Here’s more evidence of the trickle-down used-car impact from Tesla’s price reduction last month: The average price of a later-model used Tesla in the second half of January (after the price cut) was nearly … [Read More]

In an international move from the digital automotive wholesale company, KAR Global said Monday it has consolidated its ADESA UK and ADESA GWListe into ADESA Europe’s consolidated platform, where buyers can find vehicles from all areas on ADESA.eu. In a news release, Srisu Subrahmanyam, who is president of the KAR Services Group and executive vice […] [Read More]

Manheim announced a new general manager for its Manheim Lakeland location on Monday, as well as a new assistant vice president of reconditioning operations for the East and Southeast. Promoted to the Lakeland GM role was Catherine Woodall, who previously held the aforementioned recon AVP role. Chris Karwoski, who was most recently assistant GM at […] [Read More]

Among the episodes of the Auto Remarketing Podcast recorded during the 2023 Vehicle Finance Conference hosted by the American Financial Services Association, this one features Point Predictive chief fraud strategist Frank McKenna. Our monthly look at fraud trends within auto finance and beyond came via an in-person conversation in Dallas. To listen to the conversation, click […] [Read More]

A variety of tech-driven companies have had to trim their workforces recently, and Getaround announced its decision last week. In an effort to streamline operations and reduce costs to achieve a leaner path to profitability, the connected carsharing marketplace made an immediate workforce reduction impacting approximately 10% of the company’s current staff. Getaround’s restructuring plan […] [Read More]

Inovatec Systems is making sure its operations are secure for clients in multiple countries. The provider of cloud-based software solutions for auto finance companies in the U.S. and Canada announced last week that it has successfully completed all SOC certification processes, including SOC1, SOC2, and SOC3 audits. Inovatec said it is in compliance with all […] [Read More]

NETSOL Technologies announced last week that it has become an API gateway delivery partner with Amazon Web Services (AWS). With this extended APN partnership, the global business services and enterprise application solutions provider said it will have access to AWS API Gateway, a fully managed service that makes it easy for developers to create, publish, […] [Read More]

Rick Hackett said F&I Sentinel is “doing all the right things,” so the former Hudson Cook partner and assistant director of Consumer Financial Protection Bureau (CFPB) decided to move from an advisor to a member of the compliance service provider’s board of directors. According to a news release distributed last week, F&I Sentinel’s move with […] [Read More]

Among the episodes of the Auto Remarketing Podcast recorded during the 2023 Vehicle Finance Conference hosted by the American Financial Services Association, this one features Quality Acceptance CEO Ofer Alon. The head of the Van Nuys, Calif.-based finance company and AFSA board member described the current subprime landscape and more during a conversation in Dallas. […] [Read More]

This dealer group news roundup includes an enhancement to the service drive at Leith as well as the philanthropy efforts by Jim Ellis. The culmination of a more than two-yearlong construction boom at Leith Auto Park Wendell in North Carolina has ramped up the dealership’s commercial truck service business. “We’ve added service bays, techs and […] [Read More]