Re3 Conference panel discussion moderator and Intellaegis president John Lewis needed some time to comb through the debt collection regulation proposal released by the Consumer Financial Protection Bureau about two weeks ago. While much of the CFPB’s latest material is geared toward third-party collections, Lewis cautioned repossession companies that are already struggling to maintain compliance […] [Read More]

Findlay Automotive Group recently purchased a Jaguar franchise to add to its Land Rover Las Vegas store. The franchise was previously owned by Gaudin Automotive Group, which managed it for nearly 30 years. The transaction was completed July 1. Financial details were not disclosed. As the only exclusive Jaguar Land Rover Centre in Southern Nevada, Jaguar […] [Read More]

Like dealers, executive vice president and chief economist of ADESA Analytical Services Tom Kontos is grappling with the challenge of stop-sales, too. According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices by vehicle model class, wholesale used vehicle prices in July averaged $10,362 — down 2.0 percent compared to June but up […] [Read More]

Tru Images, an automotive software provider specializing in automotive imaging solutions, has hired Glen Garvin to be president.  Garvin joins Tru Images after more than 20 years of automotive experience specializing in merchandising and inventory management. His most recent position was as national sales director for AutoSoft, a DMS provider.  “We are ushering in a new era […] [Read More]

Credit Acceptance chief executive officer Brett Roberts approached the topic of competition from three different angles when the subprime auto finance company took questions from investment analysts who wanted more details about its second-quarter performance, which included a year-over-year rise of more than $10 million in consolidated net income. The first way Roberts described how […] [Read More]

Metrolina Credit Co. recently made a significant addition to its senior management team by naming Todd Brister as director of branch operations. For the past two years, Brister served as senior executive manager and portfolio director at Michael Wayne Investment Co. out of Virginia Beach, Va., overseeing the financing services division of The Auto Connection.  […] [Read More]

While the industry and consumers alike are reeling from the massive Takata airbag recall, another airbag manufacturer has come under heightened scrutiny after one of its products was linked to the death of a Canadian driver last month. The National Highway Traffic Safety Administration opened an inquiry into Tennessee-based ARC Automotive last summer based on […] [Read More]

Carvana announced a new funding round Wednesday morning that pushes its total funding toward half-a-billion dollars. With the $160 million Series C funding, the online car retailer’s funding is now at $460 million. Carvana said in a news release that it plans to put the latest round toward growth moves like the expansion of physical […] [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. Next up in this series is Jared Rowe.   (UPDATE: At time of publication, Rowe was president of the […] [Read More]

On Tuesday, Edmunds launched what the company called Edmunds Ad Solutions, a new mobile-optimized ad product for dealers to target in-market vehicle shoppers on Facebook and Instagram. Site officials explained Edmunds Ad Solutions uses exclusive first-party shopping data from Edmunds to serve shoppers with highly relevant native ads on Facebook and Instagram to drive buyer […] [Read More]