Organizational changes were announced this week by family-owned Pittsburgh Independent Auto Auction, as several people take on new roles within its executive team.   Named chairman and chief executive officer of Pittsburgh Independent Auto Auction is David Angelicchio. Dennis Angelicchio has been appointed president of the company, and Debra Angelicchio-Jackson was appointed vice president. Company […] [Read More]

With used inventory predicted to loosen this year, Dominion Dealer Solutions revealed Tuesday an addition to its Dominion Inventory suite. The company contends the new Inventory Health offering gives “dealers a quick way to identify areas needing improvement, monitor progress and improve inventory performance.” [Read More]

AutoTrader Group announced Tuesday two more of its companies have completed certification in the Reynolds Certified Interface Program. Joining previously certified VinSolutions are HomeNet and vAuto. Under the group’s structure, HomeNet, vAuto and VinSolutions are part of AutoTrader Group's Software Solutions business. As such, they offer dealerships software tools and related data analytics.   [Read More]

A newly launched service founded by a longtime car dealer is aiming to help dealerships and automakers connect with local same-brand customers and bring them back into the store to trade in or resell their rides. Based out of Costa Mesa, Calif., Hitfigure is designed to not only aid franchised dealers in generating more local […] [Read More]

Joe Verde announced the winner of the sales and management training workshop package from Joe Verde Sales & Management Training stemming from a drawing held at the Best Training Day Ever on Feb. 8 in Orlando, Fla. The recipient was Patrick Sexton, general manager at Legacy Ford Hyundai in Rosenberg, Texas. Verde spoke at the […] [Read More]

CHICAGO — While noticing a surge in non-prime originations, TransUnion came out Tuesday saying that the national auto loan delinquency rate moved higher to close 2012 but continued to remain near historic low levels. TransUnion determined the ratio of borrowers 60 or more days past due ticked up to 0.41 percent in the fourth quarter. […] [Read More]

TORRANCE, Calif. — 700Credit, one of the nation's largest credit reporting agencies offering a suite of value-added compliance services to more than 4,000 dealers, recently formed an integration partnership with ADAM Systems. Officials explained this agreement will allow ADAM Systems dealers seamless and secure access to 700Credit's Web-based credit reporting system and variety of compliance […] [Read More]

CARMEL, Ind. — NextGear Capital recently closed a $1.55 billion securitized bank facility. Led by the Bank of Tokyo-Mitsubishi, the company highlighted the two-year securitized facility provides flexibility and tremendous lending capacity through a large six bank syndicate. Executives noted the new bank facility complements the existing privately placed AAA-rated term bond financing that NextGear […] [Read More]

Vendor Transparency Solutions, an Arizona-based compliance management company, and Michael Dougherty of Weltman, Weinberg & Reis, a large creditors’ rights law firm, are announcing the launch of a series of free Consumer Financial Protection Bureau compliance webinars. Organizers indicated the webinars, each covering different CFPB topics, will be made available to auto lending institutions and […] [Read More]

Expanding its U.S. presence in the online registration and titling marketplace, Dealertrack Technologies entered into an agreement to acquire Casey & Casey NPS, which does business as Auto Title Express. Dealertrack said total consideration for the transaction is expected to be $21.2 million in cash, subject to standard purchase price adjustments. That sum will give […] [Read More]