Jason Grubb conveyed a similar message not only to the board of directors that hired him to be the chief executive officer of Exeter Finance, but also the workforce of nearly 1,000 employees that he became entrusted with overseeing about a month ago. During an exclusive phone conversation with SubPrime Auto Finance News on Tuesday, […] [Read More]

The past week represented a busy time of relationship building and integrations for F&I Express, which highlighted developments with Dominion Dealer Solutions, Pearl Technology Holdings and Capital Companies. The string aimed at helping dealership finance managers and other store personnel included Dominion DMS, a division of Dominion Dealer Solutions, which indicated its ACCESS Dealer Management […] [Read More]

Cox Automotive on Tuesday highlighted plans for the unification of Dealer.com’s advertising technology, and OEM and advertising partnerships, with Haystak’s customer service model in an effort to strengthen the benefits of its integrated software solutions. Under the Dealer.com brand, Cox Automotive explained that its automotive retailing clients will have access to a combined advertising offering […] [Read More]

Perhaps spring isn’t ready to bloom just yet in the auction lanes. In this week’s Black Book Market Insights report, analysts acknowledged “no spring market lift so far,” as data from the month of February showed most car segment retention has generally continued to perform weaker than that of trucks. Interestingly enough, Anil Goyal pointed […] [Read More]

Auction Edge has rebranded the auction management system it acquired from Auto Auction Solutions in the fourth quarter of 2015. The new name of Automated Auto Auction System will be EDGE AuctionOS. Since buying what’s now known as EDGE AuctionOS, Auction Edge has brought in six additional auctions that are now EDGE Pipeline, EDGE Simulcast […] [Read More]

Whann Technology Group said this week it is broadening its work with ARI, giving independent auctions the opportunity to sell all ARI off-lease units. Whann Tech said in a news release that Airport Auto Auction in Alcoa, Tenn., is rolling out the Airport Auto Auction Marketplace. This tool will feature, as a pilot, off-lease vehicles from […] [Read More]

A segment of Manheim’s 2016 Used Car Market Report asked a question most buy-here, pay-here operators consider when they scour the lanes or online platforms to find inventory not only that will turn but will last for the duration of the installment contract. To answer the question of what $5,000 will buy, Cox Automotive chief […] [Read More]

It was a tight race at the top, but Galpin Ford managed to rank as the top-selling certified pre-owned dealer for Ford in 2015. The North Hills, Calif., dealership sold 1,464 CPO units last year. As part of our “Best CPO Dealers in the United States” issue this winter, we asked Al Joseph — the general […] [Read More]

With the Federal Trade Commission gearing up for a potential survey of consumers who recently bought a vehicle and financed that purchase through a dealer, the American Financial Services Association and the Consumer Bankers Association recently submitted a letter to the agency asking seven specific questions about what the regulator plans to do. Stemming from […] [Read More]

Less than a month after purchasing all eight Brasher's auctions, ADESA has made yet another big auction purchase move and signed a definitive agreement to buy Sanford Auto Dealers Exchange. The auction is located in Sanford, Fla. ADESA now has five locations in this region, including ADESA Sarasota, ADESA Tampa, ADESA Jacksonville and ADESA Ocala. […] [Read More]