In three decades, ServNet’s network of independent auto auctions has grown from a small group of independent owners wanting to share marketing strategies, to a group that has set a standard for service, efficiency and innovation within the remarketing industry. The group has grown from its original eight members to now include 22 auctions from […] [Read More]

While the Federal Emergency Management Agency (FEMA) recently described how much hurricane recovery is left to be completed — especially in Texas — KAR Auction Services chief economist Tom Kontos declared the wholesale price impact stemming from Hurricanes Harvey and Irma — particularly on off-lease units — is “over.” According to ADESA Analytical Services’ monthly […] [Read More]

A different compact car now holds the mantle as providing the lowest monthly payment available through Wantalease.com. Site officials recently shared their February data and found that the Nissan Sentra now is priced lower than the Honda Civic; the vehicle previously holding the lowest price for the past six months. Consumers using Wanatalease.com now can […] [Read More]

When the National Independent Automobile Dealers Association (NIADA) finalized its acquisition of the National Alliance of Buy-Here, Pay-Here Dealers (NABD) this past December, the last thing Ken Shilson wanted to do was just power down his computer and never look spreadsheets or other financial documents and portfolio metrics. But now Shilson, one of NABD’s founders, will […] [Read More]

Six months since Hurricane Harvey battered the Lone Star State, Federal Emergency Management Agency (FEMA) said Texans in coastal towns, urban areas and rural counties continue to move forward with their unprecedented recovery. And CRIF Select highlighted how it’s been involved with that process for Texas Dow Employees Credit Union (TDECU) and their auto finance customers. […] [Read More]

The composite reading of the S&P/Experian Consumer Credit Default Indices rose again in January, representing the sixth uptick of the past seven months. But it was the auto finance component of the overall index that propelled the continued upward drift. According to data released this week by S&P Dow Jones Indices and Experian, the January […] [Read More]

Bosch announced Wednesday that it has acquired Detroit-based ridesharing start-up Splitting Fares (SPLT) and will operate its app that connects people who share the same commute daily. Bosch said the purchase price will not be disclosed due to a standing agreement. SPLT was founded in 2015, and about 140,000 users in the U.S., Mexico and Germany are […] [Read More]

Vehicle owners now have another way to use their smartphones to keep up with potential recalls that possibly can be remedied at your franchised dealership’s service drive. GasBuddy, a smartphone app that reportedly is used by more than 70 million individuals, recently updated its Car Profile feature, providing drivers what developers called an easy way […] [Read More]

Copart announced Monday the opening of a new Copart Canada facility in Calgary. In December, Copart Canada held a grand opening ribbon cutting ceremony for its new Calgary location in conjunction with its first client advisory board meeting with insurance partners.  "Our new state-of-the-art facility in Calgary is proof of Copart's commitment to building a national […] [Read More]

Kijiji Canada recently announced that it has appointed Darryl Hilton to serve as the national head of automotive sales. Hilton brings 20 years of experience from both the supplier and retail sides of the automotive industry, and he has also specialized in the management of pre-owned programs, the company said. Most recently, he served as national […] [Read More]