Fuel efficient vehicles have seen consistent declines in price this year, making hybrid and electric vehicles more affordable options for consumers. Vincentric shared this week that alternative-fuel vehicles are becoming more cost-efficient to own, as well. According to the results of its 2013 Hybrid Analysis, 13 of the 33 hybrid vehicles on the market were identified […] [Read More]

Two auctions within the ServNet family have recently made leadership announcements, as Pittsburgh Auto Auction appointed a chief financial officer and Plaza Auto Auction of Iowa named a sales manager. Starting with Pittsburgh, the auction’s chief executive officer Dave Angelicchio announced that Shelley (Angelicchio) Walker has taken on the CFO role, replacing Bob Bilinsk. Bilinsk […] [Read More]

RALEIGH, N.C. — FNI Inc., a collateral protection and consumer benefit program product and compliance agency for auto finance providers,  tackled what president David Bafumo believes are the top hazards to avoid when offering captive or preferred add-on programs. Bafumo began first by pointing out that properly selected and managed financial institution product programs can […] [Read More]

CHICAGO — This week,  TransUnion launched an enhanced credit information solution called CreditVision, what the bureau described as a new look in consumer credit data reporting that can allow for deeper insights into credit behavior for both businesses and consumers. In conjunction with this launch, TransUnion is offering a suite of CreditVision products, featuring an […] [Read More]

CARMEL, Ind. — On Tuesday, NextGear Capital appointed a new vice president of commercial accounts who previously worked in the salvage auction industry along with posts at Agero and ADESA. Taking on this new role with NextGear Capital is Bradley Walsh, who will be responsible for developing and implementing finance and service solutions for commercial […] [Read More]

CARLSBAD, Calif. — Skip-tracing, repossession and remarketing management firm Del Mar Recovery Solutions recently expanded its call center operations into Grand Rapids, Mich. Company executives highlighted that a year of steady growth across all of their business lines led Del Mar to open its third call center, which will come online during the fourth quarter. […] [Read More]

A growing market trend regarding dealer consignment is at work at Brasher’s Northwest Auto Auction.  Brasher's 64th Anniversary Sale was held here on Sept. 25, with company officials noting that dealer consignment, which was on the rise through the summer months, is continuing to build even beyond a particularly strong showing at the anniversary sale […] [Read More]

Sonic Automotive’s quarterly used retail sales volume and quarterly per-store per-month used-vehicle sales have never been higher. The retailer posted a record 27,632 used retail sales during the third quarter, which put its pre-owned average quarterly volume per-store per-month at an all-time high of 91. These best-ever results were accompanied by across-the-board records throughout Sonic’s […] [Read More]

Skip-tracing, repossession and remarketing management firm Del Mar Recovery Solutions recently expanded its call center operations into Grand Rapids, Mich. Company executives highlighted that a year of steady growth across all of their business lines led Del Mar to open its third call center, which will come online during the fourth quarter. The Grand Rapids […] [Read More]

Hyundai Motor America recently enhanced a recall for 27,500 vehicles — the Genesis from the 2009 through 2012 model years. According to a blog post from Cars.com, these vehicles are being recalled to address potential durability issues with the brake system’s hydraulic electronic control unit. Hyundai told Cars.com that a previous service campaign fixed approximately […] [Read More]