Automotive Finance Corp. promoted Joe Keadle to senior vice president of operations on Wednesday. The business unit of KAR Auction Services indicated Keadle will report directly to John Hammer, AFC chief executive officer and president. In his new role, Keadle will oversee all field operational functions including branch operations, sales and training. The company added […] [Read More]

Officials from defi SOLUTIONS announced this week that their Loan Origination System (LOS) is now integrated with Dealertrack Technologies’ eDocs Solution. Dealertrack recapped that its eDocs Solution is a comprehensive tool for scanning, processing, imaging, data entry, verification and automatic booking of paper contracts. The integration between Dealertrack’s eDocs and defi SOLUTIONS’ LOS is designed […] [Read More]

GO Financial executives announced on Wednesday that they completed the sale of an additional equity interest in the subprime auto finance company to Manheim through a deal that was effective at the close of this past year. Last April, the companies revealed Manheim’s initial substantial equity investment in GO Financial, which is owned by Manheim […] [Read More]

CNW Research is upbeat about how much subprime paper is going to flow into finance company portfolios this year. In a special projection report released on Tuesday, CNW is expecting subprime approvals to improve in 2015, but not quite to the same level as this past year. President Art Spinella pegged the year-over-year improvement projection […] [Read More]

Recapping a month where auction values jumped 0.9 percent year-over-year, Kelley Blue Book has shared the 10 individual models whose prices climbed the highest in the lanes during December. In its latest Blue Book Market Report, the company took the Kelley Blue Book Auction Value of 2011 through 2013 model-year vehicles, then listed the following […] [Read More]

Fueled by a double-digit gain in December, AutoNation turned 8 percent more new vehicles in 2014 compared to the previous year. The largest publicly traded dealer group reported on Tuesday that company franchised dealerships retailed 320,804 new models. The new-vehicle unit sales for AutoNation's operating segments were as follows: — 97,656 for domestic, up 6 […] [Read More]

The National Auto Auction Association is hosting its “Stay in Sync with NAAA’s Arbitration Policy” webinar on Jan. 16 at 2 p.m EST. Matt Arias, the NAAA Auction Standards Committee co-chair and director of arbitration for Manheim, will be on hand to review the changes to the NAAA Arbitration Policy, which will go into effect […] [Read More]

It may be time for dealers to spend a little extra time highlighting that satellite radio subscription or push-start ignition, since according to recent research, shoppers are willing to pay more for advanced vehicle technology. In fact, according to the “2015 AutoTrader.com Car Tech Impact Study,” most than half of vehicle owners are willing to pay […] [Read More]

Sheehy Auto Stores has announced the distribution of its combined donations of more than $100,000 to charities in the various communities that it serves, including the Washington, D.C. area; the Baltimore and Annapolis, Md. area; and the Richmond, Va. and Ashland, Va area. In the Washington area, Sheehy’s dealerships donated $50,000 to charities, ranging from programs such as […] [Read More]

In discussing potential automaker incentive spending amid forecasted slower new-car sales growth in 2015, AutoTrader.com senior analyst Michelle Krebs — who said this year will be a “true test of the discipline in the auto industry” — added this “twist” involving the used-car market. “Not only are new-car sales not going to increase at the […] [Read More]