In an effort to show its finance company clients the caliber of available service, skip-tracing provider Secure Collateral Management (SCM) recently announced the successful completion of the SOC2 Type II audit earlier this month. The Service Organization Control (SOC) 2 Type II examination demonstrates that an independent accounting and auditing firm has reviewed and examined […] [Read More]

On Tuesday, Recovery Industry Services Co. (RISC) announced that Holly Balogh, a former top executive at Recovery Database Network (RDN), has been hired as the president and chief operating officer of RISC. The company added that Stamatis Ferarolis will remain as owner and chief executive officer. “RISC continues to be at the forefront of the […] [Read More]

automotiveMastermind has hired Eric Daniels as chief financial officer to reinforce a controlled financial infrastructure that provides product development opportunities within the company. Daniels most recently served as the chief financial officer of National Response Corporation, a private equity owned environmental services company. He brings 15 years of experience leading global finance teams of both middle-market […] [Read More]

In our second podcast from the Boston area, we chat with Sam Zales, chief revenue officer at CarGurus.  Inside the company's Cambridge, Mass., headquarters, Sam and Auto Remarketing's Joe Overby talk transparency in car-buying, the backbone of CarGurus, moving to the upper-funnel of the shopping process and more. Plus, Sam shares how being a Jets […] [Read More]

It’s no secret or surprise that used-car volumes are up, but a survey released Tuesday sheds some light on where a significant portion of those cars are going: the $100 billion business of vehicles moving through wholesale auto auction lanes.  There were 17.7 million vehicles that reached the auction in 2016, which was 2.3 percent higher than the […] [Read More]

Dealership inventory tracking and audit solution provider AutoMap has introduced AutoMap Car Finder, which is a new vehicle tracking tool for dealers, auctions and lenders. With AutoMap Car Finder, sales teams, management and auditors can quickly find any vehicle in their inventory across multiple lots using Bluetooth. For tracking, a vehicle’s location is broadcast to […] [Read More]

With some upbeat signs in the lanes that dealers are preparing to move used metal as the summer heats up, the Black Book Market Insights report showed car and truck segments depreciating at the same level. Editors determined that both overall segments softened by 0.25 percent last week. They also mentioned compact vans performed the […] [Read More]

Blinker, the peer-to-peer car sales app, has been named a Colorado Company to Watch in recognition of its influence as a growing company in Colorado. The online used-car marketplace, led by John Elway Dealers and Summit Automotive Partners founder Rod Buscher, was launched in Denver in September. Each year, Colorado Companies to Watch honors second-stage companies that […] [Read More]

Galpin Motors is currently aiming to sell 11,000 vehicles during its annual summer sales event, which kicked off on Memorial Day weekend and will continue through the end of September. Over the years, the dealership has committed to sales challenges such as the Galpin 3,000, the Galpin 4,000, the Galpin 6,000 and the more recent […] [Read More]

Experian and CEB TowerGroup acknowledged how auto finance providers and other financial institutions are facing heavy business pressures to reach new demographics often riddled with thin credit files, while also improving the customer experience across all channels and processes. According to experts from those firms, that pressure also is opening finance companies up to a […] [Read More]