction in 1993 as a public auction facility. It […] [Read More]

Open Lending recently added a pair of new executives, who combine to possess more than 30 years of industry experience. The provider analytics, risk-based pricing and automated decision technology for credit unions and other auto finance companies hired Brice Beard as vice president of captives and finance and Alan Coursey as regional vice president of […] [Read More]

As a result of a partnership between SureSale and AAA Club Alliance, a new program will allow auto dealers to brand used-vehicle inventory as “AAA Inspected.” The program is scheduled to launch initially in Kansas and Oklahoma. AAA Inspected vehicles have passed a background check and come with a clean title, a 150-plus point vehicle inspection, a […] [Read More]

Next up on our series of Auto Remarketing Podcast episodes from NADA Show 2020, CARFAX public relations director Emilie Voss and general manager of data Faisal Hasan join the show. They talk about the company's inaugural Top Rated Dealers list, how dealers are helping to remedy unrepaired recalls and the expansion of the CARFAX business model in […] [Read More]

Holman Consumer Services president and chief executive officer Brian Bates says St. Louis Motorcars is widely regarded as a top destination for premium automobiles and has a track record of bringing “a curated experience that is truly worthy of these world-class luxury brands.” On Thursday, Holman Automotive announced it had acquired St. Louis Motor Cars, […] [Read More]

George Chamoun sits in a covered office in ACV Auctions’ booth at NADA Show 2020 in Las Vegas, with three vehicles and a buzz of dealer activity in the company’s booth space outside the door. The ACV chief executive officer recalls his first NADA convention, which happened three years ago and some 1,800 miles away […] [Read More]

S&P Global Ratings indicated the U.S. auto loan asset-backed securities (ABS) market remained “healthy” last year and started 2020 on “solid ground.” But a separate report from Kroll Bond Rating Agency (KBRA) showed auto loan ABS credit performance softened in January, as net losses and delinquencies rose in both KBRA’s Prime and Non-Prime Auto Loan […] [Read More]

In January 2019, The Ed Morse Automotive Group purchased seven Dallas-market franchises and was impressed with its acquired workforce, said Ed Morse Automotive Group chairman and chief executive officer Teddy Morse. Morse said his company was also impressed with the franchises’ “local passion for cars and how warmly we were welcomed to the community. “It […] [Read More]

KAR Global chief client officer and longtime auction industry executive Tom Caruso plans to retire this month, the company announced Wednesday. Caruso’s four decades in the auction business has included time as ADESA’s president and chief executive officer, its chief operating officer and president of the National Auto Auction Association, among other posts. “Tom is […] [Read More]