Safe T. Sam now has a new colleague: Privacy Pam. On Thursday, KAR Global announced the launch of Privacy Pam, the company’s new privacy mascot and training program for employees. The company highlighted the initiative reflects the increasing evolution of the remarketing industry and its commitment to advancing digital used-vehicle marketplaces through its broad portfolio […] [Read More]

While Cox Automotive discovered a bit of improvement in vehicle affordability, one of its divisions determined that credit availability is tightening when compared to a year ago as well as before the pandemic intensified. According to the Dealertrack Auto Credit Availability Index for all types of auto financing, access to credit expanded only modestly in […] [Read More]

The National Automobile Dealers Association has named a vice president of education and training. Filling the newly created role is Camron Wilson, who has been with NADA since 2014. She will head up all education and training programs and will lead NADA/ATD Academy operations, the association said in a news release. NADA Academy chair Michael […] [Read More]

Wholesale market experts from Black Book and J.D. Power both spotted strengthening sales volume happening in the auction lanes. J.D. Power called it a return to the “new” normal when wholesale auction sales of vehicles up to 8 years old reached approximately 78,000 units during the week ending Jan. 10. That volume figure came after […] [Read More]

United Auto Credit has shared its 2020 Auction of the Year winner, and earning the annual award is Louisiana’s 1st Choice Auto Auction. The company said its annual award considers all pieces of the remarketing process, including metrics like recovery percentage, conversion percentage, reporting accuracy and auction efficiencies, the latter measured by transport time, condition […] [Read More]

Automotive F&I products provider and administrator APCO Holdings announced initiatives to improve diversity and equity within the company, including the formation of a diversity and inclusion council that has launched new inclusion and unconscious bias training courses required for all employees. APCO said the company plans to continue building a stronger culture of inclusion. “As […] [Read More]

An hour after President Joe Biden took the oath of office on Wednesday, Kathleen Kraninger resigned as director of the Consumer Financial Protection Bureau. Kraninger said in a post on Twitter along with her resignation letter: “As requested by the Biden administration, today I resigned as director of the CFPB. I am proud of all […] [Read More]

Haig Partners said Tuesday it has hired former AutoNation executive Pete Thiel as managing director. Thiel was most recently vice president of corporate development for the publicly traded retailer, where he headed up AutoNation’s acquisitions and divestitures. He was with AutoNation for more than 20 years. “As the leading buy-sell advisory firm to dealers, we […] [Read More]

 The new year is here, but for many people, COVID-19 continues to have an economic impact, said David Wurster, president of data company, Vincentric. “It's more important than ever to make informed and intelligent financial decisions,” Wurster said in a news release. To help consumers do that, Vincentric named the winners of its 17th annual […] [Read More]

A new report by TransUnion and Aite Group examined the entire collections world, highlighting that outstanding balances in all credit segments declined by more than $8 billion from the end of 2019 to the midpoint of 2020. And experts see more changes on the horizon, especially when considering how the pandemic pushed industry consolidation. The report […] [Read More]