ALS Resolvion contends it now has room to grow for the next decade. The repossession management and skip-tracing services provider recently moved into a larger facility in Charlotte, N.C., to accommodate its rapid ascent in the marketplace. With its new facility, Used Car Week sponsor ALS Resolvion highlighted that it has increased capacity by more […] [Read More]

RMS Automotive announced Tuesday it has redesigned the dealer web portal of its partner and client PSA Groupe to optimize the platform's customer experience and help dealers conveniently access stock. The French car manufacturer's dealer portal MOVE was launched in 2012 and has since sold more than 600,000 vehicles to 13,000 plus dealers, according to RMS. […] [Read More]

The XLerate Group has a new chief operating officer. The auto auction company said Monday it has named former ADESA executive Pat Stevens to the post. The COO position had been unoccupied for a while after Darris McClure moved over to lead XLFunding, a floor planning business the auction group recently launched. As for Stevens, […] [Read More]

AutoNation announced Monday that chief executive Mike Jackson recently joined Fort Lauderdale, Fla., Mayor John  Seiler to unveil a giant pink ribbon statue on Fort Lauderdale Beach in recognition of Breast Cancer Awareness Month. The 20-foot tall statue symbolizes the importance of raising awareness and funding for breast cancer. It will be on display throughout the month of […] [Read More]

The surge Hurricane Harvey created still is rippling through the wholesale market. Black Book reported that its Used Vehicle Retention Index for September posted the largest month-over-month gain since March 2012. The index reading increased from 112.6 to 113.9. Hurricane Harvey caused major flooding throughout parts of Texas, resulting in an estimated up to 500,000 […] [Read More]

For the second time in about a year, Credit Acceptance is dealing with an attorney general subpoena. The finance company acknowledged late on Friday through a filing with the Securities and Exchange Commission that it received a subpoena from the Mississippi attorney general on Aug. 14. Credit Acceptance said the subpoena is relating to the […] [Read More]

Dealer Marketing Services, the makers of ProMax, on Monday announced significant enhancements to its certified integration with Dealertrack. ProMax is a certified partner of most major dealer management systems, and has offered a certified integration with Dealertrack since 2009. The newly updated two-way integration with Dealertrack further facilitates the automated transfer of data between ProMax […] [Read More]

Cox Automotive announced Monday it has appointed Patrick Brennan to be senior vice president of inventory solutions, marketplace, following the recent promotion of Grace Huang to president of the inventory solutions group. Brennan most recently served as senior vice president of logistics solutions, working to enhance the efficiency and client experience of Cox Automotive's Ready Logistics and Central Dispatch. The […] [Read More]

Throw storm-driven replacement demand into an already strong retail market, and you get what happened to the used-car business at the close of  the third quarter. The seasonally adjusted annualized rate of used-car sales eclipsed 40 million units last month, according to data accompanying the latest quarterly and monthly analyses from Cox Automotive. Through nine […] [Read More]

An auction operator who likely saw at least some of the rain from Hurricanes Harvey and Irma spelled out his five points to consider as the industry watches for flood-damaged vehicles. Chris Tomchay, co-founder and chief operating officer of The Appraisal Lane and co-owner of the Georgia-Carolina Auto Auction, shared his five thoughts as estimates […] [Read More]