The Auto Intel Council (AIC) will be hosting a press conference at this month’s NADA Show 2019 featuring leaders from KAR Auction Services, MBSi Corp. and Maryann Keller & Associates. The press conference is scheduled for 1 p.m. (PT) on Jan. 25 in room 102 South at the Moscone Center in San Francisco.  After a […] [Read More]

Agero Inc., a provider of software-enabled driver assistance services for automotive manufacturers and insurance providers, appointed Bill Gerraughty as chief financial officer, responsible for all finance and facilities functions. Gerraughty’s addition follows the December announcement of new chief operations officer George Horvat. Reporting to chief executive officer Dave Ferrick, Gerraughty will oversee Agero’s financial strategy. As […] [Read More]

The National Auto Auction Association said Friday it has promoted Tricia Heon to the new position of chief operating officer. She has served as legislative director and operations manager for eight years. The transition was effective as of Jan. 1. The association also elected Julie Picard vice president for the 2018-2019 term, and she will […] [Read More]

According to a HomeNet Automotive research study, 83 percent of dealers believe they can increase turns if they improve online merchandising, but only 10 percent thought their online presence was highly differentiated. In response, the newest inventory merchandising tool from HomeNet is designed to respond to how much dealerships — and their potential customers — […] [Read More]

Matt Gibson, vice president of reinsurance sales for Protective Asset Protection, joined Nick to discuss one of the more complicated subjects ever broached on the Auto Remarketing Podcast. Gibson explained the potential ramifications on dealerships’ F&I profit stemming from initial decisions associated with passive foreign income in connection with non-controlled foreign corporations (NCFCs). It has all […] [Read More]

On Friday, KAR Auction Services announced an addition to the management team for one of its business units, Recovery Database Network (RDN). Joining the provider of specialized software and data solutions to customers across the repossession and disposition value chain as vice president of business development is John Sibbitt. The company highlighted Sibbitt brings eight years […] [Read More]

The team at 700Credit this week rolled out a new solution built to identify and combat synthetic fraud using a suite of synthetic identity detection rules to prevent criminals from continuing to hide behind false identities. The provider of credit reports, compliance solutions, prescreen and consumer pre-qualification products and services explained that its synthetic fraud […] [Read More]

It’s already been an eventful 2019 for the XLerate Group. The auction company announced a pair of acquisitions on Friday, adding Morton Auto Auction (MAA) located in Morton, Ill., and Southeastern Auto Auction (SEAA) based in Savannah, Ga. With these acquisitions in the portfolio, XLerate Group now operates 12 auctions with sales in California, Florida, […] [Read More]

Exeter Finance is going public, joining providers such as Credit Acceptance and Consumer Portfolio Services as specialists in subprime auto finance that also sell public shares. The Texas-based company that began originations in April 2006 filed paperwork this week with the Securities and Exchange Commission for an initial public offering that Exeter hopes to generate […] [Read More]

New technology will provide an enhanced music experience for Lincoln drivers, including the ability to tap into more than 60 million songs and curated playlists at their fingertips. Lincoln owners with SYNC 3 with AppLink compatible vehicles and an iOS device can now access the TIDAL app via the in-car console. That is because of a new collaboration […] [Read More]