A former Senate-confirmed Treasury Department official took the reins as president and chief executive officer of the American Bankers Association on Monday. Back in May, ABA board of directors unanimously selected Rob Nichols to succeed former Oklahoma Gov. Frank Keating, who headed the ABA since January 2011. Keating announced early this year that he would be […] [Read More]

OMVIC announced today the beginning of its four-week campaign to spread awareness of all-in price advertising for car buyers in Ontario. Terry O’Keefe, OMVIC’s director of communications and education, says there is a surprisingly low amount of awareness of the policy in the region. “Only 29 percent of Ontarians know that if they see a […] [Read More]

Thanks to technology, today people look for speed and efficiency in everything they do more than ever before — and the car buying process is no exception. Carrying the stigma of being time-consuming, even called “painful” by customers, how can dealers and lenders make the process of purchasing a car faster, more efficient and a […] [Read More]

Perhaps another component of why credit unions are so aggressive in expanding their auto portfolios is their collective relationship with dealerships is as good as it’s ever been. That’s the sentiment conveyed by CU Direct executive vice president Jerry Neemann when SubPrime Auto Finance News connected with him shortly after TransUnion released its annual survey of […] [Read More]

Exeter Finance Corp. appointed a former Capital One executive to the post of executive vice president, analytics and marketing. Taking on this role effective on Monday was Brian Donohue, who Exeter highlighted as an accomplished financial services executive with broad strategic, analytical decisioning and operational management experience. Donohue most recently served as vice president of […] [Read More]

The TPC Management Co. announced that it has promoted Jiles Wanna to the position of partner with the firm. Wanna has been with TPC for 11 years, serving as the director of business development as well as a member of TPC’s administrative staff for the Auction Academy and ServNet Auctions. “Jiles has been a long standing and […] [Read More]

Edmunds.com has launched a new customized tool called Edmunds Express that is designed to help dealers save time, close sales faster and foster trust with the consumer. And it doesn’t just revolve around price; it provides an easier path for the dealer to validate the trade-in offer and the perks of cars in the store’s […] [Read More]

Insurance Auto Auctions announced Thursday the expansion of its branch in Austin, Texas. The facility now encompasses 57 acres and offers what IAA says is an improved auction experience. Relocated in 2012, the venue began with 37 acres with two covered run-and-drive lanes and 250 feet of covered motorcycle and high-value vehicle storage. “Our expansion […] [Read More]

It’s one thing to appear to have a huge social media following. But if you’re not actively engaged with your customers, it may all be for naught. That’s the message from Naked Lime Marketing’s vice president of sales Chris Walsh, who spoke at the Automotive Social Media Summit 2015 in June. “Using social media for […] [Read More]

TransUnion’s data shows credit union auto loan origination volume grew at a rate more than double the pace of the entire industry. Findings from a survey of 90 credit union executives TransUnion released this week also highlighted these institutions’ appetite for auto paper certainly isn’t waning; it's perhaps even becoming greater. TransUnion’s survey revealed that […] [Read More]