Remarketing of America announced that Kevin Parmenter has joined the company as its new remarketing manager, effective immediately. In this role, the full-service recovery and remarketing provider indicated Parmenter will provide leadership within the organization and ensure that ROA achieves its core mission to enhance client experience through increased sales returns, efficient cycle times and […] [Read More]

Black Book editorial director Ricky Beggs used his weekly online video report to share a recent conversation he conducted with leadership of the International Automobile Remarketers Alliance. Along with sharing background about their professional careers, IARA president Levi McCoy of LeasePlan and alliance executive director Tony Long discussed a wide array of wholesale market issues. […] [Read More]

Need proof the off-lease volume surge may have already arrived? Ford Credit’s lease return volume in the first quarter was more than double the total from a year ago, according to metrics from Ford’s 2014 first quarter fixed income presentation that Manheim Consulting chief economist Tom Webb shared on his blog. It was also significantly […] [Read More]

Vehicle transportation company MetroGistics has named its director of strategic accounts. Now responsible for maintaining relationships with key customer accounts, as well as growing MetroGistics’ customer portfolio, is Adam Laura.  “Having Adam onboard to help develop and grow our strategic account portfolio will be a great addition to our sales team,” said Scott Naz, managing […] [Read More]

As wholesale prices begin to come down, pre-owned retail prices ticked up this month after remaining relatively consistent for most of the first quarter. But some of the pricier units bucked the trend, making up nine out of the top 10 vehicles that saw the biggest price drops in April. According to a recent post […] [Read More]

With a new website at its disposal, CashCall Auto is looking to grow its portfolio above the $6 million mark that the company needed only a few months to reach. CashCall Auto vice president of loan servicing Louis Ochoa explained each dealership in the company’s network is assigned its own sales, credit and funding staff […] [Read More]

US Equity Advantage, a provider of bi-weekly and early loan payoff services to the automotive industry, announced that veteran F&I expert Karena Raino-Nevratakis joined the company as regional account manager for the western United States. The company highlighted Raino-Nevratakis’ primary responsibility will be to provide training and sales support to dealerships in Washington, Oregon, California, […] [Read More]

General Motors Financial is not booking as much subprime paper for its parent automaker as it was a year ago, but company leadership isn’t alarmed by the modest decline experienced during the first quarter. The lender’s share of subprime contracts associated with GM vehicles in Q1 came in at 31.8 percent. That figure is down […] [Read More]

As Earth Day rolled around last week, analysts took a look at the fast-growing hybrid and electric vehicle segments, which have become increasingly popular given how more and more consumers are focusing on environmental sustainability while looking for their next vehicle. While Experian Automotive looked at the financial factors behind why a consumer chooses to […] [Read More]

As part of a partnership announced Monday morning, Black Book has become the official vehicle valuation service of Cars.com. With this deal, Cars.com customers will be able to utilize the same Black Book valuation that dealers use to price vehicles. “Cars.com is a leader in providing consumers with the resources they need during the buying […] [Read More]