Insurance Auto Auctions’ latest expansions, at branches in five states, add more than 110 acres to the company’s footprint in Alabama, Arkansas, Minnesota, New York and Texas. In other auction news, Auction Management Solutions, which provides consulting services to automotive industry clients including independent auto auctions, has added Bloomsburg Auto Auction in Bloomsburg, Pa., as a […] [Read More]

PSA North America’s Free2Move Carsharing Services launched late last year, calling itself a “free-floating carsharing company” in Washington, D.C. with no reservations required. Users can end their trip at any metered or residential parking area, and insurance and gas are included. The company said on Wednesday that it has reached a new milestone: 10,000-members. PSA’s […] [Read More]

PointPredictive's latest fraud-prevention solution contains literally millions of ingredients. This week, the company launched Auto Fraud Alert, a new solution that’s designed to help finance companies better identify risk prior to funding. The solution can deliver what PointPredictive called an “unparalleled” level of insight with more than 100 new alerts and red flag indicators based […] [Read More]

With the possibility that student-loan debt could push a potential buyer into the subprime credit tier, one automaker is rolling out a program to assist those consumers. In building on its brand promise to make things better for customers, Hyundai this week introduced Student Assurance, an incentive for customers with student loan debt. The OEM […] [Read More]

ACA International questioned a proposal to regulate telephone communications from the U.S. House Energy and Commerce Committee chairman based on the assertion it could do more harm than good. The organization that brings together third-party collection agencies, law firms, asset buying companies, creditors and vendor affiliates explained the potential House legislation would sweep illegal robocalls […] [Read More]

Experian sees the productivity enjoyed by OneMain Financial as an example of what the Experian Ascend Technology Platform can do for auto finance companies and other firms involved in financial services. Experian said that today’s successful businesses rely on the latest market intelligence and the most up-to-date consumer insights. Since launching less than 18 months […] [Read More]

The planned spin-off of the Insurance Auto Auctions business from KAR Auction Services reached what KAR’s chief executive called “an important milestone” this week. The Internal Revenue Service provided KAR a favorable private letter ruling regarding the tax-free status of the IAA spin-off, KAR said in a news release Monday. “This favorable tax ruling is […] [Read More]

A 2018 independent vAuto research study found that dealers make 22 trades per month on average. But 17.7 percent of those trades are a loss, according to dealer self-reported data.  vAuto, which is part of Cox Automotive, said that new functionality from its Conquest platform helps dealers make informed decisions on every inbound trade. New […] [Read More]

Each year, Training magazine publishes a Training Top 125 list, assessing companies’ work in areas such as how closely training and development efforts are linked to business goals and objectives. For its 2019 list, the magazine recognized Sonic Automotive, placing it sixth out of 125 organizations. Sonic Automotive has now placed in the awards program’s […] [Read More]

In 2017, Carvana opened in its first California market, which the used vehicle e-commerce platform’s founder and chief executive officer Ernie Garcia called, “a significant milestone in our coast-to-coast growth.” On Tuesday, Carvana announced the launching of three new California markets: Stockton, Modesto and Vallejo. “To now bring the new way to buy a car to […] [Read More]