KAR Auction Services has promoted Jay Bahel to the position of vice president of strategic initiatives, the company announced Monday. His duties in the new role include playing an integral role in building and executing company growth initiatives, while implementing technology to simplify internal and customer-facing processes, the company said. Making the announcement was KAR […] [Read More]

Fiserv announced its auction award winners on Monday, and the top-performing accolade went to the same location for the second year in a row. Taking the 2014 honor from Fiserv was Carolina Auto Auction for its continued outstanding customer service and strong sales results. Carolina AA, based in Anderson, S.C., also received this award for […] [Read More]

Manheim announced Thursday that it has expanded its mobile auction network by adding two trucks to the 14 mobile units already in operation. The company also announced that it will add up to eight more by the end of the year, bringing the total count for its mobile fleet up to 24. The new mobile […] [Read More]

Auction Direct USA is jumping into the certified pre-owned space.  It was announced Monday that Auction Direct USA, which is one of the largest independent used-car retailers in the U.S., has partnered with the National Independent Automobile Dealers Association and will be offering NIADA Certified Pre-Owned vehicles at its stores. “We couldn’t be more excited […] [Read More]

General Motors Financial is less than two quarters into its strategic adjustment of originating more prime paper than the finance company ever has in part to its enhanced relationship as the captive for the parent automaker. But GM Financial is already seeing how more prime customers in its portfolio is leaving an impact on its […] [Read More]

Enhancing a relationship that’s already existed for several years, Ally Financial and Mitsubishi Motors North America on Monday announced that Ally will become the preferred financing source for Mitsubishi Motors in the U.S., replacing the brand’s captive finance company, Mitsubishi Motors Credit of America. The agreement broadens the existing relationship between Ally and MMNA, continuing […] [Read More]

BillingTree recently expanded its leadership team with a trio of appointments. First, Nils Krumins now is senior director of professional services. The company also promoted Chad Probst to vice president of sales and business development. BillingTree indicated both of those appointments are focused on expanding the company's leading payment technology and services offerings following the […] [Read More]

In an effort to enhance the celebration of its 19th year of operation, subprime auto finance company National Auto Lenders rolled out a new logo and tagline. The marketing strategy is all part of NAL continuing to expand into new territories to work with both franchised and independent dealerships. The company is already well-established in […] [Read More]

Announced during the 2015 Auto Remarketing Canada Conference in Toronto last week, XLane Holdings Inc. will work as a technology provider to power a new Digital Showroom program for FCA Canada Inc. FCA Canada — the inaugural winner of the Auto Remarketing Canada Tech Titan award — explained this new tool is designed to offer […] [Read More]

Lithia Motors president and chief executive officer Bryan DeBoer isn’t backing down from his objective that each of the group’s 130 dealerships in 14 states turn at least 75 used vehicles each month. In fact, DeBoer pointed to a pair of reasons as to why the company can see a lift from the average of […] [Read More]