This week, Texas Capital Bank welcomed an executive who has served at institutions such as Truist Financial, Wells Fargo and Fifth Third Bank to serve in the newly created position of head of corporate banking. Appointed to this post effective immediately for the bank that works with an array of buy-here, pay-here dealerships is Julia […] [Read More]

In a move intended to improve cash flow for independent dealers, NextGear Capital on Thursday introduced a new program for its floorplan financing. The company highlighted its new flex pricing program can reduce the principal paydown rate to .01% per period — what NextGear believes is one of the lowest in the industry — and […] [Read More]

ServNet executive director John Brasher is leaving his leadership post at the auction group on April 30 to pursue other opportunities in the industry, the group said Wednesday. ServNet administrative director Robert Sullivan will be interim executive director while the group conducts a search for its new leader. Brasher has been executive director of the group […] [Read More]

Recalls as a Service company AutoAp has hired Mark Allen as executive vice president, describing him as an automotive industry technology leader. Allen was most recently a senior vice president for publicly traded dealership management and retail systems and services provider, Quorum Information Systems. AutoAp, which provides safety recall services to help clients increase profitability, […] [Read More]

In March, IAA expanded its U.S. locations in Missouri as well as in Florida. Now that it’s April, IAA turned its attention to its European operations. IAA recently announced that its U.K.-based business unit has expanded its IAA Hixon branch. According to a news release, this investment increases the branch’s inventory space by more than […] [Read More]

Like many of their retail contemporaries, Zeigler Auto Group is in growth mode. But in this case, the Kalamazoo, Mich.-based group is expanding via what’s already in place at its one of its Illinois luxury rooftops. Zeigler recently announced that it has purchased four acres of property adjacent to its existing BMW of Orland Park […] [Read More]

Audi Canada has selected Dealerware as the preferred fleet management software for its courtesy vehicle program, noting that Dealerware will service the 49 Audi retailers in Canada. Many of those retailers currently use paper-based fleet management systems, according to Dealerware, which is already the preferred provider to Audi’s U.S. retail locations. Dealerships choosing to power […] [Read More]

To better support dealerships operating through the COVID-19 pandemic, finance and insurance provider LGM Financial Services reopened its online learning platform, My Distinction Learning. LGM aims for the courses to help dealers overcome challenges as a result of social distancing measures. The courses, available to all automotive professionals regardless of their affinity to LGM, include […] [Read More]

motormindz, an auto industry venture consultancy, said that through its new strategic partnership with Connected Strategy Advisors, the company will continue its presence as an automotive tech accelerator and use CSA’s knowledge to bring connected vehicle services to market faster. Connected Strategy Advisors is a Detroit-based advisory firm focused on connected cars and products, and […] [Read More]

Repossession agents and other recovery industry firms certainly do not have a shortage of options for training to remain up to date on compliance and other intricacies of what might be the most complicated segment of auto financing. This week, the American Recovery Association (ARA) and Bassford Remele announced what they called a “groundbreaking” partnership […] [Read More]