ADESA has named new general managers at three of its auctions, for two in the United States and one in Canada. Starting with Canada, Matthew Creese is the new general manager at ADESA St. John’s in Newfoundland. In the U.S., Jeff Hyde is the new general manager at ADESA San Diego. At ADESA Northwest in Eugene, […] [Read More]

Fifty-seven percent of respondents to a recent survey say they service their vehicle more often than they see a doctor. Teeth don’t fare much better. Sixty-three percent of respondents to the national survey — conducted by Cars.com — say their vehicle service departments get more visits from them than their dentist. The main message of […] [Read More]

As the subprime auto finance company collected another workplace award, Credit Acceptance Corp. also announced an update this week involving its latest securitization. Credit Acceptance completed a $500.0 million asset-backed non-recourse secured financing.  Pursuant to this transaction, the company contributed approximately $625.1 million of loans to a wholly-owned special purpose entity that will pledge the […] [Read More]

Westlake Financial Services is looking to help dealership customers who have special needs when they make their next vehicle purchase while helping a business partner achieve the objective of “accessibility for all.” This week, Westlake announced a partnership with MobilityWorks, a national wheelchair accessible van provider, to offer financing to customers looking for wheelchair accessible […] [Read More]

The Oct. 1 edition of Auto Remarketing will celebrate the National Auto Auction Association's annual convention. One of the features in that special NAAA Convention Issue is the semiannual “Spotlight on Commercial Consignors,”  where we invite commercial consignors to have their listings included in a directory for the wholesale auto industry.  If you would like to be added […] [Read More]

Following his workshops during the Automotive Intelligence Summit this summer in Raleigh, N.C., truPayments chief executive officer Tarry Shebesta joined Nick for this episode of the Auto Remarketing Podcast. Shebesta revisited his presentation and elaborated about the concept of “credit first versus credit last.” The full discussion can be found below. Download and subscribe to […] [Read More]

ADESA has named new general managers at three of its auctions, for two in the United States and one in Canada. Jeff Hyde is the new general manager at ADESA San Diego. At ADESA Northwest in Eugene, Ore., Kjersta Loyd is the new general manager. And Matthew Creese is the new general manager at ADESA […] [Read More]

In a few special editions of the Auto Remarketing Podcast, we’re sharing some of the panel discussions and keynote presentations from the recent Automotive Intelligence Summit in Raleigh, N.C. Next up is a fireside chat between Maryann Keller & Associates managing director Jeremy Alicandri and Rick Borg, executive vice president of the Costco Auto Program. […] [Read More]

When Mazda vehicles roll over the curb at one of the automaker’s franchised dealerships, there’s now a likelihood the preceding floorplan and newly signed retail installment contract or vehicle lease likely will be connected to Toyota. According to a filing with the Securities and Exchange Commission posted on Wednesday, Toyota Motor Credit Corp. said it […] [Read More]

This week, AGORA Data added two new executives to its leadership team as the company positions itself to release a tool aimed at connecting dealers and the capital markets. The Texas-based provider of technology and financial solutions for the automotive industry announced that Chad Stilwell and Cade Cunningham have joined the company’s senior management team. […] [Read More]