Central Arkansas Auto Auction in Beebe, Ark., has named Jacob Warren as vice president and chief operating officer. Auction owner Cole Hooten cited Warren’s 20-year history in the remarketing industry and background in team leadership and auction operations. “All of us at CAAA are excited to welcome Jacob to our team,” said Hooten, a third-generation […] [Read More]

Cox Automotive has added automatic adjustments for factory-installed options and packages to its Manheim Market Report wholesale vehicle valuation tool, calling “an industry first.” The company said the addition is possible because of the integration of OEM build data with Cox Automotive’s first-party transaction data and proprietary modeling, which it said creates “an unrivaled level […] [Read More]

Both public and private organizations want to keep cloud-based financial systems from turning into big storms for everyone involved. The U.S. Department of the Treasury and the Financial Services Sector Coordinating Council (FSSCC) recently published a suite of resources to share with financial services institutions on effective practices for their secure cloud adoption journey. These […] [Read More]

The penultimate pillar of six that make up Alfa Systems 6 is now available. Alfa, a provider of enterprise software for automotive finance, recently launched of Intelligent Automation, which is designed to harness cutting-edge cognitive technologies, including predictive modeling, to empower customers to create efficiency gains through a variety of intelligent, automated decision-making tools. Meant […] [Read More]

It’s the heat of summer nationwide, but perhaps you could make the argument that things are frozen when considering auto financing and interest rates. Evidence of how frosty things might be within auto financing surfaced from the most recent findings of the Survey of Consumer Expectations (SCE) developed by the Federal Reserve Bank of New […] [Read More]

The National Auto Auction Association is rebranding its spring meeting and moving the event to April, where it will lead into the association’s World Automobile Auctioneers Championship. The NAAA Spring Remarketing Exchange, which was previously NAAA Total Access and held in conjunction with the NADA Show, will run April 22-23 at the Renaissance Phoenix Downtown. […] [Read More]

It hasn’t had quite the swings of, say, electoral politics in the past decade (or past month). But the ups and downs of used-vehicle prices in the last five years might rival the volatility of any other industry. According to the latest Industry Insights Report from Cars Commerce, the monthly average list price for used […] [Read More]

One of this year’s Emerging 8 honorees rolled out a tool designed to save more than 30 minutes per transaction at a dealership. CheckMy Driver, built by Modives, is geared to help dealers who typically must spend 30 minutes or more verifying insurance and ID during each delivery, what company executives acknowledged as “wasting time […] [Read More]

The ransomware attacks and phishing schemes bombarding dealerships nowadays prompted Botdoc to form a pair of partnerships. First, the specialist in secure digital transportation technologies partnered with KPA to provide dealerships with what they contend is an affordable, seamless and compliant solution to manage their consumer data. Then, Trust Stamp announced a partnership with Botdoc […] [Read More]

Taylor Bentley Conner has opened another door for women. The general manager of Howard Bentley Buick GMC in Albertville, Ala., is now the first female dealer principal in the company’s history. Conner had served as the dealership’s GM since 2018 and began pursuing application for dealer principal with General Motors as her role evolved. During […] [Read More]