Paul Gillespie has been involved with banking and auto finance for more than 40 years. He was an executive at AmeriCredit when General Motors purchased the company 15 years ago to form GM Financial. Gillespie’s installment contract is about to reach maturity, so to speak, as he’s preparing for retirement this spring. He recently appeared […] [Read More]

Repossession volume in the wholesale vehicle market climbed the last three years and reached pre-pandemic levels in 2024, according to January data from Cox Automotive. After hitting 1.7 million units in 2024, annual repo volume at auction is likely to remain at that level through 2029, Cox predicts. Amid these sustained heights of repo volume making their way to wholesale channels comes an important reminder: the process a vehicle undertakes through recovery is “complicated and full of friction, with many business verticals playing roles in the same space, grinding gears.” ... [Read More]

Pick a recent list that recaps positive attributes about brands and vehicles, and you’ll likely find Toyota, Tesla and Honda at or near the top of those highlights. Now you can add Black Book’s first Brand Value Index (BVI) of 2025 to those evaluations. Toyota led the way followed by Tesla and Honda in the […] [Read More]

PureCars is again at the top of Google’s list. The customer data and marketing platform for auto dealers, has been named as a 2025 Google Premier Partner, the highest tier of the Google Partners program. PureCars said Google awards the Premier Partner designation to the top 3% of Google Partners participants in their countries, recognizing […] [Read More]

Greater Rockford Auto Auction’s 51st birthday party will be a big one. The independent auto auction in Rockford, Ill., will celebrate with a two-day GRAA’lapalooza Anniversary Sale, set for June 24-25. The event will feature a concert by American alternative rock band Gin Blossoms, whose 1992 major label debut album, New Miserable Experience, produced the […] [Read More]

Dave Cantin Group announced it has promoted chief business and strategy officer Brian Gordon to president of the company and its related businesses. In a news release, the mergers and acquisitions advisory company said Gordon, who has been with the company for two years, is tasked with leading the “ongoing evolution of the DCG business […] [Read More]

As part of the inaugural Automotive Intelligence Awards, Cherokee Media Group is honoring a select group of outstanding auto industry analysts for their contribution to the knowledge base of the used-car retail, finance and remarketing industries. Next up on our series of podcasts with these first-ever honorees in the Automotive Intelligence Awards: Industry Analysts program […] [Read More]

Credit Union Leasing of America (CULA) announced on Monday that it has been selected by FORUM Credit Union to bring the benefits of vehicle leasing to FORUM’S more than 160,000 credit union members across 15 branches in Indiana. This partnership continues CULA’s extension of its national footprint and marks its largest credit union collaboration in […] [Read More]

On Monday, Wolters Kluwer named Lisa Nelson as CEO of its financial and corporate compliance (FCC) division. The move is effective March 31. The provider of information solutions, software, and services for professionals highlighted that Nelson has more than 25 years’ experience in financial services data analytics and fintech businesses, most recently at Equifax, where […] [Read More]

During tax season, the auto-repossession sector typically sees a dip in repossessions as customers receive additional cash and pay down their obligations. Recent data from Fitch Ratings and the Federal Reserve Bank of New York indicate a concerning rise in auto loan delinquencies, escalating household debt, and diminishing consumer savings, signaling potential stress in the […] [Read More]