HGreg.com has opened a new flagship location in Orlando, Fla., that sits on more than 15 acres of land. The recent opening of the company's largest dealership to date comes just ahead of the company's plans to open a fifth store that is currently under construction in North Miami. Along with having service and maintenance centers, the company announced Wednesday that […] [Read More]

Jumpstart Automotive Media shared data with Auto Remarketing on Wednesday about how much vehicle-shopping activity dropped off within the path of Hurricane Florence. With potential buyers likely watching for warnings about torrential rains and flooding, Jumpstart examined shopping activity over the past seven days, compared with metrics recorded during the previous four weeks. According to […] [Read More]

Auction Management Solutions (AMS) expanded its client portfolio again earlier this month. Now leveraging the firm for business development consulting is Lake Charles Auto Auction (LCAA) located in Lake Charles, La.   Established in 1991, Lake Charles Auto Auction was started by Mike Pedersen as a two-lane night sale, catering to independent dealers in the area. […] [Read More]

Here is some good news for auto finance companies involving ongoing concern about fraudulent paper ending up in their portfolios. The operators of websites that sold fake documents used to facilitate identity theft and other frauds have agreed to permanently shut down their businesses as part of separate settlements with the Federal Trade Commission. In […] [Read More]

S&P Dow Jones Indices and Experian determined this week that August defaults remained within the 7-basis-point range analysts have seen for this particular month during the past four years. According to data through August for the S&P/Experian Consumer Credit Default Indices, the auto finance default rate increased 2 basis points on a year-over-year basis to […] [Read More]

Podium has been named to Forbes’ 2018 Cloud 100 list, which is made up of a group of 100 private cloud companies from across the globe that lead their industries in revenue, sales growth, valuation and culture. In its third year, the list of top 100 private companies in cloud computing in the world is […] [Read More]

Manheim has promoted Jane Gitere to be director of national accounts for Manheim Specialty Auctions. Gitere has served in leadership positions with Cox Automotive brands for over a dozen years. The company announced Tuesday that amid continued growth of Manheim Specialty Auctions, Gitere will be responsible for promoting awareness of Manheim’s Specialty sales. “With Manheim’s […] [Read More]

The Nov. 1 edition of Auto Remarketing will celebrate both the 70th anniversary of the National Auto Auction Association and NAAA's annual convention. One of the features in that special NAAA 70th Anniversary/NAAA Convention Issue is the annual “Auction Life” photo spread, where we invite NAAA-member auctions to submit photos of daily auction life from the past year. If you […] [Read More]

Cox Automotive is holding steady with its estimates of vehicle damage from Hurricane Florence as flooding reaches near record levels in some places in North Carolina. The analyst team led by Cox Automotive chief economist Jonathan Smoke initially estimated last week that 20,000 to 40,000 vehicles could be lost due to flooding in the Carolinas. […] [Read More]

With dealer groups in mind, Spireon has made updates to its Kahu connected car solution that are aimed at helping multi-store dealers improve inventory management, facilitate trades and increase visibility concerning activity outside of the lot. Spireon announced Tuesday that it has made enhancements to Kahu to provide dealer groups with tools they can use to […] [Read More]