In 28 years with Ally Financial, Robert Stahl has done a little bit of everything. He has worked a repo lot, had multiple leadership tenures in remarketing, ventured into subprime finance and was involved in helping the SmartAuction online platform get off the ground. But one lesson that has stuck with Stahl since his first […] [Read More]

American Auto Auction Group has officially rebranded, chief executive officer Cam Hitchcock announced at the National Remarketing Conference today. “We are excited to officially launch the XLerate brand today. Our team believes that the new brand, which incorporates the attributes of speed and size, will directly benefit our customers throughout the United States,” Hitchcock said in […] [Read More]

A recent report from Requisite Press showed that used cars are still most often the fiscally responsible way to go for the majority of American families. According to the October 2014 Auto Buyer’s Affordability Index (ABAI), which is currently at 54.1, a "prudent, median-income household" can only afford 54.1 percent of the new-car average price. […] [Read More]

As election results came in last week, the polls showed one West Virginia auto dealer caused quite an upset. Mark Maynard, who owns a small towing business and car lot in Genoa, W. Va., overcame 32-year incumbent Truman Chafin in the 6th District of West Virginia’s Senate race. Chafin has held the position from 1998 […] [Read More]

Insurance Auto Auctions announced Wednesday the launch of a new feature for its CSAToday app for iOS. The feature, Vehicle Assignment, is the first mobile vehicle assignment feature on an iOS device for the salvage industry, the company reported. Vehicle Assignment allows customers of CSAToday “anywhere” access to begin an assignment with IAA while also […] [Read More]

Both Nissan and Honda have recently reported recalls related to passenger airbag issues — adding to the recent influx of such statements in light of the Takata airbag advisory. In other words, the number of vehicles recalled because of faulty Takata airbags is growing — and expected to continue to expand as we head toward […] [Read More]

Though ADESA’s monthly analysis of used-car prices showed a slight uptick from September, this bump in price may not accurately portray the current environment in the lanes. According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices by vehicle model class, auction prices were up 1.3 percent to an average of $9,678 last […] [Read More]

Dealers selling aged inventory as well as those picking up used cars at independent auctions now have a new transportation option for these vehicles, thanks to Whann Technology Group's new partnership. The company has selected online transport marketplace uShip to power its Whann Logistics platform. The WTG-uShip partnership will work to help dealers get vehicles […] [Read More]

Interested in honing your ability to securely locate, recover and communicate with your portfolio of leased and financed vehicles? In real time? Tune in to the latest SubPrime Auto Finance News webinar, on Wed., Nov. 19 at 2 p.m., where editor Nick Zulovich will be hosting CalAmp’s vice president Scott Stone to discuss the 5 […] [Read More]

With the new- and used-car market booming, it seems subprime buyers are getting a piece of the pie — and many of these consumers are using credit unions to fund these vehicle purchases. TransUnion released the results of an October survey of 142 credit union executives, and responses flowed in that illustrated the current health […] [Read More]