DealerSocket has added Kim Brink, a former executive at General Motors, to its board of directors. The company announced Wednesday that Brink, who is the current global chief operating officer at Global Team Blue (GTB), brings 20-plus years of experience from GM. “We welcome Kim’s deep understanding of the automotive industry, her strategic mindset, and […] [Read More]

AutoNation’s net income from continuing operations rose 11 percent to $97.4 million in its second quarter, aided by its used-vehicle operations, the company reported. AutoNation CEO Mike Jackson credited the record number of “nearly new” off-lease vehicles returning to the market with underpinning used-vehicle sales at AutoNation and other dealership groups.  “You have 4 million […] [Read More]

Two well-known names in the financial services arena in Canada will continue to collaborate. Equifax Canada recently announced that it has extended a long-standing partnership with FICO to distribute FICO scores to lenders and other businesses in Canada. Building on a partnership of nearly 30 years, the companies highlighted that the agreement renews a commitment […] [Read More]

Kijiji Canada announced Monday that it has grown its leadership team with three leadership position appointments of three folks who have been named in Auto Remarketing Canada's Remarketing's Under 40 — two from this year and one from 2015. The company announced Monday that it has named Will Harris the national head of sales, autos; hired Rohit Jaitley to serve as national head […] [Read More]

PAR North America recently held an event to honor 15 of the best repossession operations in the country and generated funds to help agents who sustain negative consequences that sometimes come with the job. The business unit of KAR Auction Services handed out accolades for Agent of the Year, Resolution and Compliance Champion and various […] [Read More]

For a third consecutive year, ADESA Winnipeg has been named the National Auto Auction Association’s Eastern Chapter Auto Auction of the Year, in recognition of its staff's notable public service efforts. NAAA announced Thursday that the auction was chosen for successfully organizing 25,000 people to raise $5.2 million in donations and its involvement in over 55 […] [Read More]

With the help of predictive analytics, dealers who use Naked Lime Marketing’s (NLM) XtreamService can now access added predictive insights concerning leads. NLM announced Tuesday that it has upgraded its XtreamService equity mining service — a General Motors (GM) iMR-eligible offering — to provide clients more reliable predictions when it comes to customers' future purchasing behavior. This […] [Read More]

Over the past year, the handling of personal property and redemption fees has become one of the hottest compliance topics in the industry. It is on the radar screen of virtually every auto finance company in the country, as well as the regulators. Most of this interest is sparked by Consumer Financial Protection Bureau concerns […] [Read More]

He might be one of the most well-known individuals within the repossession and recovery industries. And it’s not just because of his stylish cowboy hat and boots. Alex Price, better known as the “Skip Guru” and director of risk solutions at Digital Recognition Network (DRN), sat down with Nick Zulovich for a conversation during this year’s […] [Read More]

Validating a customer’s income and other financial information is one of the most important parts of underwriting. Start-up company TurboPass, which is powered by FormFree, says its tool can eliminate the hassle and risk associated with traditional asset and net income verification. For this episode recorded during the annual conference hosted by the National Automotive Finance […] [Read More]