HOUSTON — Provider and administrator of F&I products and reinsurance structures for the automotive industry GSFSGroup revealed this week that it has appointed a chief financial officer. Tapped for the position is Dianna Dryer. Dryers responsibilities will include “leading the GSFSGroup’s efforts to develop new programs and sustainable back end processes that will enable GSFSGroup […] [Read More]

RALEIGH, N.C. — Because of so much interest in a new open-source, freeware version of its IBEAM Web portal coming to the agent and lender community, Consolidated Asset Recovery Systems is planning a free Webinar to explain the product. CARS management will conduct an hour-long session beginning at 3:30 p.m. ET on Thursday. The company […] [Read More]

FORT WORTH, Texas — As reported sources discussed the company's latest selling of asset-backed securities, General Motors Financial confirmed retirement plans for one of its top executives. GM Financial announced earlier this week that Brian Mock, the company's executive vice president of consumer services, decided to retire upon the completion of an "orderly transition period," […] [Read More]

DALLAS — This week, Cars.com selected RoadLoans.com as its exclusive lender for its online customers looking to get pre-approved auto financing as part of their shopping experience. Potential buyers who visit Cars.com, newcars.com or pickuptrucks.com will have the option to select financing as part of their search for a particular vehicle. Once at the Car […] [Read More]

Online marketplace Autobytel revealed today it hit a benchmark milestone at the first quarter of this year came to an end. The company celebrated surpassing more than one million views to its YouTube Channel, which was launched in mid-December of last year. “The popularity of Autobytel’s YouTube channel demonstrates the quality of and demand for […] [Read More]

Auto Data Direct now offers real-time access to 25 state databases for qualified companies such as lenders and repossession agents thanks to the addition of vehicle records from Wisconsin. Currently, ADD offers real-time access data in Alabama, Arkansas, Florida, Georgia, Idaho, Kansas, Louisiana, Maine, Maryland, Kentucky, Michigan, Mississippi, Missouri, Montana, Nebraska, New Mexico, New Jersey, […] [Read More]

If consumers take advantage of the latest used-vehicle pricing trend spotted by NADA Used Car Guide, dealers may soon see their trade-in supply increase sharply. Prices on trade-ins are projected to crest in the next few weeks before used-vehicle prices move downward in June and July, according to NADA Used Car Guide, which projects the […] [Read More]

Repo Remarketing’s customer survey showed that never in company history has satisfaction with its services been higher. The most recent study conducted in March revealed that 96 percent Repo Remarketing’s customers are satisfied with the services and deliverables. In fact, the survey indicated 45 percent were “extremely satisfied.” Repo Remarketing founder and chief executive officer […] [Read More]

While the selection of hybrid models in the U.S. has more than doubled since 2007, Polk discovered this week that only 35 percent of hybrid vehicle owners choose to purchase a hybrid again when returning to market in 2011. If repurchase behavior among the high volume audience of Toyota Prius owners isn’t factored in, Polk […] [Read More]

Just last week, at the Barrett-Jackson Palm Beach auction, one special unit was sold not once, but twice. The sales of the wrapped special-edition 2011 Ford Shelby GT500, signed by veterans, their family members and supporters, raised $1,000,200 for Wounded Warriors Family Support. [Read More]