Swapalease.com determined the approval rate in September for site users taking over a vehicle lease came in at the same level as it was a year ago. Site officials said last week that the September rate approval stood at 67.6%. While maintaining the pace year-over-year, Swapalease reported that the rate actually softened a bit on a […] [Read More]

The National Auto Auction Association recognized Auctioneer of the Year Award winners last week at Charleston Auto Auction during an event that also included a visit from South Carolina Gov. Henry McMaster. Receiving the awards on Friday were Billy Carver and Bennie Smoak. The award is named after Bernie Hart, who was the executive director […] [Read More]

While not quite on the same level as the bold acquisition of the Larry H. Miller Dealerships and Total Care Auto, Asbury Automotive Group is continuing to build its dealership portfolio in the Rocky Mountains. According to a news release from Performance Brokerage Services that helped to broker the transaction, Asbury added to its footprint […] [Read More]

The top leaders of Cherokee Media Group and the National Automobile Dealers Association shared a conversation for this episode of the Auto Remarketing Podcast. In this wide-ranging discussion, Bill Zadeits asks Mike Stanton about how his past positions prepared him to lead NADA, the emergence of electric vehicles and why some parts of the used […] [Read More]

Coinciding with new credit facilities and equity financing, Point Predictive launched new products last week that aim to deliver an “unparalleled level” of visibility and control to auto finance companies tackling automation and digital transformation challenges in fraud and risk management operations. Point Predictive highlighted that its Case Manager & Rules Engine are browser-based SaaS […] [Read More]

Inovatec Systems reinforced its U.S. sales team last week by hiring Sean Toggweiler, who joins the company as director of U.S. sales for Eastern and Western states. According to a news release, Toggweiler joined Inovatec from Finastra, where his sales leadership resulted in surpassing quarterly goals by more than 150%.  Toggweiler will work alongside Brendon […] [Read More]

TurboPass finalized another path for dealerships and finance companies to use its tools for income verification and other parts of the underwriting process. A couple of weeks after announcing its solutions were available through DealerCenter, TurboPass said that effective Oct. 20, dealers can integrate with RouteOne. The move means RouteOne dealers are eligible to access […] [Read More]

Resolvion began a new month by announcing a variety of high-level executive moves on Monday. The provider of repossession management, skip-tracing, heavy equipment recovery, remarketing, license plate recognition and specialty recovery said the strategic leadership changes involve: — Scott Darling, who now is chief executive officer — Jon Faulkner, who now is chief financial officer […] [Read More]

Consolidation has been a big theme in the auto industry this year, and a move announced Thursday involved the fleet/lease space. The combination of Wheels, Inc., and Donlen, LLC has closed, announced Athene Holding Ltd., a financial services company that is the lead investor in the transaction.  Athene had previously purchased Donlen from Hertz Global […] [Read More]

TrueCar has added a new director to its board, announcing the election of Match Group chief strategy officer Faye Iosotaluno on Thursday. Iosotaluno has held that role at Match since February 2020, previously serving as senior vice president for new business initiatives. Her background also includes time with SoundCloud where she was vice president for […] [Read More]