In a Black Book graph showing year-to-date used-vehicle value movements, the trend line for trucks shows more waves than the line for car segments. But lately, both are consistently moving downward, the company said in the latest Black Book Market Insights report. “Both car and truck segments are starting to show a consistent depreciation rate […] [Read More]

Steve Burrows has joined the management team of North Bay Auto Auction as fleet-lease director of remarketing. He will take the lead in representing North Bay Auto Auction to regional and national commercial accounts.  "We are very happy to welcome Steve Burrows to North Bay Auto Auction," Don Morrow, president and chief executive officer of […] [Read More]

TradeRev has made three additions to its leadership team, bringing aboard Julie Derybowski, Sachin Bhalla and Cara Gray. Derybowski will serve as executive director of U.S.  operations, managing essential functions to optimize sales productivity. Bhalla will be director of marketing and will be responsible for building the TradeRev brand plus the overall marketing innovation strategy in Canada […] [Read More]

For dealerships in both the U.S. and Canada looking for certified pre-owned inventory, General Motors Financial is hosting a series of wholesale events where used-car managers might be able to find exactly what they seek. GM Financial recently kicked off its annual elite sales series, which can give dealers exclusive access to hundreds of the […] [Read More]

As the overall default reading recorded its lowest point dating back a decade, the auto loan segment of the S&P/Experian Consumer Credit Default Indices made another move away from the 1-percent level in May, dipping 5 basis points below the previous month’s reading. According to data through May and released on Tuesday by S&P Dow […] [Read More]

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]