Auction Management Solutions closed out the month by announcing that the firm has partnered with All Valley Dealer Auto Auction in North Hollywood, Calif., for business development consulting. Tom Stewart and Richard Curtis of AMS now have relationships with 13 total auction locations; a collection that also includes: — Columbus Fair Auto Auction — Greater […] [Read More]

It’s Election Day, but that isn’t exactly why Bill Zadeits is busy on this particular Tuesday. There are neat stacks of documents on the round table in his office — all cookie-crumbs of preparation as the Auto Remarketing publisher readies himself for another Used Car Week, just six days away. It’s the magazine’s signature event, and […] [Read More]

MetroGistics announced on Monday the promotion of Craig Clayton, who now serves as vice president of information technology. “Even though we’re in the transportation and logistics industry, innovation is at the heart of our operations,” said William Billiter, co-founder and managing partner of MetroGistics. “Craig has done a great job keeping us at the leading edge […] [Read More]

Dashing Through the Lanes, Manheim’s holiday campaign designed to increase dealer clients’ sales at the end of the year returned on Monday. Through Dec. 23, dealers nationwide who attend Manheim’s sales in-lane or on Simulcast are registered to win daily prize package giveaways. “As this campaign has attracted strong in-lane attendance and positive feedback in […] [Read More]

Both Credit Acceptance Corp. and Prestige Financial Services each recently received honors for how great their workplaces are. Credit Acceptance was among the 2016 Top Workplaces honored by The Detroit Free Press, having been named the No. 2 workplace in the large company category. This accolade marked the fifth year in a row that Credit […] [Read More]

On Monday, Pearl Technology Holdings announced the launch of Proximity, its new geo-fencing program, which allows its auto dealers to target their competitors’ customers by delivering real-time offers to the customer’s mobile device. “Nothing is better or more precisely targeted than delivering a compelling marketing campaign while the customer is at a competitor and in the […] [Read More]

We’re beginning 2017 by engaging the industry again with one of our most successful projects — The CEO Issue. In an ongoing effort to recognize the chief executive officers who are flourishing in today’s competitive marketplace, SubPrime Auto Finance News is asking the industry to nominate the CEOs of subprime auto finance companies and their […] [Read More]

Jim Hallett, KAR Auction Services chairman and chief executive officer gave a keynote address during the Fleet Europe Remarketing Forum in Barcelona on Nov. 15.  “The European auto remarketing industry is rapidly evolving. Economic trends, shifting demographics and rising customer expectations are accelerating change – and opportunity for new entrants and disruptors,” said Hallett in comments […] [Read More]

There have been 3.84 million auction sales of vehicles age 8 or younger so far this year (through Oct. 24), according to NADA Used Car Guide. This is a 7-percent hike from the same period of 2015, and the gain for late-model volume is even stronger. The company said in its latest Guidelines report that […] [Read More]

CarGurus conducted a survey of more than 1,000 U.S. consumers to gather their opinions around how the recent presidential election will impact the automotive industry and their plans to buy a vehicle. Overall, survey findings showed many expect both vehicle and gas prices to increase, and even more expect to see fewer government incentives for […] [Read More]