One of the fundamental issues dealers have with buying vehicles online is the inability to lay hands on the vehicle and get a true feeling for its condition. Manheim’s Enhanced Vehicle Imaging product aims at curbing such issues. Made in partnership with fellow Cox Automotive company HomeNet, Manheim provides several packages of vehicle image portfolios to […] [Read More]

Fitch Ratings found another place where heightened competition amongst auto finance companies is leaving an impact. The firm’s latest report indicated U.S. prime auto ABS collateral has been marginally weakening in recent months due in part to that competition. Analysts explained that since 2011, credit quality of the underlying pools has declined marginally, but remains […] [Read More]

Security National Automotive Acceptance Co. shared details about the appointment of three senior-level leaders and five new team member additions on Tuesday. The company tapped Mason, Ohio resident Robert Davis as director of collections. Davis most recently served as the area general manager of the Cincinnati and Columbus regions in Ohio for Exeter Finance Corp. […] [Read More]

U.S. Bank named a former high-level executive at Bank of America to lead the institution’s indirect lending group, which provides loans and leases to consumers through automobile, marine and recreational vehicle (RV) dealers. Taking over the role is John Hyatt. “We are pleased to have John join our team,” said Kent Stone, vice chairman and […] [Read More]

DMEautomotive is being purchased by Solera Holdings. An agreement was announced Wednesday morning for Solera to buy the Florida-based company that provides risk and asset management software and services to the automotive and property marketplace. “Combining DMEa’s proprietary technologies with Solera’s existing portfolio will enable Solera’s customers to increase customer retention and drive loyalty through […] [Read More]

The International Automotive Remarketers Alliance (IARA) presented the 2015 Remarketer Of The Year Award to a deserving veteran of the industry this afternoon at the Auto Remarketing Canada Conference in Toronto. This year’s recipient is Gerry Corcoran, remarketing manager at Jim Pattison Lease. Alex Johnston, head of remarketing for Canadian Dealer Lease Services Inc., presented […] [Read More]

Asbury Automotive Group’s management expects the retailer’s Q auto program to show run rate profitability by the end of the year and said the standalone used-car outlet program is actually ahead of schedule on the financial side. In his early remarks during Tuesday’s first quarter earnings conference call, Asbury senior vice president and chief financial […] [Read More]

DealerSocket highlighted a new integration with MyDealerLot (MDL), a provider in the application of radio frequency identification (RFID) technologies for automated guest recognition and vehicle tracking. The company explained this integration enhances the customer experience within the sales and service departments. The tool can strategically alert the sales and service staff that a customer has […] [Read More]

In an event that began Tuesday and culminates at the “It’s a New Season at Manheim Denver” sale, Manheim Denver is in the midst of hosting two days of sales, featuring more than 4,000 vehicles. The auction is celebrating and showcasing its renovated sales lanes, blocks and main office improvements during the event, marking not only its […] [Read More]

Gubagoo announced Monday the upgrades to its ChatSmart platform interface for dealers. The enhancements highlighted by the company for its “smart” chat platform include advanced Google Analytics integration and further device support, which now works on computers, tablets and phones. ChatSmart has also added SMS text-to-chat functionality, which opens up direct communication on mobile devices and […] [Read More]