Former National Auto Auction Association president Gregg Kobel passed away Thursday at age 67, NAAA said in a condolences message Monday. Kobel was the 2007-2008 NAAA president and also served as president and director of the Midwest Auto Auction Association, NAAA said. NAAA also recognized Kobel with its annual Industry Pioneer Award at last year's convention in […] [Read More]

The size of the U.S. subprime population is getting smaller — at least that’s what FICO says. And large finance companies such as General Motors Financial again acknowledged that the segment of its portfolio composed of subprime paper will continue to diminish, too. However, dealerships that participated in KeyBanc Capital Markets’ monthly survey indicated that they’re […] [Read More]

Susan Cafiero, a sales representative for Avalon Honda in Cape May Court House, N.J., received Cox Automotive’s inaugural Breakthrough Leader of the Year Award on Monday. Cafiero accepted the award at a luncheon during the Women in Automotive Conference in Orlando, Fla. She was selected from nominees who met criteria including being a woman with […] [Read More]

Security National Automotive Acceptance Co. (SNAAC) was recently named a top workplace in the Cincinnati area, due to positive feedback from employees. SNAAC announced that it has been selected as one of Greater Cincinnati’s Top Workplaces for the third time in the past four years. The distinction is determined solely by employee feedback surveys complied […] [Read More]

One man’s passion is set to turn into a phenomenal auction opportunity. Joe R. Pyle Complete Auction Co. will auction Pennsylvania car enthusiast John L. Mansell’s unique collection of more than 1928-1982 models — mostly convertibles — over two days in August. Mansell’s longtime love of antique cars blossomed after his purchase in 1960 of […] [Read More]

It’s more than just videos of cats playing the piano or Auto-Tuned oddballs from the local news. YouTube has become “the powerhouse platform for video,” including automotive content, says video advertising technology firm Pixability. The company’s Get Behind the Wheel: Auto in the Premium Video Ecosystem study released Monday said that auto-related YouTube content generated […] [Read More]

DRIVIN has announced it will co-host a dealer webinar with Black Book titled “Grow Revenue with the Right Inventory.” The free, 45-minute session, planned for 3 p.m. EST on Tuesday, will teach dealers how to: — Target their ideal customer — Help their dealership stand out and sell more cars — Efficiently acquire and dispose […] [Read More]

While franchised dealers surely want to turn plenty of used and new metal this summer, the National Automobile Dealers Association suggested that they welcome another kind of “up” who might be equally as important as the potential buyer for a vehicle that’s been in inventory for too long. NADA emphasized the upcoming congressional recesses this […] [Read More]

While Federal Reserve chair Janet Yellen made her semiannual visit to Capitol Hill this week and shared her thoughts on how much interest rates might rise, FICO highlighted how the auto finance customer population that often is charged the highest APR — subprime buyers — dwindled to the lowest level in more than a decade. […] [Read More]

Reflecting the company’s ongoing mission of driving operational compliance for its dealership clients, EFG Companies appointed Steve Roennau as vice president of compliance this week. EFG highlighted that Roennau brings a 30-year history of driving bottom-line results in automotive F&I, sales and product management, giving him strategic insight into the compliance hurdles facing both dealers […] [Read More]