With furloughs and layoffs spreading throughout the dealership world because of the coronavirus pandemic, seven top executives at F&I providers banded together to help store finance managers during these challenging times. This week, a new automotive philanthropy organization — F&I Providers Relief Fund for F&I Managers (F&IPRF) — announced its seven-member board of directors and […] [Read More]

Two leaders from the American Recovery Association described the “nightmare” the coronavirus pandemic has created for the repossession industry. Executive director Les McCook and current president Dave Kennedy joined senior editor Nick Zulovich for this special episode of the Auto Remarketing Podcast to discuss one of the automotive industry segments hardest hit by the crisis […] [Read More]

FormFree recently announced a partnership with Ocrolus, a leading fintech infrastructure company that looks to transform documents into actionable data with more than 99% accuracy. Officials indicated FormFree’s Passport all-in-one asset, employment and income verification service will include API calls to Ocrolus for paystub collection and data verification. Each day, Passport helps tens of thousands […] [Read More]

The idea, as the good ones often do, came up in a casual office conversation with Cherokee Media Group president Bill Zadeits. It was mid-March 2017, and I was headed to Illinois to cover the grand opening of ADESA Chicago. While in the Windy City, Bill suggested I pay a visit to this relatively new […] [Read More]

A new initiative from vehicle-cleanliness and hygienic consulting company NuVinAir Global supplies free product, marketing materials and customer service to the company's franchisees who can assist frontline workers in combating COVID-19. The program is called NuVinCARES, and for one of its activities, NuVinAir's North Carolina franchisees provided law-enforcement officials with free products and services to treat […] [Read More]

Automated imaging company Black Widow has named automotive industry veteran Steve Greenfield as board director. Greenfield, who brings more than 20 years of automotive technology experience to his new role, will advise Black Widow on strategy, business development and marketing. Black Widow offers a drive-through camera system that blends images and 360-degree virtual tours. He […] [Read More]

It’s not quite a celebration, but Black Book found a few reasons to be a bit upbeat when compiling its latest Market Insights report. While vehicle values still continued on a downward path, Black Book vice president of automotive valuations Laura Wehunt mentioned one part of the auction world that seems to be recovering. “After […] [Read More]

After the retirement of two of its “most accomplished and admired leaders” in early March, Manheim has promoted several of its veteran team members to Market Center leadership positions. The company promoted JD Daniels to vice president and general manager of the Manheim Orlando-Central Florida Market Center. Manheim also promoted Emily Decker to Arizona Market […] [Read More]

Only two more days remain in April; what’s likely to go down as the most destructive month ever experienced by the U.S. economy. More than 26 million American workers already have filed for federal unemployment benefits. Billions of dollars in federal stimulus funds are being pushed to consumers and businesses, so the economy didn’t completely throw […] [Read More]

Tricolor chose an executive who has past experience with companies such as Dealertrack and DealerSocket to be its chief product and strategy officer. On Monday, the used-vehicle retailer focused on the sale and financing to Hispanic consumers announced Jennifer Lee has been named to this position with an eye toward becoming more digitally enhanced. “Now more […] [Read More]