Houston-based Auto Financial Group reinforced its Canadian leadership this week. The company announced that Mark Caschera has been appointed vice president of AFG Leasing Canada in a move meant to bolster AFG’s mission to expand its program in Canada to meet the rising consumer demand for leasing. AFG explained the program can allow credit unions […] [Read More]

An industry with as many moving parts (literally) as the auto auction industy requires a wide array of talent to complete the myriad tasks associated with sale day and beyond: drivers on sale day, accountants, sales representatives, office managers, tow-truck operators, technicians, parts supervisors, reconditioning specialists, customer service managers and much more. So as part of […] [Read More]

AutoWeb has announced a new chief financial officer as well as a new controller. Succeeding Michael Sadowski as CFO is former Cox Automotive executive Carlton Hamer, whose appointment to the role of executive vice president and CFO became effective Monday. Josh Barsetti will become AutoWeb’s VP, controller and principal accounting officer this coming Monday. To help […] [Read More]

Car sharing platform Turo announced this week that it has publicly filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock. Despite sustaining a net loss of $97.1 million during 2020, Turo believes company stock is attractive because of what it […] [Read More]

On Wednesday, Dent Wizard International announced of executive promotions that were effective Jan. 1. One of the largest vehicle reconditioning service providers in North America, Dent Wizard elevated Carl Lekebusch to be senior vice president, as well as Dan Bowers to regional vice president for Florida and Tim Forloine II to regional vice president for […] [Read More]

Car Capital began 2022 by staying on the brisk development trajectory it established when launching last spring. The new auto-finance technology company that strives to get any deal bought no matter the consumer credit background closed on another round of financial resources on Tuesday. Car Capital landed a $150 million three-year secured credit facility and […] [Read More]

We’re beginning a new year with a new series as a part of the Auto Remarketing Podcast. Each month, we’ll have a conversation focused on the latest developments and trends connected with fraud happening in auto finance and elsewhere in financial services with experts from Point Predictive. For this first installment, Frank McKenna and Justin […] [Read More]

Autotech Ventures isn’t just forging relationships with startups. On Wednesday, the venture capital firm made a move with a company that’s been in business since 1915. Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions, announced has committed to a $15 million investment in Autotech Ventures in an action the […] [Read More]

Bryanna Cox takes listeners of the Auto Remarketing Podcast into one of the most difficult, yet vital, parts of the automotive industry. The vice president of Asset Resolutions, a full-service repossession and recovery agency in Kingwood, Texas, described how repossession agents are handling the demands put upon them, as the pandemic has impacted their livelihoods […] [Read More]

Though the numbers are not yet final, the used-car market is likely to have reached 40.9 million sales in 2021, which would be roughly a 10% year-over-year gain, Cox Automotive chief economist Jonathan Smoke said in a conference call Friday. And the growth for used-car sales involving a dealer is expected to be even better. [Read More]