In this edition of the Auto Remarketing Podcast, we continue with our special episodes recapping panel discussions from Used Car Week. Next up is a panel on "Remarketing for Today’s Customer." Moderated by Dan Kennedy of Jack Cooper Logistics, the panel includes Jason Alba of Ally, Tom Cornellier of Ford, Tyler Corder of Findlay Automotive Group, […] [Read More]

In naming Cassie Crampton director of sales training and Ed Andrews as senior director of major dealer accounts, Automotive Finance Corp. has created two new positions that AFC president Jim Money said is for the purpose of “devoting specialized resources to the field and leveraging the experience and industry relationships of two tenured members of […] [Read More]

Editor’s note: This commentary is the first in a series compiled by Joel Kennedy, who is the current president of the National Automotive Finance Association and chief operating officer at TruDecision, looking at the intricacies of repossessions and recovery. The industry that locates borrowers and collateral, recovers collateral and handles liquidation on behalf of lenders […] [Read More]

A slight dip in the Canadian Black Book Index arriving in December did little to take away from the record-setting year for the wholesale price measurement. Coming off the record of 108.5 being set in November, Canadian Black Book reported this week that the index edged just 0.1 point lower in December to land at […] [Read More]

Nationwide is trying to address the challenges faced by human services organizations that try to keep a close eye on fleet vehicles and driver performance that not only can be critical for ensuring client safety, but also can boost business performance and reduce costly interruptions. The insurance company acknowledged the technology needed to track vehicles […] [Read More]

New research from Genpact showed there’s no doubt commercial banks are using artificial intelligence (AI). In fact, the global professional services firm focused on delivering digital transformation reported 97% of commercial banks leverage AI. However, Genpact also discovered most financial institutions are not implementing the technology effectively for competitive advantage. More than half of the […] [Read More]

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]