KAR Auction Services is responding to another request from its Canadian dealer customers who scour the salvage space. On Thursday, Impact Auto Auctions and Automotive Finance Corp. (AFC) announced the launch of real-time, convenient, seamless financing and buying options for Impact Auto Auctions customers. Impact Auto Auctions buyers can now view their available AFC credit […] [Read More]

The damp chill of Michigan in December didn’t prevent Insurance Auto Auctions from celebrating this week. The business unit of KAR Auction Services opened of its new facility in Flint, Mich. The new branch is IAA’s third strategic location serving the northern Midwest market of Michigan. The site boasts a new state of the art […] [Read More]

PureCars announced the launch last month of a multi-channel attribution platform for car dealers known as Signal Pro. The cloud-based platform is designed to give dealers insight on how digital media impacts shopper behaviors and car sales. It can provide auto-specific attribution modeling, sales data and inventory data. The Signal Pro tool aims to identify the […] [Read More]

Long gone are the days of vehicle engines with carburetors and car radios only capable of tuning AM stations. Technology dominates the convenience and safety features of modern vehicles. With Edmunds set to announce tech-driven awards next month, Autotrader put together its list this week of the Best New Automotive Technology for 2019. Autotrader editors […] [Read More]

Along with an enhanced partnership with General Motors, Enterprise Holdings this week announced the promotion of Christine Taylor to president and chief operating officer and the promotion of Carolyn Kindle Betz to president of the Enterprise Holdings Foundation. The move makes both senior executives among the highest-ranking women in the car rental, automotive and travel […] [Read More]

Along with analyzing how dealership values are changing, one transaction involving the Ken Garff Automotive Group highlighted the Q3 edition of The Haig Report released this week by Haig Partners. The report indicated the number of private dealerships that sold in the U.S. increased 26 percent year-over-year, rising from 84 to 106. In one large […] [Read More]

Hearst Autos has a new chief executive officer. Named to the post was Matt Sanchez, who comes over from Say Media, a company he co-founded and served as CEO. Hearst Autos includes such properties as Jumpstart Automotive Media, Car and Driver, Road & Track and the Blend Line. Hearst Magazines president Troy Young made the […] [Read More]

According to an international IBM study, about three-fifths of auto executives think blockchain will disrupt the car business by 2021, but the findings of the study also show that the industry might not yet be prepared. Still, next year could show some growth in blockchain usage in the auto industry, a business where “huge potential” exists […] [Read More]

If contract holders already were 30 days behind on their installment payment when Halloween arrived, they now might be up for repossession, especially in the 20 states that Experian identified as having a 30-day delinquency rate above 2 percent at the end of the third quarter. According to Experian’s State of the Automotive Finance Market […] [Read More]

In an age where so much communication now occurs via email or an even faster text message, a hand-delivered letter from an industry association quickly generated a phone call from the new director of the Consumer Financial Protection Bureau. That hand-delivered letter from the National Association of Federally Insured Credit Unions on Tuesday prompted new […] [Read More]