GWC Warranty is quite bullish on the subprime auto finance space. The provider of used-vehicle service contracts sold through dealers went so far as to say that it’s “primetime for subprime” in a recent blog post. “Subprime deals bring with them a unique set of challenges,” GWC Warranty wrote in this online offering. “Whether it’s […] [Read More]

Following an 11-week “summer bounce” in Manheim Market Report prices, September ended up being the third consecutive month of record used-vehicle values, according to Cox Automotive's news release and analysis accompanying the latest Manheim Used Vehicle Value Index. And though weekly prices evened out during the month, analysts are still expecting lofty used-vehicle prices to […] [Read More]

Now five years after revitalizing its event at the nation’s capital, the National Independent Automobile Dealers Association is seeing significant dividends from its political investment. NIADA recently completed another successful National Policy Conference with its annual Day on Capitol Hill, widening and strengthening the foothold the association has established in Washington D.C. NIADA revived its […] [Read More]

Mike Broe, the president and chief executive of Auto Auction Services Corp. and a longtime fixture in the remarketing business, will retire at the end of the year. The company, typically referred to by the AutoIMS moniker, said Friday that Broe would retire on Dec. 31, with AutoIMS chief operating officer Venkat Krishnamoorthy leading the […] [Read More]

RVI Group elevated one of its experts this week to lead its passenger vehicle insurance and analytics businesses. Now under the leadership of Wei Fan, the firm announced its passenger vehicle insurance and quantitative analysis teams — which partner closely on business development and operations of RVI Analytics — are being consolidated. The company explained this move will […] [Read More]

Servicing Solutions and masterQueue are both involved with Repo Con at Used Car Week 2018 — Education, Celebrations, Technology and Connections — and now the companies are partnering to help finance companies with collections, too. Servicing Solutions, which specializes in primary and back up servicing, on Friday announced that it is partnering with masterQueue to […] [Read More]

Both Spireon and AUL Corp. added to their award collections this week. Spireon was named Internet of Things (IoT) Innovator in auto dealer management by Compass Intelligence for 2018. And AUL was named winner of both a Gold and Bronze Stevie Award in the Employer of the Year category at the third annual Stevie Awards […] [Read More]

A sampling of results shared by automakers in news releases or via email shows a mostly positive September for the certified pre-owned car market. Kia, for example, said it sold 6,201 certified vehicles in September, up from 5,777 a year ago.   Volvo, meanwhile, said it increased its CPO sales by 35.5 percent year-over-year, moving […] [Read More]

SpinCar now has more financial resources to enhance its marketing solution for dealer inventory. The digital automotive merchandising software provider announced on Thursday that it has closed a $22 million financing round led by Wavecrest Growth Partners, with participation from auto and tech industry veterans David Metter and Harpreet Grewal. SpinCar highlighted the new capital […] [Read More]

The American Bankruptcy Institute noticed that filings slowed as the third quarter closed. According to data provided by Epiq Systems, total U.S. bankruptcy filings totaled 57,569 in September, down 4 percent from last September’s figure of 60,050. Officials pointed out the 54,786 consumer filings in September also represented a 4-percent decrease from the September 2017 […] [Read More]