Much like the multi-layered benefits from greater off-lease volume for KAR Auction Services, the company’s recent purchase of STRATIM has several prongs of opportunity. KAR announced in early February that it had purchased STRATIM, a mobility and fleet management software company. It’s a move that gives KAR a strong foothold in the world of on-demand […] [Read More]

DriveTime chose a leader with plenty of experience in the franchised dealer group world to be its new chief executive officer. According to an announcement distributed on Monday, Don Reese will join DriveTime as its new CEO beginning in late March. Reese will also be appointed to the DriveTime Automotive Group and Bridgecrest Acceptance boards […] [Read More]

If you consider how the continuous wave of off-lease volume impacts a company as wide-ranging as KAR Auction Services, the most obvious place to start is probably its ADESA business unit. After all, the cars coming off lease not only boost the volumes for the auto auction company, but also affect what the mix of […] [Read More]

XLerate Group Auctions announced Monday that its Charleston Auto Auction and El Paso Independent Auto Auction are currently raising funds to help two local community outreach programs. In Charleston, S.C., Charleston AA is raising money for East Cooper Community Outreach (ECCO), and El Paso Independent AA is raising funds for non-profit corporation Compadres Therapy in […] [Read More]

Auto/Mate Dealership Systems announced Monday that Bluebird Auto Rental Systems has completed integration with Auto/Mate's dealership management system. Customers that use Bluebird Auto Rental's LoanerTrack for their service loaner fleets will benefit from increased efficiencies in the service department, Auto/Mate said. "Having a loaner car system that integrates with our Service Merchandising module eliminates time […] [Read More]

Fitch Ratings recently took a deeper look at the captive segment of auto financing, projecting their performance and potential revenue push toward their parent automaker. Analysts determined the trend of rising leverage for U.S. captive auto finance companies, fueled by strong new-vehicle retail financing and lease demand, has moderated recently, according to Fitch Ratings' latest […] [Read More]

On Monday, the National Highway Traffic Safety Administration (NHTSA) announced the creation of a compliance assistance program to help regulated entities, including vehicle and trailer manufacturers,  as well as equipment manufacturers comply with safety regulations as a means to promote safety on our highways.  NHTSA reiterated that regulated entities may not sell vehicles or equipment […] [Read More]

A trio of experienced executives who previously were leaders at Spireon now are overseeing new product development at Procon Analytics, including a tool specifically aimed at the subprime auto finance space. Procon Analytics recently announced the company is entering the vehicle finance industry with an advanced risk mitigation platform — Advantage GPS. Procon Analytics highlighted […] [Read More]

TPC Management announced Monday that it will begin providing strategic consulting to Elite Transport Services. Based in Kansas City, Mo., Elite Transport Services was founded in 2012 and is now a division of TransAm Logistics, which provides additional transportation-related services such as factoring receivables and providing third-party logistics. “Over the years we have regularly worked […] [Read More]

The provider of a unique marketing solution that creates personalized direct mail using real-time consumer activity — PebblePost — recently announced that it has appointed new vice president Richard Flynn to grow its automotive vertical. In an environment where the digital age has changed how consumers are often marketed to, the company aims to combine the power of connecting online with that […] [Read More]