During NADA Show 2019, Nick shared a conversation with ADESA Canada chief operating officer Trevor Henderson about how the wholesale market behaved in 2018. Along with assessing the volume migrating from Canada into the United States, Henderson also described how both dealerships and commercial consignors are making the most of their auction opportunities. The full […] [Read More]

An executive with nearly 20 years of experience with Consolidated Asset Recovery Systems and Dealertrack now is part of the leadership team at Servicing Solutions. The loan servicing organization specializing in primary and back up servicing announced on Wednesday that its new vice president of sales is Garrett Cline. “I’ve known Garrett for years, and […] [Read More]

With Cox Automotive experts suspecting that “credit will likely tighten as the appetite for subprime declines,” the company also shared the makes that have the largest penetration of subprime retail installment contracts and vehicle leases so far this year. Cox Automotive chief economist Jonathan Smoke reviewed the much-publicized data recently released from the Federal Reserve […] [Read More]

As the company announced its new Device-as-a-Service (DaaS) subscription business model, CalAmp chief executive officer Michael Burdiek explained the three main elements within the DaaS space that make it attractive and potentially profitable. In additional comments sent to Auto Fin Journal augmenting this week’s news release, Burdiek pointed out the revenue opportunities stem from a […] [Read More]

Making sure they buy the right used-vehicle inventory at the right price is just one issue that auto dealers face. They must also make sure that price brings them optimal profit and turn rate. J.D. Power and technology company CarStory had those dealer concerns in mind when they developed an app that they say provides […] [Read More]

While perhaps dealers might be seeing some instability at their stores, what they’re experiencing in the auction lanes appears to be the opposite based on what Black Book shared in its latest installment of the Market Insights report. Editors found that value decreases last week for both cars and trucks both landed within 5 basis […] [Read More]

Groupe PSA describes Peugeot as “an iconic, two-centuries-old brand.” With that in mind, the company has named Peugeot as its chosen brand in its move back into the North American market. The company stated that Groupe PSA will market Peugeot on five continents when it introduces the brand in North America. Groupe PSA further describes Peugeot as […] [Read More]

If you are part of the used-car retail or remarketing industry, you might know Ron Hope as the president and chief executive officer of Capital Automotive Reconditioning Services (better known as CARS Recon), a company he founded in 2002. Of course, Hope's background in the auto industry, according to a company bio, goes back a lot […] [Read More]

In a move aimed at development, launch and delivery of products and services, ADESA named Kurt Madvig vice president of product development. Madvig joined parent company KAR Auction Services in 2001 as an auction general manager to establish and develop ADESA Long Island in New York.  Soon after the launch of the Long Island location, Madvig joined […] [Read More]

Another cluster of family owned dealerships is departing the industry and selling to a larger group. According a to a news release distributed on Tuesday, Kerrigan Advisors represented and advised Minnesota-based Village Automotive Group in its sale of Lexus of Wayzata, Lexus of Maplewood and Village Chevrolet to Chicago-based Ed Napleton Automotive Group, which operates […] [Read More]