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]

Allied Solutions, one of the presenting sponsors of Used Car Week 2018, now has a closer relationship with Location Services, which also just acquired commercial consignor Remarketing of America to enhance its risk management and other offerings to auto-finance clients. Allied Solutions, one of the largest providers of insurance, lending and marketing products to financial […] [Read More]

[UPDATED with Nissan and Infiniti sales] The year is three quarters of the way done, so here is a look at how certified pre-owned sales in Canada are faring through nine months:  Nissan increased its certified pre-owned sales from 584 in September 2017 to 765 last month. Through nine months, its sales have reached 6,994 […] [Read More]