Jantoon Reigersman has been appointed chief financial officer for TrueCar, with the company’s president and chief executive officer Mike Darrow saying Reigersman will help align the company’s business and financial strategies toward TrueCar's next chapter of growth and profitability. Reigersman said he looked forward to joining TrueCar during what he described as a pivotal time […] [Read More]

Autozen, a consumer-to-business marketplace that aims to give consumers “an easier, safer and more transparent way” to sell their vehicles, said Tuesday it has generated $4.2 million in an initial funding round. The company, which is in the final stages of preparing to launch, is led by Olivier Vincent, whose background includes 20 years as […] [Read More]

AutoVerify announced a second Dealer Support Program on Wednesday that will waive monthly software fees through July 31 for new customers of the AutoVerify Suite. The AutoVerify Suite now has e-commerce capabilities, the company said. With that expansion, the digital retailing suite now features merchandising, research and ecommerce. Explaining the waived fees in more detail, […] [Read More]

After one of the strangest years ever, how have you prepared for 2021? Election years are usually off the wall, but 2020 was ridiculous. Uncertainties that linger affect how a dealer plans for and navigates through 2021. To write off 2020 as an odd year that can’t be analyzed and decide to “just go with […] [Read More]

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]