According to a document referenced in recent reports and also shared with SubPrime Auto Finance News, Chase Auto Finance named Mark O’Donovan as chief executive officer. O’Donovan succeeds Thasunda Duckett, who was named CEO of Chase’s consumer bank last month. O’Donovan will shift over from being the bank’s controller to his new post where he […] [Read More]

Earlier this month, DAA Northwest celebrated 24 years and hosted its annual Anniversary Sale Fundraiser to help support four local Spokane charities. The auction matched all funds, bringing the two-day event’s total to $123,000. “Our thanks go out to all of our customers who contributed to the evening,” said auction president Bob McConkey. “These organizations […] [Read More]

Swapalease.com’s inaugural quarterly leasing report paints a mostly rosy picture of the lease market. Most brands saw search activity fall during the third quarter as compared to the second quarter,  with a few domestics brands, such as Chevrolet and Ram, seeing gains. Swapalease expects that to reverse in the fourth quarter as holiday shopping accelerates. When […] [Read More]

Swapalease.com reported that lease credit approval rates of registered applicants are noticeably down in comparison to last year. October's rate was 61.5 percent, a decrease from 75 percent a year prior. And October's rate was down 4.9 percent from September. Swapalease.com said lease credit approval rates have shifted from month to month throughout the year. "We expect […] [Read More]

Copart has announced the expansion of its location in China Grove, N.C., just outside of Charlotte. “We are pleased to add additional acreage to our China Grove location,” said Jay Adair, chief executive officer of Copart. “Our recent expansions, specifically in response to Hurricane Matthew, are a testament to the commitment and investment we're willing to make to accommodate our buyers […] [Read More]

You might need to have your bleisure suit dry-cleaned. J.D. Power’s 2016 North American Car Rental Survey found that travelers who rent a car for business and then combine business and leisure are the most satisfied with their car rental experience. While overall satisfaction was higher among business travelers than among leisure travelers (satisfaction score […] [Read More]

The National Auto Auction Association held its annual Presidential Gala on Thursday night during the NAAA Convention/National Remarketing Conference at Used Car Week, where more awards were announced.  The association inducted Patty Stanley of Carolina Auto Auction and Indiana Auction into the NAAA Hall of Fame, recognized the Eastern Chapter for its second straight PAC […] [Read More]

Cox Automotive has named David Pyle senior vice president of enterprise dealer partnerships. In his new role, Pyle will oversee the company’s sales division within the client success organization. He will lead a team that is dedicated to selling products from the suite of Cox Automotive brands, including financial, inventory, media and retail solutions, to […] [Read More]

CarClicks recently introduced its partnership with Autobytel that integrates its Autobytel Direct product to CarClicks’ existing automotive network, which promotes dealership inventory online. “Online automotive has evolved, and the need for digital agencies to provide innovative, results-driven solutions has never been more critical,” said Jeff Coats, president and chief executive officer of Autobytel Inc. “Autobytel […] [Read More]

Retail demand weakened in October while wholesale prices continued to soften. In his latest Kontos Kommentary report, KAR Auction Services chief economist Tom Kontos asserted that weak retail demand may have been a reflection of uncertainty before the election. For the first time this year, new vehicle sales on a year-to-date basis fell below last year’s […] [Read More]