Management from a new wholesale location taking shape in Tennessee highlighted the progress being made to get Music City Auto Auction up and running. Music City AA general manager Tim Sherk indicated that the construction of a facility consisting of 30,000 square feet at 3639 Royal Park Blvd, in Spring Hill, Tenn., is on track […] [Read More]

A federal investigation alleged Hyundai and Kia overstated the fuel economy of six late-model vehicles by 1 to 6 miles per gallon, depending on the specifications of the 1.2 million units involved. And the perceived misstep ended up costing the automakers a sum topping $350 million, one of the largest enforcement actions handed out by […] [Read More]

Kelley Blue Book senior analyst Alec Gutierrez shared the leasing numbers he thinks might “keep auto executives up at night.” KBB expects the new-car market to originate 3.4 million leases by the time this year concludes. So why would top OEM brass walk the floor about that number? Gutierrez pointed out that the expected figure […] [Read More]

Experian Automotive announced early this week its partnership with Headline, an automotive data and software technology company. The pair will work together to provide the automotive industry with a more complete view of the vehicles currently in operation around the world through the combination of Experian Automotive’s AutoCount Vehicles in Operation database and Headline’s AutoStats4All. […] [Read More]

Though the fifth week of October is traditionally one of the weakest for auction prices all year, this past week “didn’t stand out,” according to Ricky Beggs. The Black Book editorial director reported in his latest “Beggs on the Used Car Market” video report that this past week’s performance was the “one positive” for the […] [Read More]

Wolters Kluwer Financial Services announced Monday that Automotive Credit Corp., a Midwest-based provider of subprime financing solutions, joined the AppOne platform. The companies explained AppOne can help to automate the credit approval and compliance processes for finance companies and the dealerships in their networks. This integration can provide Automotive Credit with access to the AppOne […] [Read More]

A former executive at US Bank, Coastal Credit and Security National Automotive Acceptance Corp. (SNAAC) recently joined New-York based OneSource Financial as vice president of sales and business development. Taking on this role for OneSource Financial is Ben Hensley, who comes to the company with career experience in auto finance and banking. Hensley is an […] [Read More]

Along with acknowledging a document request from the Securities and Exchange Commission, Ally Financial reported a new record for used-vehicle originations as the company generated $3.2 billion in used paper during the third quarter. The performance marked two quarters in a row where Ally set a new record for used-vehicle originations. The company’s year-over-year increase […] [Read More]

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]

DriveChicago.com and Automotive Internet Media have partnered up to assist its dealer members to increase their exposure to automotive customers. Tony French, AIM’s president, believes the partnership will help drive traffic toward the inventory, dealerships and brands that their dealer members possess. “Automotive portals are fantastic for helping auto shoppers find vehicles,” French said. “DriveChicago.com […] [Read More]