On Tuesday, Fox Dealer announced the appointment of an automotive industry veteran to fill the newly created position of chief technology officer. Coming over from Edmunds to take on this new position is Donnie Shilling, who will oversee the development, advancement and management of Fox’s current technical resources in addition to the assessment and integration […] [Read More]

Brett Scott, who is vice president of government affairs at the National Independent Automobile Dealers Association, took some time away from being on Capitol Hill for this episode of the Auto Remarketing Podcast. Scott recapped what the atmosphere is like around lawmakers and their staffs, as NIADA gears up to host its National Policy Conference […] [Read More]

Credit Acceptance said late on Monday that founder Don Foss passed away on Sunday from complications arising from an aggressive form of cancer. He was surrounded by his family, according to the company announcement. Specializing in subprime auto financing, Credit Acceptance was incorporated in 1972, as Foss served as chief executive officer until 2002, followed […] [Read More]

The used-car shopper who arrives on a dealer’s lot or online listings looking for a vehicle that will save them money at the gas pump may end up spending quite a bit more elsewhere. Specifically, on the transaction itself. While the overall retail used-car market showed sequential price stability last month, with some segments’ prices declining […] [Read More]

Manheim has been busy fine-tuning its technology, as well as bringing new products to the market and strategic moves to further convenience and efficiency for its clients.  Brad Burns, associate vice president of vehicle information at Manheim, has helped lead the push. Manheim put Burns to work, starting with the promotion to his current role […] [Read More]

CT Services and Claim Genius recently announced a strategic partnership to develop and market new artificial intelligence-based inspection solutions for the automotive remarketing and transportation markets within North America. The companies highlighted in a news release that the partnership will combine CT Services’ vehicle inspection process with Claim Genius’s AI inspection technology to create new […] [Read More]

On Monday, Universal Technical Institute (UTI) launched the first session of its new BMW FastTrack technician training program at the Exton, Pa. campus, making it the fifth UTI location to begin offering the 12-week advanced training program. A collaboration between the German automaker and UTI, a leading provider of automotive technician training, BMW FastTrack provides […] [Read More]

FM Capital is looking to serve its expanding number of automotive-related portfolio companies better as well as prepare for its fourth fund. So, on Monday, the firm added a new venture partner — Joe Hinrichs — who most recently was president of Ford’s global automotive business. According to a news release, Hinrichs will assist with […] [Read More]

Now even another government agency thinks implementation of the enhanced Safeguards Rule from the Federal Trade Commission should be delayed. Recently, the Small Business Administration (SBA) Office of Advocacy delivered a letter to the FTC, echoing many of the points previously made via a separate letter sent by the American Financial Services Association, ACA International, […] [Read More]

In a move that could impact auto financing, VantageScore recently announced further steps in supporting consumers affected by medical collection debt. VantageScore said through a news release that the company completed an extensive analysis of how consumer credit score models are impacted by recent changes to how medical collection accounts are reported, including changes brought about […] [Read More]