As I walk through auction lanes on sale day, at locations across the country, I see a lot of dealers multi-tasking. Buyers are seamlessly using cell phones to gather information about vehicles lined up outside the lanes, accessing mobile apps to make offers via simulcast, and bidding on the car that is live on the […] [Read More]

TransUnion recently pushed out a series of recommendations to help companies that specialize in third-party debt collections. However, some of the suggestions could help first-party companies who are involved in repossession and recoveries in the auto finance space. TransUnion emphasized that with a primitive strategy at play, a collections company cannot function at its full […] [Read More]

Lithia Motors Inc. announces the grand opening of a Volkswagen franchise in Freehold, N.J. Operating as DCH Volkswagen of Freehold, the store is expected to add $35 million in annual revenues. “We are pleased to expand our partnership with Volkswagen and to increase our presence in New Jersey, as DCH Volkswagen of Freehold is our […] [Read More]

Bill McCready’s career in the automotive industry began at a Cadillac dealership in Pittsburgh after graduating from college. Turns out, trying to deliver luxury vehicles provided him with a better education. “I had no idea what I was getting into; I just knew that I needed a job,” McCready said. “I can truthfully say that […] [Read More]

Kelly McAllister described a scenario many young college graduates might encounter. McAllister just collected his degree when a friend mentioned the Manheim Dallas-Fort Worth location was looking to boost its auction sales staff. Years later and still in the industry, McAllister expressed gratitude for the Manheim site that first hired him. “Other than someone who […] [Read More]

Along with introducing a new tool to help credit union members who are considering refinancing their vehicle installment contract, GrooveCar recently appointed five executives to new positions as part of its industry growth initiatives. In an effort to serve an expanding credit union auto-buying marketplace, GrooveCar made the following personnel moves: —Richard Charles Hess has […] [Read More]

RouteOne recently made a series of personnel moves aimed at further developing, strengthening and diversifying enterprise perspectives to best serve its customers who leverage its comprehensive platform of F&I solutions including digital retail, credit application, eContracting and compliance. RouteOne highlighted that in each of their respective roles, Jeff Belanger, Amanda George and Scott Johnsen have […] [Read More]

JMN Transportation recently opened drive-away locations in Dallas and Daytona Beach, Fla., that will serve local auctions in those cities. The new sites joined JMN’s existing locations in Atlanta, Orlando, San Antonio and St. Louis. The Daytona location opened in February and the Dallas location opened in May.  JMN aims to match customer needs, whether […] [Read More]

The event-producing year involving Cars.com generated another headline on Wednesday morning as the vehicle-listing website’s parent company — TEGNA — announced it intends to spin-off Cars.com, creating two independent publicly traded companies. Additionally, TEGNA announced that Gracia Martore, its president, chief executive officer and a member of its board of directors, will retire upon the […] [Read More]

Volume weighted, overall car values decreased by 0.75 percent last week — higher than the average depreciation rate of 0.66 percent observed in the previous four weeks. Meanwhile, overall truck values decreased by 0.37 percent last week, which was similar to the average depreciation rate of 0.40 percent seen in the previous four weeks. “Most […] [Read More]