SubPrime Auto Finance News has announced the winner of the fourth annual Subprime Auto Finance Executive of the Year Award, which is again sponsored by Black Book Lender Solutions. The honoree — who will receive the award during the SubPrime Forum at Used Car Week in Las Vegas — is Ozzie Ramos, the founder, president and chief […] [Read More]

The used-vehicle department at Lithia Motors turned in another sterling performance during the third quarter as the dealer group reported double-digit improvements in both same-store and overall used-retail sales. On a same-store basis, Lithia indicated the rise came in at 11 percent. Altogether, group stores retailed 29,636 units during Q3, representing a 13-percent jump year-over-year. […] [Read More]

Gubagoo, a provider of behavioral engagement and scoring technologies for automotive websites, recently rolled out what the company thinks is an enhancement that can offer complete and seamless integration with Facebook Messenger. Gubagoo’s Facebook Messenger Integration is available immediately to dealerships using Gubagoo solutions. “Today, consumers spend an average of 50 minutes a day using […] [Read More]

Group 1 Automotive saw a 2.2-percent bump in its used vehicle revenues during the third quarter, thanks to higher unit sales. When eliminating for the effects of exchange rate fluctuations, i.e. adjusting for constant currency, that increase was 4.8 percent. Consolidated results (representing the company’s U.S. and international operations) for the three months ended Sept. 30 […] [Read More]

In an effort to broaden support of customers and the community, General Motors Financial launched what the finance company dubbed its Mobility Initiative, a multifaceted effort aimed at empowering and enriching local communities through financial education and resources, along with community collaborations, to create opportunities for social, travel and financial mobility. Initially, GM Financial explained […] [Read More]

This week, used-vehicle service contract and related finance and insurance product provider GWC Warranty announced the addition of Therese Pramick as its new strategic brand manager. As a member of the marketing department, the company explained Pramick will be responsible for developing strategies that increase GWC’s brand awareness and value among new and existing GWC […] [Read More]

Dent Wizard International, which specializes in automotive reconditioning and SMART (Small to Medium Area Repair Techniques) repairs, has promoted Eric Walker to regional finance director for the south region of the company’s F&I business. The south region includes Arkansas, Kentucky, Louisiana, Mississippi, Oklahoma, Tennessee and Texas. Walker will focus on growing Dent Wizard’s F&I products and […] [Read More]

Southeastern Auto Auction and its dealer customers made donations and participated in a 50/50 drawing to benefit those affected by Hurricane Matthew.  The amount raised was matched by the auction and given to the American Red Cross. Some victims of the hurricane in Haiti will also benefit from this fundraising effort. The winner of the 50/50 […] [Read More]

ADESA, a business unit of KAR Auction Services, announced that Harold Chapman will lead ADESA Nashville as general manager, effective immediately. He had served as general manager of ADESA Kansas City since 2003. “During his time at ADESA Kansas City, Harold has proven to be a strong leader who motivates his staff to provide the […] [Read More]

As part of Auto Remarketing Canada's annual Power 200, we reached out to some of the top executives in the Canadian used-car business for an inside look at their businesses and their insight into the remarketing industry.  In the first Q&A in this series, we feature Roger Dunbar, vice president of marketing at TRADER Corp.  […] [Read More]