Within a seven-day span that included the co-founder and chief executive officer resigning and the chief financial officer being promoted to take his place, Santander Consumer USA’s parent company reached an enforcement action agreement with the Federal Reserve Bank of Boston. Fed officials on Tuesday broke down a series of tasks Santander Holdings USA must […] [Read More]

AutoAlert announced today it has promoted James Burton to the newly formed role of senior vice president, field operations. Burton previously occupied the position of vice president of portfolio management, where he was responsible for leading the company’s dealer engagement strategy and operations. In the newly created position, Burton will oversee AutoAlert’s sales, training, portfolio […] [Read More]

As part of a collaboration with Google, Larry H. Miller Dealerships has launched an online platform to sell vehicle parts directly to consumers. The e-commerce platform is currently available on 20 LHM dealership websites and will continue to debut on other dealership websites within the group throughout 2015, the company said in Tuesday’s announcement. “Consumers are […] [Read More]

Organizers of the North American Repossessors Summit (NARS), an industry event hosted by American Recovery Association (ARA), set the dates for their eighth annual event, which will be held on April 14-16. The NARS 2016 planning committee members include some of the industry leaders from ARA, Capital One, California Association of Licensed Repossessors and Rocky […] [Read More]

Collective certified pre-owned sales increased double-digits for both Asian brands and European brands in June, including one automaker that had its best-ever month, according to Autodata Corp. Asian brands moved 97,969 CPO vehicles for the month, which beat June 2014 numbers by 14.3 percent. That sum included Kia’s record high month of 6,117 CPO sales, […] [Read More]

Account Control Technology (ACT), a provider in delivering debt recovery and business process outsourcing solutions, recently was named the 2015 Corporate Partner of the Year in the Non-Profit & Corporate Citizenship Awards sponsored by the Los Angeles Business Journal. The award is given to a “for-profit organization in recognition of its impact to single or […] [Read More]

Domestic brands increased their certified pre-owned sales nearly 23 percent in June, pushing year-to-date sales closer to half-a-million, according to Autodata Corp. More specifically, the Big 3 combined to move 78,995 CPO units during the month, which beat June 2014 figures by 22.9 percent. Through the first half of the year, domestics have moved 473,444 […] [Read More]

In comparing the depreciation patterns of car segments versus those of truck segments, Black Book has noticed a “large disparity” bubbling to the surface. And this gap might be most notable when taking a gander at the list of month-over-month used-vehicle pricing changes for the 25 individual vehicle segments that Black Book tracks. The three […] [Read More]

Dealer’s Auto Auction Huntsville announced recently that it raised over $25,000 during its 11th anniversary sale to benefit The Boys & Girls Club of North Alabama. The annual event held at the end of June featured a cookout, live music and prizes while being attended by local dignitaries, civic leaders as well as dealers from […] [Read More]

The financial underpinnings for the private equity firm investment in America’s Auto Auction and affiliated company, Auction Credit Enterprises, received a boost on Monday. Babson Capital Management, a leading global asset management firm with more than $217 billion in assets under management, purchased equity interests to support Trinity Hunt Partners' acquisition of AAA and ACE. […] [Read More]