Reversing an improvement that spanned four consecutive months, S&P Global Ratings determined collateral performance for subprime auto loan asset-backed securities (ABS) deteriorated month-over-month in June with net losses, recoveries and delinquencies all weakening. On a year-over-year basis, analysts found that overall performance weakened for both subprime and prime ABS, according to S&P Global Ratings' report […] [Read More]

In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. First up in this series is Jimmy Atkinson, chief operating officer at AUL Corp. Auto Remarketing: What is the current consumer appetite for […] [Read More]

TrueCar provided an update on its Dealer Pledge initiative Sunday, detailing the checkmarks it has made on the to-do list so far this year while also sharing a handful of steps planned for the third and fourth quarters. In late March, the company revealed a series of sweeping changes to its product offerings, data policies, […] [Read More]

TradeRev, a mobile app and provider of a vehicle appraisal and auctioning system for dealers, announced on Monday the company has launched its operations in the Northeast region of the United States with employees on the ground in Boston as well as Connecticut, Rhode Island, New Hampshire and Maine. In making the announcement, TradeRev executive vice […] [Read More]

Auction Management Solutions (AMS) continued to add to its client roster on Monday as the firm now has partnered with Greater Erie Auto Auction in Erie, Pa., for business development consulting. Started in early July by industry veterans Tom Stewart and Richard Curtis, AMS now has eight auction partners, including DAA Chattanooga, DAA Murfreesboro, DAA Memphis, […] [Read More]

Flick Fusion has announced the integration of its SmartFlicks video marketing platform with the DealerHosts Technology Management Solution (TMS) 5.0, a hybrid lead management and CRM system. The integration allows car shoppers’ video viewing data to be captured from auto dealers’ websites, third-party listing sites such as Autotrader or Cars.com, or any other touchpoint from […] [Read More]

Following a study conducted by the Best Companies Group, Auto Remarketing has announced the honorees in the inaugural Best Auto Auctions to Work For. Auto Remarketing, teaming with Best Companies Group (BCG) in Pennsylvania, underwrote the workplace study. BCG staff administered all of the surveys, then analyzed the data from the group of auctions choosing to […] [Read More]

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]