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]

Solutions by Text (SBT) announced highlights of its upcoming conference focused on accelerating revenue through the convergence of real time payments within rich messaging experiences, preparing finance companies for 2024 regulatory changes and more. Its FinText Conference also includes leading brands in finance, technology and innovation and a full lineup of keynote speakers, breakout sessions […] [Read More]

In an effort to help finance companies and other lenders verify income and employment information, Experian recently announced consumers can now choose to share information directly from their employers’ payroll service through Experian Verify when applying for credit, including auto financing, mortgages and personal loans. The company highlighted that the enhancement introduces Experian’s automated income […] [Read More]

Operating a successful used-vehicle sales operation depends on two things: obtaining inventory for the right price and selling that inventory for the right price. As so many have discovered in recent years, it is not enough just to have used vehicles to sell. Those vehicles must be acquired strategically without paying more than necessary. Then […] [Read More]