David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices, suspects that two factors could “hint of future default rate increases.” However, auto financing wasn’t one of the ones Blitzer mentioned on Tuesday when the June S&P/Experian Consumer Credit Default Indices were released. The June auto loan default rate came […] [Read More]

Insurance Auto Auctions Inc., a business unit of KAR Auction Services with more than 170 locations throughout North America, announced the expansion and improvement of three of its facilities in Texas. An expansion at IAA Corpus Christi brought the facility to about 12 acres. This location, which became officially operational as of May 1, was […] [Read More]

Dent Wizard International, a provider of automotive reconditioning and SMART (Small to Medium Area Repair Techniques) repairs, recently appointed Paul Spears as regional operations director for the company’s Mid-South region. Spears will be responsible for leading Dent Wizard’s safety and compliance efforts, as well as providing additional operational support for the company’s paint shops and […] [Read More]

Integrated Auction Solutions, which bought AWG Simulcast and AuctionMaster Technologies last month, announced its executive team on Tuesday. Greg Levi is the managing member, while Peter Levy will run day-to-day operations as vice president of sales and marketing. Marc Holstein is vice president of operations for Europe. Matt Addams is vice president of development for […] [Read More]

Not long after Volkswagen made some progress in satisfying “Dieselgate” issues with federal regulators, the automaker is now facing lawsuits filed by three highly populated states that reportedly have more than 50,000 of these vehicles — New York, Massachusetts and Maryland. On Tuesday, the attorneys general from those three states announced lawsuits against Volkswagen as […] [Read More]

As a dealer, you may have found that customers have some interesting notions about leasing. Or maybe you’re in the finance arena and you’ve observed that people are in the dark about how the numbers work. Enter Scot Hall, who you might say wants to do some auto lease myth busting. The executive vice president of […] [Read More]

Jumpstart Automotive Group, a division of Hearst Autos specializing in marketing and advertising solutions, on Tuesday announced an exclusive ad sales representation agreement with Autolist.com. San Francisco-based Autolist is a rapidly growing auto publisher with more than 4.4 million new, used and certified pre-owned vehicles for sale across the U.S. Autolist uses a mobile-first approach […] [Read More]

Summer barbeque season brings out summer barbeque conversations. I was gathered around the barbeque with friends when the discussion became heated.   The topic? No, it wasn’t the merits of grilling with charcoal versus gas but whether to buy or lease a car. It’s a hotter topic today than ever since we’re looking at an […] [Read More]

While wholesale prices seem to be moving at a “normal rate,” Black Book representatives in the lanes this past week noticed dealers didn’t come to auction as much as summertime heat became entrenched from coast to coast. This week’s Black Book Market Insights report relayed the sentiment from Missouri that indicated, “Consignment and attendance were […] [Read More]

ADESA Canada announced it has integrated CARPROOF’s Vehicle Valuation Report into its auction system. Subscribing dealers can now access a vehicle’s True Retail Sold value directly from ADESA’s Market Guide through a seamless integration with CARPROOF’s VVR. "We feel that dealers will find tremendous value in this tool," Trevor Henderson, chief operating officer at ADESA […] [Read More]