Commercial banks and credit unions typically work with customers in the prime space, but recent analysis shared by Equifax and Moody’s Analytics was geared to give executives and managers with those institutions some evidence in order to consider borrowers who might fall in the non-prime or even subprime tiers. Before going into a series of […] [Read More]

More than 30 percent of new-vehicle retail sales year-to-date have been leases, helping to push numbers for a few automakers, according to Kelley Blue Book senior analyst Alec Gutierrez. And while the short-term risks are marginal, there’s a bit of a slippery slope when leasing levels are this high, Gutierrez said during a conference call […] [Read More]

At the same time Spireon announced it has reached 3 million active subscribers for its suite of GPS-based vehicle telematics solutions, the company also highlighted this week that it has a new chief executive officer. Taking the reins as CEO is Kevin Weiss, who Spireon is asking to lead the next evolution of its strategic […] [Read More]

AutoVIN, which provides audit, inventory verification and inspection resources, has started a national accounts division and installed an executive director. ADESA, of which AutoVIN is a subsidiary, announced that AutoVIN will have a new national accounts team. The company named Amy Weisenburger the executive director of the team. Weisenburger was previously the manager of business development […] [Read More]

Online vehicle auction company Copart has furthered its international reach, this time with the opening of its first location in the Republic of Ireland. This new location, just outside of Carlow in Castledermot, will serve as the base for Copart’s new Ireland auctions and is the latest expansion across Europe following the company’s entry into […] [Read More]

RouteOne moved within a month to pick a new chief executive officer, elevating one of its executives who has been with the company since its inception. RouteOne’s board of directors named Justin Oesterle as CEO, insisting that he will continue to execute the company’s focused mission of providing systems and services of choice to dealers […] [Read More]

Subprime auto finance provider Western Funding has a new underwriting system that the company claims will cut the time of getting funds to dealerships in half. The company recently announced the release of its new automated underwriting system, which is designed to improve the verification, processing and management of deals and adds automated queues and workflows […] [Read More]

TradeRev, a mobile vehicle appraisal and auctioning system for dealers, has hired Jason McClenahan as Northeast regional sales director. McClenahan will be responsible for leading and growing the sales team and driving the expansion of the TradeRev presence throughout the northeastern U.S. He also will help manage the company’s partnerships with local dealership groups, including […] [Read More]

Auction Academy, a continuing education program developed by TPC Management Co. for professionals in the auto industry, reports that the first half of the 2016 academic year has been a success. In February, Auction Academy rolled out a full schedule of its new quarterly Seminar Series, the first of which was its Dealer Sales session. […] [Read More]

Four of the operators who attended the 18th annual National BHPH Conference hosted by the National Alliance of Buy-Here, Pay-Here Dealers last week offered glowing assessments of what they took away from the Wynn Resort & Casino in Las Vegas. More than 70 speakers and panelists discussed important subjects collected under the theme of “Navigating […] [Read More]