Ben Winkler is the new general manager for BSC America’s Tallahassee Auto Auction in Tallahassee, Fla.  In the position, Winkler replaces Tim Myreck, who the company said is pursuing new opportunities. Winkler was previously with ADESA Dallas, and he first worked on the operations side for that company. He then went on to serve as […] [Read More]

On Nov. 3, Massachusetts voters overwhelmingly voted “yes” on question No. 1 of the state election ballot, thereby approving the initiative law to enhance, update and protect the 2013 Motor Vehicle Right to Repair Law as an amendment to the Massachusetts Motor Vehicle Right to Repair Act. The initiative requires that vehicle manufacturers provide vehicle […] [Read More]

Fitch Ratings, Kroll Bond Rating Agency (KBRA) and S&P Global Ratings each offered perspectives on the securitization market this week. After sharing metrics their analysts gathered, each firm pointed to two trends moving in opposite directions. All three highlighted how contract modifications are declining and as a result, delinquencies are climbing with the expectation for […] [Read More]

Digital and next-generation merchandising company Xcite Automotive has launched a dealer-centered service that it says can streamline the reconditioning and merchandising process of preparing vehicle inventory for sale. The service is called ReconLogic, and it can help get vehicles “retail-ready” in five days or fewer. Xcite describes that as a much faster turnaround than the […] [Read More]

Used Car Week’s Auto Fin Con concludes Friday with another round of live sessions. The virtual expo hall opens at 11 a.m. (ET), and the day gets rolling in earnest at noon with opening comments from Cherokee Media Group president Bill Zadeits, DRN executive vice president/general manager Jeremiah Wheeler and NAF Association president Joel Kennedy. The first […] [Read More]

When it comes to holding the highest percentage of their manufacturer’s suggested retail price after a three-year period, Subaru ranked as the top mainstream brand, and Lexus was the top premium brand, according to ALG's 2021 Residual Value Awards. Future vehicle value forecaster ALG, which is the analytics subsidiary of TrueCar Inc., announced the 2021 […] [Read More]

Electronic lien and title technology firm DDI Technology has expanded its national footprint into the state of Minnesota as a certified provider of Electronic Vehicle Title & Registration services, or EVTR. With that expansion, Minnesota becomes the fifth state to offer DDI Technology’s Premier EVR services. DDI is a subsidiary of IAA Inc., and DDI’s […] [Read More]

Franchised car dealers, particularly some of the large, publicly traded groups, are putting a big emphasis on used cars, upping their pre-owned operations in 2020. While there are certainly sales challenges, as in most of automotive in a pandemic-sagged 2020, several retailers have plans to expand programs like standalone used-car stores, and some are seeing […] [Read More]

When taken together as I did this morning, a quartet of assertions made by TransUnion, Federal Reserve chairman Jerome Powell, the U.S. Department of Labor and Edmunds executive director of insights Jessica Caldwell described how topsy-turvy this pandemic has made the landscape for dealerships and finance companies. And perhaps, the scene isn’t too unfamiliar, either. First, […] [Read More]

October was a special month for America’s Car-Mart, and not just for the vehicles the buy-here, pay-here dealership chain retailed. The company spent the month highlighting associates and their family members and friends who have overcome cancer while also raising funds to benefit the American Cancer Society (ACS). Car-Mart’s efforts resulted in a $10,000 contribution […] [Read More]