Why do you love selling cars? This is a question I love to ask dealers. Usually, if I’ve had a chance to get to know them, I can guess. It’s usually one of these four things: The thrill of the chase. The do-or-die, make-it-or-break-it lifestyle of a salesperson is an exciting way to live. You […] [Read More]

I pressed “send” on the email to notify recipients of the inaugural “Remarketing & Used-Car Industry’s 40 Under 40.” It wasn’t even five minutes later that I got the first response back. Then another. And another, and another. It went on like that for a while. As a magazine editor, this was awesome; folks in […] [Read More]

Copart recently announced the winners of its second annual Copart Rebuild Challenge, whose participants were tasked with showing how they restored, customized or rebuilt a vehicle. Automotive enthusiasts and rebuilders from across the country submitted their rebuild projects, aiming for the $2,000 grand prize. After narrowing down the submissions to the top 10, thousands of […] [Read More]

Insurance Auto Auctions announced on Monday that Tim O’Day will join the KAR Auction Services business unit as senior vice president of finance reporting to John Kett, chief executive officer and president.   With almost 30 years of experience in finance, operations and general management, IAA highlighted O’Day has a combination of big-company, start-up and high-growth […] [Read More]

Unlike a college student scrambling to submit an assignment on time, there doesn’t appear to be much turbulence in the auto finance space since the larger participant rule from the Consumer Financial Protection Bureau went into practice on Monday. Previously, the bureau supervised auto financing at the largest banks and credit unions. Now, this rule […] [Read More]

Experian Automotive noticed captive finance companies increased their appetite for risk a bit during the second quarter. According to the latest State of the Automotive Finance Market report, the year-over-year change for captives in the highest risk segment — buyers with credit scores below 600 based on the VantageScore 3.0 scale — showed a jump […] [Read More]

For stores looking to diversify their offering or potentially expand or revamp their facilities, Blue Bridge Financial, a direct lender and national provider of small business financing, joined with the National Independent Automobile Dealers Association as NIADA's latest National Member Benefit partner on Monday. Blue Bridge Financial has been an alternative lending source since 2009, […] [Read More]

American Auto Guardian — a provider in developing, marketing and administering vehicle service contracts and other automotive aftermarket products — rolled out its newly developed mobile application to its agents during the company’s product launch earlier this month. Company officials highlighted that “storing paper contracts in the glovebox is now a thing of the past” […] [Read More]

Today, Element Financial Corp. will finalize its long-anticipated acquisition of GE Capital’s U.S.-based fleet management operations. According to William Cieslak, Element Fleet Management’s vice president of vehicle remarketing, all portions of GE Capital Fleet Services in the United States will transition from the GE brand immediately. Element had previously announced in June that it and GE Capital had […] [Read More]

The National Alliance of Buy-Here, Pay-Here Dealers is bringing together seven of the most experienced, knowledgeable legal experts who have several decades of collective experience in the auto regulatory world for the 12th annual NABD East Coast Conference. The conference theme is “More Success, Less Risk,” and the event is designed for both new and […] [Read More]