America’s Auto Auction has selected Jay Hinchman as general manager of its newly acquired Las Vegas auction. Hinchman has 25 years of experience in the auto industry, most recently as president of High Tech Locksmiths. He has also served as GM of ADESA auctions in New Jersey and Las Vegas, regional vice president of then-KAR […] [Read More]

The Costco Auto Program is once again working with Volvo to provide Costco members with incentives on selected Certified by Volvo models. Costco held its first CPO promotion with Volvo in 2022, when members received a $1,250 member-only incentive on the purchase of 2019-2021 Certified by Volvo XC60 and XC90 models. This year the incentive […] [Read More]

To ramp up to meet growth in the Canadian market, fintech company Broadridge Financial Solutions named a new president of Broadridge Canada. Karin Yorfido is filling the new role, after working as general manager of GTO Canada since 2021. She worked closely with the GTO leadership team to further expand Broadridge’s GTO footprint in Canada. […] [Read More]

Southern Auto Finance Co. (SAFCO) has a new chief financial officer. On Monday, the finance company announced the transition of Jason Person becoming SAFCO’s new CFO. Person succeeds Gary Stein, who is retiring after 22 years at SAFCO. According to a news release, Stein will remain in an advisory capacity for several months to help […] [Read More]

Softer used-car retail prices in July might be just the beginning of stronger buying conditions for consumers on the hunt for a pre-owned car, according to an analysis from CARFAX released Monday. Asking prices for used vehicles were down month-over-month in six of the seven segments tracked by the CARFAX Used Car Index, suggesting the […] [Read More]

ACMGMT LLC, led by Ali Ahmed, has purchased Sutherlin Nissan of Fort Pierce, Fla., from Sutherlin Automotive Group, George Chaconas of Performance Brokerage Services announced. The dealership, which has been renamed Nissan of Fort Pierce, becomes the 38th owned by ACMGMT, according to Performance Brokerage Services. Sutherlin Automotive Group was founded by George Sutherlin more […] [Read More]

Auction Academy has announced its latest class group and for the first time, it includes a commercial consignor. Among the enrollees in the program’s Class 8 is Reshard Taylor, a regional auction manager for Exeter Finance. Taylor has been in the auto finance servicing industry since 2007, serving in various roles in repo and remarketing […] [Read More]

The U.S. Department of Energy has selected J.D. Power’s EV Index, an analytics tool that monitors the growing electric vehicle market in the U.S., to help establish benchmarks and monitor ongoing development of EV infrastructure nationwide. DOE said the index, which tracks detailed data on EV infrastructure development and consumer experience with public charging networks […] [Read More]

Imagine how sinking the feeling could be to discover the “cherry” you found showing 50,000 miles turned out to have 150,000 miles on the clock. This episode of the Auto Remarketing Podcast features two experts who are watching vehicle odometer fraud increase, offering recommendations to help dealerships and consumers avoid the potential pitfalls. Kirsten Von […] [Read More]

Saying “just text it to me,” might be OK when asking for something harmless from a friend or family member. But asking potential vehicle buyers to send non-public information (NPI) over text messages, emails and other insecure methods to dealership salespeople can create plenty of problems. To help, ComplyAuto introduced an encryption tool last week, […] [Read More]