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]

One subprime auto finance company is absorbing much of the portfolio of another provider. On Thursday, Nicholas Financial announced today that it has entered into an agreement with Platinum Auto Finance to acquire approximately $19 million of Platinum’s active and performing portfolio.  According to a news release, this deal is the third bulk portfolio purchase […] [Read More]

CDK Global pivoted its operations this week by selling a segment to Ansira Partners, an independent global marketing services and solutions company. On Thursday, the company announced it has signed a definitive agreement to sell all assets of the company’s digital marketing business — including all advertising solutions and website services — to Ansira Partners. […] [Read More]