Among seven executive changes made by Toyota across its North American operations, two involve top leaders at the automaker’s captive finance company. Effective Jan. 1, the company said in a recent announcement that Scott Cooke will be group vice president and chief risk officer at Toyota Financial Services (TFS), where he will have responsibility for […] [Read More]

Jessica Stafford is now the new senior vice president and general manager for Autotrader, parent company Cox Automotive announced Monday. And in her new post, Stafford will be leading Autotrader through a “dramatic transformation” in 2018, she said by phone last week. It’s a revamp that will aim to offer “an even better experience” for […] [Read More]

RMS Automotive recently announced it took home the inaugural Car Remarketing Award at the Fleet Europe Remarketing Forum in Estoril, Portugal. Senior director of RMS Automotive European sales and marketing Sebastian Fuchs accepted the prize during the awards ceremony at the end of the forum organized by Nexus Communications. The company was recognized for “the innovative character of […] [Read More]

It would appear that the post-hurricane recovery that drove wholesale used-car prices higher is no longer having that same impact. And though full-year figures are expected to climb, used-car retail sales softened a bit last month. But look for a used-car retail market that challenges the new-car market, amid heavy lease returns adding fuel to […] [Read More]

KAR Auction Services announced Thursday that in addition to its initial $225,000 contribution to City Life Wheels of Central Indiana to fund the new KAR Auction Services City Life Wheels Training Center, it will commit another $25,000 grant for the program next year. An Indianapolis-based non-profit, City Life Wheels teaches youth in its community basic […] [Read More]

DealerRater has introduced additional enhanced offerings as part of its new Connections product suite that is designed to create personal connections between dealerships’ top salespeople and ready-to-buy shoppers. First launched in September, DealerRater Connections allows dealerships to create dealer and employee profiles linked to their reviews shared across DealerRater’s strategic syndication partner sites. The new […] [Read More]

Even before the wrangling over who will lead the Consumer Financial Protection Bureau intensified earlier this week, Craig Nazzaro emphasized that the heavy compliance lifting done by auto finance companies still has plenty of value. Nazzaro, who is of counsel in the Atlanta office of Nelson Mullins Riley & Scarborough, made the point before a […] [Read More]

FICO is hosting a free webinar to sort through the details of an important accounting change that might be giving auto finance companies grief in meeting new standards that change how institutions account for expected credit losses. FICO experts plan to explain the Current Expected Credit Loss (CECL) requirements outlined by the Financial Accounting Standards […] [Read More]

At the home of CARPROOF’s new Product Lab at the Communitech Hub in Kitchener, Ontario, it has a wide array of neighbors, amid the exposed brick and converted factory feel.  There are massive, established names like General Motors, Thomson Reuters and Blackberry, small to midsize companies like CARPROOF, and startups just getting their feet wet. […] [Read More]

What was nurtured in the classroom is now ready for deployment to help your dealership service drive. This week, EFG Companies announced the launch of Driver’s Advocate, a mobile app representing the culmination of both the 2015 and 2016 Northwood University Innovator of the Year Award winning products. Driver’s Advocate was designed to foster greater […] [Read More]