The leadership at Recovery Industry Services Co. (RISC) heard panel discussions and networking dialogue from industry participants during Used Car Week about the importance of compliance for third-party vendors. The situation reinforced why RISC rolled out its latest offering on Tuesday. RISC’s Lot Inspection Service includes current reports on more than 1,500 recovery companies that […] [Read More]

One of the benefits of Used Car Week is the networking that happens among auto finance service providers. Some of the fruit of that ongoing networking between two of Used Car Week’s staunchest supporters ripened on Monday. Digital Recognition Network (DRN) and Intellaegis, which does business as masterQueue, announced that DRN’s vehicle location data has […] [Read More]

Despite popular belief, due to a tight supply of high demand late-model used-cars, not all vehicles that pass the 100,000-mile mark begin to dramatically drop in value. That's according to recent data from Edmunds. Similar to the rate of depreciation that occurs between 50,000 and 100,000 miles, higher-mileage vehicles’ values are declining only incrementally between 100,000 […] [Read More]

Auction Management Solutions (AMS) has added Richmond Auto Auction to its list of partners for business development consulting. The addition brings the AMS client list to 18 total locations. After launching in 1967 as Motley’s Auctions in a Chester, Va., dairy barn by Dick and Pokey Motley, Richmond Auto Auction is now run by second generation […] [Read More]

AutoGravity has reached over 1 million users on its platform where car shoppers can browse thousands of used-vehicles and get personalized finance offers in minutes. Since launching in 2016, the company has grown its user base by ten times in just one year. “We empower car buyers, dealers and lenders with a cutting-edge digital retail […] [Read More]

Alliance Inspection Management (AiM) announced on Monday morning it has named a new president and chief executive officer. Chosen for the position is Steve Lambert, who will begin his tenure as CEO on Dec. 4, in the company’s Long Beach, Calif., offices. AiM has hired Lambert to “strengthen the company’s core inspection and dealer floorplan […] [Read More]

It is hard to believe I am heading out to Palm Springs early next week to attend the National Auto Auction Association (NAAA) convention for the 28th consecutive year! I still recall the first conference I attended; it was an experience like no other; the magnitude and the melting pot of people from all over the […] [Read More]

Transportation company Metrogistics raised over $24,000 this year at its halloween event for local animal welfare organizations—the most the annual charity event has raised yet. Metrogistics’ Monster Mash Halloween Party raised $24,148 to be distributed evenly between Helping Strays – The Humane Society of Monroe County, Ill., and the Humane Society of St. Clair County SNAP […] [Read More]

Flashback with me for a second. It’s the first day of the fall semester at college. For the freshmen and transfer students, it’s a brand new environment and perhaps a brand new experience altogether. For the sophomores, juniors and seniors, the start of a semester may be old hat. But there are still new classes, […] [Read More]

Fleet services provider ARI is partnering with the Institute for Supply Management to host a webinar on Tuesday.  The webinar, “Lease vs. Purchase in the Era of New Accounting Rule — What’s Best for your Fleet,” is scheduled for 1 p.m. (EST) tomorrow. Listeners will hear from ARI’s director of lease portfolio management Jesse Mann, […] [Read More]