If publicly traded dealer groups wanted to buy another rooftop, they had to open their checkbooks or dig deeper into their credit availability based on the figures shared in the Q3 2017 edition of the Haig Report released on Wednesday by Haig Partners. For the year-to-date numbers ending Sept. 30, Haig Partners calculated publicly traded […] [Read More]

Be it a car or truck, Black Book saw both general vehicle segments depreciating at almost the same rate as auctions and dealers celebrated Thanksgiving. According to this week’s Black Book Market Insights report, editors determined sporty cars and compact vans saw the most depreciation out of both segments, dropping by 0.82 percent and 1.31 […] [Read More]

A pair of users who have deployed Recovery Connect, MBSi’s next generation recovery assignment management platform, described the successes each one has enjoyed with the solution. To recap, the Recovery Connect mobile app can connect finance companies with recovery agents in real-time allowing both to make decisions related to asset recovery, transport and remarketing, regardless […] [Read More]

With data security on the minds of finance company executives nowadays, LAUNCHER.SOLUTIONS took the steps to negate any apprehension its clients might have. LAUNCHER.SOLUTIONS, creator of appTRAKER Loan Origination System, recently announced it has successfully met all security requirements for its Experian Independent Third Party Assessment certification. The company highlighted this certification is an annual […] [Read More]

Space Coast Credit Union — with more than 380,000 members and assets of over $3.9 billion — recently announced the appointment of Hilary Eisbrenner to be chief financial officer and senior vice president. A 27-year veteran of the credit union industry and certified public accountant, Eisbrenner joined SCCU as vice president of finance and accounting […] [Read More]

U.S. News & World Report announced Tuesday this year’s winners of its Best Vehicle Brand awards, which recognize brand-wide excellence in the four major segments: cars, SUVs, trucks and luxury vehicles. The automotive channel of U.S. News & World Report  — U.S. News Best Cars — averaged the overall score of brand’s new models in each segment […] [Read More]

CarMax announced Tuesday it has expanded its commercial relationship with RepairPal and made a minority investment of $5 million as the lead in a new round of financing for the auto service and repair provider. CarMax had already been partnering with RepairPal for several months, offering its Los Angeles customers increased repair service options, according to […] [Read More]

Carvana has brought on former Deutsche Bank Securities vice president Michael Levin as its vice president of investor relations, the online car retailer said Tuesday. Levin headed up the automotive dealer equity research at Deutsche and has a decade of experience covering the auto and retail industries, including companies like Carvana. “We've had the fortune […] [Read More]

RumbleOn announced Monday that it has named Peter Levy its new senior vice president of dealer services to oversee the development of the company’s dealer network and the rollout of its dealer-to-dealer Internet marketplace. Over 25 years, Levy has taken on leading roles in sales, marketing and consulting at several technology-driven businesses, which include startups that […] [Read More]

Mark your calendars: Cherokee Media Group has announced the dates for its 2018 Auto Remarketing Canada and Women & Automotive conferences. The Auto Remarketing Canada Conference is set for March 27-28, and Women & Automotive is March 29. Both conferences will be held at the Westin Harbour Castle in Toronto. And we’re also proud to […] [Read More]