Two years ago, Cam Hitchcock and Chuck Tapp worked together to create Primeritus Financial Services, one of the lead sponsors again for this year’s Re3 Conference at Used Car Week. Hitchcock and Tapp are collaborating once more; now as part of the leadership of American Auto Auction Group. Tapp, who is the chief executive officer […] [Read More]

Auto Financial Group, an online provider of innovative financing products including CarMark Auto Finance for credit unions and banks, recently named a former HSBC executive to be the company’s new director of remarketing and client relations. Joining AFG’s management team is Paul Marquez, who will oversee the remarketing department and help guide business development. AFG […] [Read More]

General Motors decided not to hesitate with a recall after the automaker discovered a problem with the ignition with new and late-model versions of the Chevrolet Camaro. The automaker said it will recall all current generation Chevrolet Camaros because a driver’s knee can bump the key FOB and cause the key to inadvertently move out […] [Read More]

Manheim announced more than a handful of new general managers on Thursday, promoting six of its auction leaders to GM roles. The promotions include: Bo Beason (Manheim Mississippi) Donny Cohen (Manheim Daytona Beach and Manheim Jacksonville) Doug Kramer (Manheim Central Florida) Eddie Pope (Manheim Houston) Carter Theissen (Manheim Minneapolis) Kim Waterman (Manheim Central California). All […] [Read More]

The second half of Auto Remarketing's 2014 editorial calendar kicks off with our annual Used-Car Market Intelligence Report. In this year's special section, we hone in on four key areas impacting how dealers conduct business — digital marketing, compliance and regulations, leasing and off-lease volumes and developments in dealership employment — plus findings from the […] [Read More]

Web marketing and online reputation company Digital Air Strike is partnering with Edmunds.com to make is easier for dealers to leverage public reviews. The move means Digital Air Strike’s survey technology will be integrated with Edmunds.com to allow dealers to turn consumer survey feedback into public reviews on Edmunds.com — serving to increase the number […] [Read More]

Lithia Motors announced its two latest store acquisitions on Friday, both of which are located in the Northwest. The company said it has acquired Vic Alfonso Cadillac and Braley & Graham Buick GMC, both located in Portland, Ore. The stores will be renamed Buick GMC of Beaverton and Cadillac of Portland Lloyd Center, and are […] [Read More]

Two more individuals alleging discrimination within the Consumer Financial Protection Bureau have been subpoenaed to testify for the Subcommittee on Oversight and Investigations that’s part of the U.S. House Financial Services Committee. Now scheduled to appear during a session set for next Wednesday afternoon are: — Ali Naraghi, an examiner for the Southeast region within […] [Read More]

TransFirst, a provider of transaction processing services and payment enabling technologies, and the National Independent Automobile Dealers Association announced that they have agreed to a new, exclusive relationship for payment processing solutions. Officials explained that TransFirst first acquired a long-standing non-exclusive agreement to provide processing solutions to NIADA members, which has now become exclusive. Now […] [Read More]

Ally Financial chief executive officer Michael Carpenter likes the position the company currently has in terms of where its business development originates. Rather than strictly being a captive servant to an automaker, Carpenter prefers the current situation where Ally can provide a wide array of services directly to dealers, including consumer financing, inventory floor plans […] [Read More]