It probably wouldn’t be surprising if finance company executives and managers looked at the latest auto default reading from S&P Dow Jones Indices and Experian and responded by saying, “What? Wait a second. Really?” According to data through February for the S&P/Experian Consumer Credit Default Indices, auto defaults dropped for the second month in a […] [Read More]

OpenRoad Auto Group announced a new executive vice president and chief financial officer earlier this month, appointing former PricewaterhouseCoopers partner Tahir Ayub to the role.    Ayub was a partner at PwC for more than two decades and held several leadership roles in Canada and abroad.    “With our recent expansion into Ontario and our […] [Read More]

Replacing its former app that about 70,000 unique users have used each week, Manheim has launched its all-new mobile app. Manheim said the new app is reimagined from the ground up, allowing dealers to make quicker and smarter purchase decisions in what it describes as the world’s largest wholesale automotive marketplace. The app provides an […] [Read More]

Trent Broberg will succeed William Billiter as chief executive officer of automotive logistics provider ACERTUS. Broberg’s long history within the logistics space includes his most recent position as chief operating officer for transportation technology and freight matching company Truckstop.com. As for Billiter, who co-founded the company and has served as CEO since 2010, he will […] [Read More]

Auction Academy plans to resume in-person sessions, with a meeting tentatively scheduled for Aug. 2-4 in Detroit. The meeting takes place after more than a year of virtual classroom training for Auction Academy, which has conducted training monthly in a virtual classroom setting because of COVID-19 restrictions. Auction Academy president Penny Wanna said the monthly […] [Read More]

The pickup hauling material at the construction site. The truck that dropped off your packages. The custom vehicle of the plumber or HVAC specialist making repairs at your house. They're all work trucks — a niche segment that has strong potential for dealerships in the business-to-business, commercial space. That's where Work Truck Solutions comes into […] [Read More]

Eight months after joining APCO Holdings, Scot Eisenfelder is poised to become its chief executive officer. The provider and administrator of automotive F&I products and home to the EasyCare, GWC Warranty and MemberCare brands announced on Monday that Eisenfelder has been named CEO of APCO Holdings via a move that’s effective May 1. Eisenfelder joined […] [Read More]

Auto Remarketing is recognizing the 2021 Women in Remarketing honorees in the March issue of the magazine, and will be posting Q&As with each of these outstanding leaders on the website. Next up is Tricia Short, who is general manager at Akron Auto Auction. Auto Remarketing: What do you enjoy most about working in the remarketing industry? But, also, […] [Read More]

Auto Remarketing is recognizing the 2021 Women in Remarketing honorees in the March issue of the magazine, and will be posting Q&As with each of these outstanding leaders on the website. Next up is Stephanie Jacoob, who is associate vice president of reconditioning at Cox Automotive. Auto Remarketing: What do you enjoy most about working in the remarketing industry? But, […] [Read More]

Fitch Ratings pinpointed subprime auto financing as one of five areas to watch should consumer indicators deteriorate; especially as federal assistance winds down and accommodations by finance companies expire. Analysts made that assertion in a report shared with SubPrime Auto Finance News on Friday. Along with subprime auto financing, Fitch Ratings also mentioned certain segments […] [Read More]