June is looking like it will turn out to be a successful month for new- and used-car sales, even as the industry moves into the summer season that normally spells a slowdown after tax season highs. According to TrueCar data, used-car sales from franchised and independent dealers as well as private-party sales are estimated to […] [Read More]

KAR Auction Services chief executive officer Jim Hallett has won the EY Entrepreneur Of The Year 2014 Award in the consumer category for the Midwest and is now eligible to compete for national honors. An independent panel of judges selected Hallett as the winner of this award, which honors entrepreneurs for demonstrating excellence and extraordinary […] [Read More]

Extending a string of recent business developments, F&I Express finalized a strategic partnership on Tuesday with Supreme Software — The Dealership Tracker. The alignment formed integration creating a network that offers more than 60 providers that Supreme Software dealerships may gain access to for eRating, eContracting, eRegistering and remittance Officials highlighted the alliance means there […] [Read More]

Earlier this week, Credit Acceptance Corp. announced that it extended the maturity of its credit facility with a commercial bank syndicate from June 23, 2016 to June 23, 2017.  The company indicated there were no material changes to the terms of the facility. The credit facility continues to be secured by a lien on most […] [Read More]

Equifax determined the total dollar amount for subprime vehicle financing originated in March surged higher than any single month going back seven years. Credit bureau analysts found that subprime auto loans in March came in at $13.1 billion, marking an 8.8-percent increase year-over-year. Equifax had to go back to March 2007 to find a figure […] [Read More]

Nissan Motor Acceptance Corp. named its 2013 Auction of the Year on Tuesday, presenting the honor to Manheim New Jersey. This award is given to the top-performing auction in terms of superior operations, sales performance, effective marketing and value retention. NMAC said Manheim New Jersey, “delivered a solid sales performance based on percent sold and […] [Read More]

Philanthropic activities continued by ServNet auctions recently with a pair of inaugural events orchestrated by two member facilities — KCI Kansas City and Dealers Auto Auction of the Rockies. Back on May 8, KCI Kansas City held the first KCI Cares charity auction of the year with the proceeds benefiting Sheffield Place. Since Sheffield Place […] [Read More]

As part of its ongoing commitment to introduce products and services that drive business growth for customers, Manheim tapped on Tuesday two former NextGear Capital executives to be new vice presidents of national accounts. Now reporting to Manheim vice president of commercial sales Rich Coutu are Peter Grupposo and Janet Hendrixson. “We’re excited to have […] [Read More]

With any new product and marketplace there’s a learning curve, and we’ve recently gained more knowledge about what it takes to manage the “art” of posting to eBay classifieds. We want to share the Top 5 Best Practices we’ve learned over the last few weeks with you: 1. New eBay accounts require some “seasoning”, similar […] [Read More]

A new study recently coming out of Warwick University has concluded that happiness levels can increase productivity by a staggering 12 percent. To me, this seems obvious, but I have seen many work places where you can feel the tension when you walk in Why? Most likely there is a “boss” there, and not a […] [Read More]