Provider of online vehicle certification and selling platforms Mota Motors revealed Monday it has appointed a new president and chief executive officer. And the new CEO was on hand at Auto Remarketing’s Used Car Week in Las Vegas. Tapped for the position is Jeffrey Schwartz, who will also serve as a member of the company’s […] [Read More]

Along with announcing plans for its former Saturn manufacturing hub, General Motors revealed Monday that vice chairman Stephen Girsky has been named chairman of the supervisory board for Adam Opel AG effective immediately. The OEM said Girsky replaces Nick Reilly, who resigned from the board as a member and chairman. Reilly recently announced that he […] [Read More]

Monthly automaker report cards from TrueCar.com came out on Monday, and the leader of the class was a familiar one. Receiving the manufacturer grade in TrueCar’s Performance Scorecards is Hyundai, reclaiming top billing after Subaru won it in the previous month. Hyundai was given an A+ for the month, followed by Honda and Subaru in […] [Read More]

BENTONVILLE, Ark. — With an active customer base now above 52,000 accounts and double-digit climbs in sales and revenue, America's Car-Mart saw its second-quarter net income per diluted share soar 37.5 percent higher year-over-year. The company recently reported its second-quarter net income came in at $7.8 million or 77 cents per diluted share. A year […] [Read More]

CHICAGO — TransUnion discovered the national auto delinquency rate — frequency of borrowers 60 or more days past due — decreased on a year-over-year basis for the eighth consecutive quarter. Analysts revealed Monday that the third-quarter rate dropped to 0.47 percent from 0.58 percent in the year-ago quarter. However, they pointed out delinquencies rose slightly […] [Read More]

CARY, N.C. — To revamp its internal credit scorecard program, Prestige Financial Services recently announced that it has chosen business analytics software and services company SAS for the job Noting the reasoning behind the revamp, Steven Warnick, Prestige’s vice president of risk, said, “Our biggest challenge was the excessive amount of time spent associated with […] [Read More]

MINNEAPOLIS — Wolters Kluwer Financial Services recently announced that a financial service provider focused on the recreation industry has joined its AppOne platform. Joining the ranks of lenders who use the platform is Trailer Solutions Financial. “Trailer Solutions Financial will use AppOne to help simplify the preparation of loan documents, automate credit application processing and connect […] [Read More]

How can lenders help repo agents successfully recover vehicles in an efficient way? Veteran repossessor and Time Finance Adjusters executive Patrick Altes listed several lender attributes that’s helped his business and a host of TFA members. Altes began by stating a good repo client gives agencies information — and lots of it.  “How many cars […] [Read More]

Manheim revealed its executive vice president and chief operating officer last week, and stepping into the role early next month is Janet Barnard, who has been with Cox for more two decades. Barnard’s most recent post was as senior vice president and general manger of the Cox Communications central region. In her new position with […] [Read More]

Coming off of the best October the used-vehicle industry has seen in four years, CNW Research tried to brace dealers for quite a sales change this month. Based on the first 15 days of November, president Art Spinella calculated that full-month sales will increase only slightly more than 1 percent versus a year ago. CNW […] [Read More]