Chase Auto Finance honored its 19th annual Chase Cup for Auction Excellence winners at the NAAA Convention in La Quinta, Calif. last week, which was held in partnership with the National Remarketing Conference portion of Used Car Week.  Likewise, also at the convention, NextGear Capital honored another four auctions with the presentation of its fifth annual […] [Read More]

ADESA Buffalo general manager Warren Clauss officially  took over as National Auto Auction Association president at the organization's 69th annual convention in La Quinta, Calif. last week, held in conjunction with the National Remarketing Conference during Used Car Week. Serving with Clauss on the executive board for the 2017-2018 term is president-elect Chad Bailey and […] [Read More]

If someone lost a pickup to one of the hurricanes earlier this year, KAR Auctions Services chief economist Tom Kontos suspects you might might be part of what's helping to prop up prices for similar late-model vehicle segments. Kontos explained his thinking as ADESA Analytical Services shared its monthly analysis of wholesale used-vehicle prices by vehicle model […] [Read More]

It’s no secret that the auto finance industry is taking its collective foot off of the origination accelerator. In fact, TransUnion now has seen originations soften on a year-over-year basis for four quarters in a row. Displayed one quarter in arrears, TransUnion’s recently released Industry Insights Report indicated that originations declined by 2.2 percent between […] [Read More]

DealersLink recently announced it has brought aboard a new vice president of sales Josh Dougherty to head the recruiting, training and coaching of new company sales talent. Dougherty brings more than 15 years of auto industry experience, including sales and management positions with AutoTrader.com, KBB and vAuto. “I am very pleased to welcome Josh to our growing […] [Read More]

Manheim announced Friday it will deliver an omni-channel experience through its new Marketplace that brings together all channels into one integrated destination for buyers and sellers. The omni-channel experience will provide wholesale vehicle buyers and sellers increased opportunities to connect and transact business, according to Manheim. “We’re well on our way to creating a first-of-its-kind, omni-channel experience that […] [Read More]

Cars.com outlined for consumers some of the top car deals they can expect to find at their local dealerships. But it would also be prudent for dealers to take note of what specific vehicles shoppers have their eyes on this year as arguably one of the busiest holidays of the year for most dealerships approaches. Cars.com […] [Read More]

On Thursday, Cox Automotive presented its 2017 Community Impact Award to Heather Pullen, national remarketing manager at Porsche Cars North America. The award — sponsored by Cox Automotive brand, Manheim — was presented by Grace Huang, president of Cox Automotive Inventory Solutions, during an awards luncheon at Used Car Week. The honor is given to a […] [Read More]

The upcoming Auto Captives Summit will focus on the emerging digital models for selling auto finance as well as real world examples for success in the transforming digital world of automotive finance. The 3rd annual summit — titled “Think Bigger” — is scheduled for Jan. 25 at the London Shard. Many will also be attending the International […] [Read More]

Ally Financial announced today that ClearGuard, which provides protection coverage of up to $2,500, is now standard on all eligible vehicles dealers sell via its online wholesale vehicle auction platform SmartAuction. This news comes on the heels of this week's National Remarketing Conference, presented by SmartAuction, and part of Used Car Week.  Almost all dealer-owned vehicles with a sticker price […] [Read More]