GSFSGroup has a new leader. The provider of F&I products, training, dealer development and reinsurance structures to the automotive industry named Guy Koenig as president in a move that was effective on Feb. 27. Throughout his professional career, GSFSGroup highlighted that Koenig has focused on sales and account management, reinsurance, operations, compliance and legal functions […] [Read More]

Marking its eighth market in Ohio, e-commerce platform Carvana launched in Dayton. The move continues Carvana’s recent flurry of launch activity. The company announced in February that it opened in its 100th market— in Savannah, Ga. — as well as in five Northeast markets. Prior, in January, it announced it was launching in five New […] [Read More]

Expanding its operational footprint in western Kentucky, online vehicle auction company Copart has acquired what it describes as “a leader in the remarketing of total-loss and fleet vehicles in the western Kentucky region for over a decade.” Copart’s acquisition of Vincent Auto Solutions in Greenville, Ky., adds a “strong local management team with long-standing customer […] [Read More]

Another month has passed. That must mean another record high for Canadian used-vehicle values. That’s right: The positive trend for the Canadian market that started in the summer of 2010 continues. Canadian Black Book’s Used Vehicle Retention Index posted a January result of 105.2. This is the highest level for the index — which tracks […] [Read More]

Based on sales reports shared with Auto Remarketing Canada, at least three automakers had their best Februaries ever for certified pre-owned sales in Canada.  One of those was Porsche, which moved 169 units, same as last year. Year-to-date CPO sales are at 318, up from 312. Last month was also the best February ever for Volkswagen. […] [Read More]

Before a state or federal regulator knocks on your door or delivers a message to your inbox, Ignite Consulting Partners wants your shop to be prepared. The firm, which advises finance companies, dealers and other lenders on compliance, cybersecurity, process improvement and how to leverage technology to drive efficiency and performance, is hosting an intense, […] [Read More]

The Canadian auto industry, be it retail, remarketing or finance, is full of young men and women who have achieved massive success at an early age. And for the fifth consecutive year, Auto Remarketing Canada is excited to honor many of those individuals in “Remarketing’s Under 40.” Thank you to all who submitted nominations. While […] [Read More]

Our series of episodes originating from the Vehicle Finance Conference hosted by the American Financial Services Association continues with a conversation including Craig Stokum, who is director of sales in automotive for ID Analytics. Nick asked ID Analytics about alternative data and how it can be leveraged by auto finance companies to enhance underwriting, especially […] [Read More]

CarMax is about to go on a hiring spree in Georgia. For its new customer experience center opening in Peachtree Corners this summer, the used-car retailer plans to hire customer experience consultants, assistants and managers to work at the location and will also hire for approximately 200 customer service positions over the next 12 months […] [Read More]

It was the last quarterly earnings call in which Mike Jackson will be the sitting chief executive of AutoNation, but not one without the usual candid, opinionated and ultimately insightful commentary from the longtime CEO. During the Q&A portion of the February call, an analyst encouraged Jackson to remain a “vocal” presence in the car […] [Read More]