A little more than three years after announcing an aggressive growth plan based on a strategy to add a significant number of dealership customers throughout the United States, Security National Automotive Acceptance Company (SNAAC) is departing the auto-finance business. A news release sent to SubPrime Auto Finance News late on Wednesday afternoon said SNAAC will […] [Read More]

PCG Digital is a marketing agency for automotive dealers that provides SEO, SEM and social media advertising services that aim for greater efficiency and effectiveness from digital media investments. SpinCar is a digital automotive merchandising software company, and it says thousands of dealers use its platform to offer engaging experiences to online car shoppers. Now, […] [Read More]

Steven Starks has been with Larry H. Miller Group of Companies since 2007, but since 2015 for the company, he has been president of the NBA’s Utah Jazz and LHM Sports & Entertainment, which are part of the overall company.  Also in his role as president, his responsibilities included oversight of the Salt Lake City […] [Read More]

Vehicle marketplace IAA says the expansion of its McAllen, Texas, branch doubles the branch’s capacity, in part to further manage potential volume that comes from catastrophic weather events in the area. IAA and Copart announced expansions on Tuesday, as Copart said its addition of 35 acres to its existing Memphis, Tenn., 46-acre facility provides the company […] [Read More]

Bruce Thompson was part of a team in 2001 that says it introduced inventory management tools with American Auto Exchange that year, followed by several other inventory-focused companies. On Tuesday, a Thompson-led team launched CarOffer, which it describes as the retail automotive industry’s first instant wholesale vehicle trade platform. CarOffer said its platform addresses challenges […] [Read More]

In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features.  Next up is Lisa Scott, president of PAR North America.  Auto Remarketing: What are some of the top challenges/needs right now that […] [Read More]

In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features.  Next up is Mark Endras, chief technology officer and co-founder of TradeRev. Auto Remarketing: TradeRev brought artificial intelligence to its platform via […] [Read More]

With this past week marking roughly about a third of summertime unofficially remaining, the juncture also represented a span when values for both cars and trucks softened at greater rates than earlier in the season, according to the newest Black Book Market Insights report. Based on volume-weighted information, analysts discovered overall car segment values decreased […] [Read More]

One of the most important parts of the entire auto-finance process is collecting payments. And the Federal Reserve is looking to help with that crucial process. The Federal Reserve Board on Monday announced that the Federal Reserve Banks will develop a new round-the-clock real-time payment and settlement service, called the FedNow Service, to support faster […] [Read More]

As an evaluation firm articulated the top seven steps to follow within a software development life cycle, a provider of cloud-based software solutions for all financial institutions announced the results of its latest survey focused on the need for artificial intelligence (AI) in auto financing. Inovatec Systems Corp. released its study findings this week that […] [Read More]