The team at GWC Warranty offered four suggestions to help dealerships looking for an edge in January and the rest of 2018. Recommendations to boost sales as well as ongoing success in the F&I office, GWC Warranty declared that “there’s no better time to try something new and set your dealership apart than a fresh […] [Read More]

AutoTec announced Monday that it has promoted John McElrath to president of Red Mountain Technologies (RMT), a subsidiary of the company that provides vehicle history data to auto auctions and insurance carriers. McElrath most recently served as RMT vice president of sales and joined the company in 1998. “John has been instrumental in Red Mountain Technologies’ […] [Read More]

Used-vehicle supply and demand, the economy, and interest rates and credit are among the market dynamics driving wholesale used-vehicle sales and prices.  They were also frequently cited as trends to watch in 2018, by analysts, remarketers and others who attended Used Car Week in November. The National Auto Auction Association held its 69th annual convention […] [Read More]

After eight years at XLerate Group, Darris McClure has joined Catastrophe Solutions International (CSI) to head the North American operations. McClure brings operational expertise from the technology-enabled automotive services industry to his new role.  “Recruiting Darris reflects our commitment to our customers to develop and deliver the best tech-enabled solutions for the challenges faced by […] [Read More]

TrueFrame recently launched its Driveway service that provides live vehicle inspections when purchasing a used car in south Florida. Driveway provides users with a multi-segment comprehensive inspection. TrueFrame is integrated with CARFAX and AutoCheck Reports and currently used by more 1,500 dealerships. “We are excited with the launch of Driveway. We love cars, and we […] [Read More]

Despite a decline in new-car sales projected for a second straight year, analysts say the industry is both healthy and entered the new year with a growing U.S. economy. This year, Cox Automotive senior economist and senior director of industry insights Charlie Chesbrough suggests that the new-vehicle market is following the overall trajectory of the U.S. economy, but he […] [Read More]

Kathy Ward, former president and chief executive officer of Canadian Black Book, passed away on Christmas Eve. She was 60 and had been battling cancer. She had retired in September of 2016, and Brad Rome replaced her as president. “Kathy was a true industry icon and pioneering example of female success in automotive,” Rome said […] [Read More]

Cars.com and the McClatchy news media company announced a deal Thursday that will bring the 17 remaining McClatchy affiliate markets into the Cars.com direct sales channel – a deal Cars.com says will allow it to work more closely with dealers in these markets. Per the agreement, the transition would occur before October of next year. […] [Read More]

S&P Global Ratings described what more subprime paper flowing into the auto loan asset-backed securities (ABS) market did to its readings for November. According to a report published this week, the overall ABS market enjoyed some “mild” improvements in November. Analysts determined that prime collateral performance showed little weakness in losses, delinquencies and recoveries. In addition, the […] [Read More]

Many individuals make a New Year’s resolution to broaden their knowledge base. For industry professionals who made that kind of commitment, especially ones who are involved or are interested in auto finance, the first episode of the Auto Remarketing Podcast of 2018 is geared for you. Before the holidays, Nick had a conversation with Hudson […] [Read More]