Securrency, a developer of institutional-grade, blockchain-based financial and regulatory technology, recently announced Nadine Chakar joind the company and assumed the role of chief executive officer. The company highlighted Chakar’s leadership will combine her deep financial services, technology and market experience with Securrency’s technology to deploy market-leading solutions on a global scale. She has been recognized […] [Read More]

Ahead of Martin Luther King Day, Mendoza Ventures said it has closed its third fund. The female- and Latinx-founded fintech, artificial intelligence and cybersecurity venture capital firm landed a $100 million fund that Mendoza Ventures said it will invest in early growth stage startups with a focus on diverse teams. The initial close was led […] [Read More]

Westlake Portfolio Management grew its servicing department by reaching agreements with two companies that specialize in the subprime auto space. Last week, Westlake announced it formed a servicing partnership with Nicholas Financial, an auto and consumer finance company based in Clearwater, Fla. As previously mentioned in a report from SubPrime Auto Finance News, Westlake also […] [Read More]

PassTime reinforced its executive team last week. The provider of advanced asset tracking solutions announced it has hired Mike Roberts a new executive vice president of sales. PassTime highlighted Roberts joined the team from Kenwood USA and is an executive sales leader with a 30-year track record of successful business development, marketing, and sales management […] [Read More]

In this special episode of the Auto Remarketing Podcast, we feature a discussion at Used Car Week between Copart's Yoker Vidal and Dennis Weber about "The Future of Auction Remarketing." Stay tuned for more podcasts from UCW panel discussions as they become available. To listen to the conversation, click on the link available below. Download and […] [Read More]

At the end of 2022, used-vehicle prices were starting to slow from unusually high rates, and inventory levels were on the upturn — as the auto market and consumers tried to navigate the results of the Fed's latest interest rate moves. Cox Automotive kicked off 2023 by exploring many of these trends as well as forecasts […] [Read More]

Carvana might be having its well-documented retail and stock price challenges, but the online used-vehicle retailer still is getting set for the Daytona 500. On Thursday, Carvana announced a new nationwide sweepstakes, offering the VIP treatment with seven-time NASCAR champion Jimmie Johnson as he returns to Daytona Beach, Fla., for one of the biggest races […] [Read More]

Recent developments from both federal- and state-level law enforcement include matters associated with refunds connected to guaranteed automobile protection (GAP) as well as a dealership defrauding consumers. Connected to industry-wide compliance challenges highlighted multiple times by Allied Solutions, Colorado attorney general Phil Weiser recently announced that his office secured $4 million in refunds for Colorado […] [Read More]

National Auto Auction Association CEO Tricia Heon has resigned, the trade group said Thursday, and Paul Lips will serve as interim executive director. Heon had been with NAAA a dozen years and previously was its chief operating officer. “With the deepest of gratitude for her many years of commitment and contributions, the Board of the […] [Read More]

In this special Used Car Week episode of the Auto Remarketing Podcast, we feature dealer trainer expert George Nenni's presentation at the November event, which takes a deep dive into  "Making the Jump to Google Analytics 4." Nenni says dealers must form a strategy to transition their website tracking to Google Analytics 4, and he […] [Read More]