Tarry Shebesta has been involved with the National Vehicle Leasing Association (NVLA) for 22 years. And during NVLA’s annual conference in Tucson, Ariz., Shebesta was presented with the 2022 Clemens-Pender Lessor of the Year Award, which is the organization’s highest honor. The Clemens-Pender Lessor of the Year was started in 1977 and is given annually […] [Read More]

The newest TransUnion study reinforced where a monthly vehicle payment lands in the family budget pecking order. Analysts explained that lower inventories, higher prices and reduced demand, among other factors, are central to some of the changing dynamics in the auto finance market, resulting in a rise in delinquency rates. TransUnion’s study titled, “A Critical […] [Read More]

The National Auto Auction Association just wrapped up its annual convention last month in Dallas, but the trade group had more event news to share on Tuesday. Along with Cox Automotive Mobility and the Burke Porter Group, NAAA said it will be hosting the inaugural ADAS Summit from 11:30 a.m. (ET) to 1 p.m. on […] [Read More]

We begin this roundup of auto executive moves on the wholesale side of the market.   Dan Heinrich is now the managing director of remarketing at Stellantis Financial Services, US, Heinrich said in a LinkedIn post Monday.   Heinrich said he will be helping to develop company’s end-of-lease and remarketing program. He spent more than […] [Read More]

The experts at Black Book and Cox Automotive are seeing wholesale prices and auction sales rates decline this month. The severity of those movements depends on which report you examined on Tuesday. Beginning with Market Insights from Black Book, wholesale values softened another 0.82% last week, which was … [Read More]

AutoVerify announced it has purchased Car Media 2.0, which provides vehicle inventory imaging services to dealers. With shoppers expecting to be able to get detailed interior and exterior vehicle imagery online, this move “enables AutoVerify to help dealers provide this type of interactive customer experience in a way that’s simple to integrate and does not interfere […] [Read More]

Dennis Pennington, used-car director at Andy Mohr Ford, has been in the auto industry for 30 years, the last nine of which he has spent at the Plainfield, Ind., dealership. He recalls a conversation several years ago with the late Rick Case, the founder of the eponymous dealer group with locations throughout Florida and Georgia. […] [Read More]

For the first time in almost two years, auto defaults stayed at the same level for consecutive months. On Tuesday, S&P Dow Jones Indices and Experian released data through September for the S&P/Experian Consumer Credit Default Indices, and the auto reading came in at … [Read More]

ADESA said Monday it has named new general managers at its Chicago, Salt Lake and Los Angeles vehicle logistics centers. Appointed to those positions are Ted Coates (ADESA Chicago), Scott Crane (ADESA Salt Lake) and Jesse Estrada (ADESA Los Angeles). “We’re very pleased to fill these pivotal positions with strong internal candidates who bring deep […] [Read More]

Supply chain challenges. Labor and staffing shortages. Lack of product, or in our world, lack of vehicles. There’s no doubt that in today’s environment, winning in business has many new challenges and staying “ahead of the game” requires creativity and diligence. But this also means there are new opportunities that did not exist 12-18 months ago. […] [Read More]