As part of pre-planned leadership change, KAR Auction Services on Monday promoted Jim Money to be president of Automotive Finance Corp. (AFC). Money will take over this role with the KAR subsidiary effective on Saturday. Money, who most recently served as chief financial officer of AFC, will report directly to Don Gottwald, KAR’s chief operating […] [Read More]

Tony Zolla has a background with technology enabling consumers to watch movies or purchase tickets. Now Cars.com is asking Zolla to bring his tech expertise to help dealers and buyers connect to move metal. On Monday, Cars.com named Zolla as chief product officer, effective immediately. Zolla will be responsible for defining the company’s product strategy […] [Read More]

Cox Enterprises on Monday announced the completion of solar projects at its Manheim Nevada auction facility in North Law Vegas as well as its Cox Communications facility in Las Vegas. Together, the solar installations produce 1,523 kW of clean energy — enough to power 238 homes — and are expected to prevent more than 1,700 […] [Read More]

As the site tried to pinpoint a potential reason why, Swapalease.com reported on Monday that vehicle lease credit approval dropped by 14 percent on a sequential basis when looking at May’s rate compared to the April reading. Analysts indicated May registered a 61.1 percent approval rate, representing what they described as a “significant” drop from […] [Read More]

As NIADA installed a South Carolina operator as its newest president, Scott Lanier, owner of Credit Cars in Orlando, Fla., was selected as the 2016 National Quality Dealer of the Year by the National Independent Automobile Dealers Association during the 70th anniversary Convention and Expo last week in Las Vegas. NIADA officials highlighted Lanier was […] [Read More]

With support from Virginia Gov. Terry McAuliffe and the Virginia Economic Development Partnership, Carfax has invested more than $5 million to expand its Centreville, Va., headquarters, invest in new technology and eventually create more than 120 new jobs. This past Friday, McAuliffe joined other government officials, local business leaders, numerous guests and more than 700 […] [Read More]

GWC Warranty, the used vehicle service contract and related finance and insurance products provider for dealers, recently announced an expansion of its product set. Highlighting the changes to GWC’s product set are upgraded terms for exclusionary coverage levels. GWC is now offering exclusionary coverage on vehicles with starting mileage as high as 150,000 miles. Additionally, GWC […] [Read More]

Robert Dufalo has a new title with defi SOLUTIONS as the company recently elevated the tech industry veteran to be its new chief technology officer. Dufalo previously was director of quality for the browser-based loan origination system. In addition to Dufalo’s promotion, defi SOLUTIONS also enacted other strategic changes in its technology and products teams […] [Read More]

A vast majority of consumers said they would not buy another vehicle from a dealership after their data had been compromised, according to a recent survey given to both dealers and buyers. The second annual dealership survey by Total Dealer Compliance also showed that fewer than a third of dealers employ a network engineer with […] [Read More]

Copart, is expanding one of its locations in the Dallas-Fort Worth area. The company announced Thursday that it would be expanding its location in North Fort Worth, to better facilitate the location’s weekly online auctions. This location is one of four in the Dallas-Fort Worth area. "We are very proud our team's continuous hard work that accommodates […] [Read More]