Implemented in less than seven months, White Clarke Group’s CALMS2 Platform has automated application submissions and decisioning for Exeter Finance’s recently launched Strategic Originations Channel. Officials indicated that now 100 percent of Exeter’s channel applications are pushed through this platform. White Clarke believes the new system gives Exeter a competitive advantage in recruiting strategic alliances. […] [Read More]

The State Government Affairs Committee of the American Financial Services Association published a white paper focused on the impact of consumer complaints. AFSA highlighted the paper details the varying ways that state regulatory bodies and federal agencies collect, report and use consumer complaint information to inform their rulemaking activities. Officials noted the paper takes a […] [Read More]

Coming off an appeal to remain listed on Nasdaq, the board of directors at Nicholas Financial voted to terminate an agreement to be acquired by Prospect Capital Corp., through a deal that hit snags because of demands by the Securities and Exchange Commission. During a meeting last week, the company’s board determined certain conditions requisite […] [Read More]

NewCarSellOff.com may not be a brand new site — first launched in 2012 — but it’s back with a new look and a few new tools to benefit dealers, says Rick Balkan, chief executive officer and president of the third-party site. Balkan said that many of the site additions, such as reviews, fuel economy ratings […] [Read More]

Announcing a deal Sunday valued at more than $360 million, Lithia Motors and DCH Auto Group entered a definitive agreement to combine their companies — a transaction that would merge two of the largest dealer groups in the country. Per the agreement, Lithia will buy up the entirety of DCH’s outstanding shares for approximately $340 million […] [Read More]

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]