Hertz’s new chief operating officer has extensive experience. In fact, it extends all the way to outer space. The global rental car giant has promoted Mike Moore — who previously led spaceline technical operations for space tourism company Virgin Galactic — to executive vice president and COO, giving him “direct, end-to-end responsibility” for all fleet […] [Read More]

Next Monday will mark the beginning of Timothy Mackay serving as president and CEO of Landmark Credit Union, which has more than $7 billion in total assets, 35 branches, more than 400,000 members and more than 1,000 employees. Mackay will succeed Jay Magulski, who shared his plans to retire from Landmark earlier this year. “We’ve […] [Read More]

Two banks that might already be in your dealership network of auto-finance providers are coming together. Fifth Third Bank and Comerica Bank announced on Monday morning that they have entered into a definitive merger agreement under which Fifth Third will acquire Comerica in an all-stock transaction valued at $10.9 billion. According to a news release, […] [Read More]

Last week, Dealer Alchemist released Soft Credit Pull, a website-integrated prequalification tool that can give car shoppers instant, credit-informed payment estimates without a hard credit pull. Powered by Equifax VantageScore, the automotive digital marketing solutions provider said this tool can enable dealerships to drive up to 20% more qualified leads while building consumer trust and […] [Read More]

American Financial Services Association general counsel Philip Bohi recently submitted a comment letter in response to the Consumer Financial Protection Bureau’s advance notice of proposed rulemaking (ANPR) on supervision of vehicle finance companies. AFSA recapped that the CFPB is allowed to impose supervision on non-bank companies that are larger participants in a market for a […] [Read More]

America’s Group is wading further into the Gulf Coast. The auto auction group said Monday it has acquired Lake Charles Auto Auction, a Louisiana business which has served dealers in the region since 1991. The auction, founded by Mike Pedersen, has featured more than 530,400 consigned vehicles and sold more than 291,000. It has more […] [Read More]

Montway Auto Transport has introduced a new pricing model for retail customers. The Montway TruePrice Guarantee provides a fixed, guaranteed price for 30 days, which the company said is designed to protect customers against deceptive bait-and-switch pricing practices. In a news release, Montway said the 30-day price guarantee allows customers to ship vehicles with confidence […] [Read More]

Data and technology services provider Acxiom has joined forces with automotive shopper identification platform Client Command in a partnership designed to help the auto industry connect with in-market buyers at the right time, in the right way. The collaboration gives Acxiom access to Client Command’s patented Active Shopper Network platform, which the companies said allows […] [Read More]

Andy Mayers sees opportunity in subprime and other parts of auto finance. The associate vice president of business operations for retail solutions with Cox Automotive explained his reasons during this episode of the Auto Remarketing Podcast. Mayers also mentioned another part of the business where dealers and lenders are working even closer together nowadays. Listen […] [Read More]

Sometimes a vehicle’s paint needs a touchup. That’s what Protective Asset Protection did with one of its F&I offerings. This week, Protection Asset Protection refreshed its paint and fabric product, which is now called Appearance Protection The company highlighted this program offers a full spectrum of interior and exterior protection solutions, now including standard, ceramic, […] [Read More]