KAR Auction Services announced Wednesday afternoon that it has formed a new Digital Services Group that will be led by Peter Kelly, currently the chief technology officer for KAR. The company said that, among other assets from KAR’s portfolio, the Digital Services Group will combine several businesses and brands, including OPENLANE, CarsArrive Network, and Recovery […] [Read More]

Almost exactly nine months after a Mississippi tornado swept through its property and delivered a mighty punch, Mid-South Auction — which is part of the XLerate Group — is reopening its auction arena and debuting updated facilities on Jan. 27, while also introducing a new general manager. Among the new amenities to the arena are […] [Read More]

The New England Acura Dealers Association (NEADA) will be extending its support for Boston Children's Hospital an additional two years to bring its total pledge to $1 million. The extension follows the NEADA's initial two-year, $500,000 commitment back in late 2012. A portion of the proceeds of every Acura sold at each of NEADA’s seven […] [Read More]

The fact that lease penetration rates have pushed towards the 30-percent range in recent months is “one of the key drivers” to such strong new-car sales, Kelley Blue Book senior analyst Alec Gutierrez said in a conference call with the media on Monday. But what are consequences of such sky-high leasing rates, coupled with the […] [Read More]

As we inch closer to tax season and the positive price movement and sales jumps that normally come with it, depreciation in the lanes continues to ease. Black Book data showed December saw a continued lowering in monthly depreciation, and overall, the company asserts that vehicle prices remained resilient throughout 2014 — better than expected, in […] [Read More]

There are a lot of local options for lunch, but I only go to the sandwich shop with the longest lines. If you know me at all, this makes no sense. I’m the kinda guy who hates waiting! So why do I keep choosing this particular shop? Because it’s the only one that offers a […] [Read More]

Black Book is ramping up it dealer services team with the promotion of Adam Mann. Mann, national sales director since 2013, has been named vice president of dealer services for the Black Book Activator Division. In his new role, Mann will be responsible for leading a team of U.S. sales professionals and executing business development […] [Read More]

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]