ADESA has announced changes to its management teams at ADESA Orlando and ADESA Los Angeles, effective immediately. Theo Jelks, previously general manager of ADESA Los Angeles, will lead ADESA Orlando as general manager. Jeff Brinkley, previously assistant general manager at ADESA Indianapolis, will step into the role of assistant general manager. “Theo is a proven leader […] [Read More]

If you ask White Clarke Group’s technology innovators what blockchain is, their eyes will light up, and they will spend the next hour telling you about all the possible legitimate uses of this new technology that they contend “is set to revolutionize” a whole range of industries, including financial services. As a complement to an […] [Read More]

Representatives from six different captive finance companies, two other institutions at or near the top of quarterly market share rankings as well as dealerships and other service providers are among the 89 members of the spring 2016 graduating class that successfully completed the National Automotive Finance Association’s Consumer Credit Compliance Certification Program. With another graduating […] [Read More]

The year-over-year double-digit climb in retail used-vehicle sales during the second quarter certainly got the attention of investment analysts who watch Lithia Motors’ results regularly. What they wanted to know was whether Lithia could sustain this growth trajectory. President and chief executive officer Bryan DeBoer pointed to one factor as a reason why Lithia might […] [Read More]

Perhaps contrary to dealers who do not have unlimited floor-plan availability, Cox Automotive chief economist Tom Webb said “wholesale pricing is not exceptionally high” even as the Manheim Used Vehicle Value Index moved higher for the fourth consecutive month. Wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) increased in July by […] [Read More]

GWC Warranty, a provider of used-vehicle service contracts and related finance and insurance products sold through dealers, has set a new record for the number of dealers who have qualified for its top dealer reward programs — The Elite Dealer Program and The WealthBuilder Program. The company recently highlighted close to 650 dealers nationwide have […] [Read More]

Indiana Members Credit Union chief executive officer Ron Collier explained how this segment of auto financing providers can become “elitist” if all they do is book vehicle installment contracts with consumers whose FICO scores are 800 or higher. Perhaps credit unions aren’t originating contracts only with super-prime consumers, since the latest TransUnion data showed credit […] [Read More]

Copart has announced the expansion of its location in San Antonio. Earlier this year, Copart purchased locations in Temple and Wilmer, bringing the total number of Texas locations to 14. “We are excited to expand our location in a community we are already a part of,” said Jay Adair, chief executive officer of Copart. “This […] [Read More]

Jaguar Land Rover North America has begun mailing notifications to owners of certain 2009-11 Jaguar XF and 2007-11 Land Rover Range Rover vehicles that their vehicles are affected by the ongoing Takata airbag recall. For the first phase of this recall, which includes about half of the 108,000 Jaguar and Land Rover vehicles affected, vehicle […] [Read More]

Jumpstart Automotive Group made an interesting discovery when analyzing brand interest among desktop and mobile visitors to its range of sites during a one-year period. When comparing shoppers’ interest in the first half of 2016 versus all of 2015, Jumpstart noticed that truck segments decreased in shopping consideration while car segments increased. This seems to fly in […] [Read More]