Infomedia announced Monday that it has appointed former Dealertrack Technologies executive Sharon Kitzman as president of IFM Americas following Karen Blunden’s departure. For over a decade, Kitzman most recently served as vice president and general manager of Dealertrack DMS. In addition to working as an executive and consultant to automotive technology companies, Infomedia said that […] [Read More]

GPS solutions provider Ituran USA has become a bronze-level National Corporate Partner, the National Independent Automobile Dealers Association announced Friday.  Ituran is a long-term partner that began supporting NIADA shortly after launching services in the U.S., according to the company. "Ituran is a global leader in the vehicle GPS tracking industry and an innovative technology developer […] [Read More]

VINFactor said Monday it has upgraded the inventory and pricing recommendations within the platform to include stronger vehicle and market intelligence. Additionally, a vehicle appraisal tool has been added to the platform. VINFactor is a free platform for dealers that provides them insight to guide their decision-making.  It is designed to decode vehicle identification numbers to provide […] [Read More]

Auction Academy announced Monday that its two-year training curriculum will now include IARA CAR Certification. The addition of the IARA CAR Certification program follows the company's move to become a major sponsor of Auction Academy, the organization said.  IARA’s training program is designed to address each step of the remarketing process. It covers the consignment and grounding […] [Read More]

Stretching terms forced Credit Acceptance to adjust its expectations for future cash flows. But increasing contract length to the longest average in company history perhaps helped the finance provider turn around a string of declines in the number originations from active dealers. Before getting into those details, let’s do the numbers of how Credit Acceptance’s […] [Read More]

ADESA recently announced that via its new ADESA Rewards program, dealers can now earn points when they purchase qualifying vehicles and specialty units at U.S. auction locations and on ADESA.com. Earned reward points can either be converted for the purchase of merchandise, travel and gift cards or be used as ADESA Dollars that are valid […] [Read More]

As part of continued moves to strengthen its editorial team, Cherokee Media Group has added former Manheim and Cox Automotive chief economist Tom Webb as a guest contributor to its automotive and auto finance publications. Webb retired in summer 2017 after nearly two decades with Manheim/Cox Automtoive. Before he joined Manheim/Cox Automotive in 2000, Webb […] [Read More]

More than 2.8 million late-model vehicles hit the auction market last year, according to J.D. Power Valuation Services. This marked a 3.2-percent bump in late-model auction volume, the company said in its latest Guidelines report. Some of those, of course, would be off-lease vehicles. Cox Automotive is anticipating 3.89 million off-lease units in 2018, which […] [Read More]

As veteran used-car managers and wholesale price watchers understand, oftentimes luxury units take quite a price tumble during the time the vehicle leaves the factory to when it might end up in a store’s used inventory. It all stems from that critical first year of depreciation. The team at iSeeCars.com generated some fresh data to […] [Read More]

CarMax announced Friday that John Standley has retired, and its board of directors has elected new members Peter Bensen and Robert Hombach, effective April 1. Standley, chairman and chief executive officer of Rite Aid Corporation, retired from the board this past Monday because of other business demands, the company said. And Jeff Garten, Yale School of […] [Read More]