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NewsSeptember 6, 2016

Manheim Names General Manager for Baltimore-Washington Region

Manheim has appointed John Eriksen as general manager of Manheim Baltimore-Washington, according to a company announcement. In his new role, he will concentrate on serving clients and improving their auction experienced, the company stated.

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NewsSeptember 6, 2016

CU Direct Reaches New Milestone

Credit unions funded a record 529,000 auto loans through CU Direct’s Lending 360 and CUDL platforms in the first half of 2016. That amounts to more than $16.1 billion in funded automotive loans.

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NewsSeptember 6, 2016

Experian: Q2 Auto Finance Data Doesn’t Support Subprime Bubble Talk

Finance sources made more than five times as many loans to superprime customers than deep-subprime customers during the second quarter. Delinquencies were up only slightly, but balanced loan portfolios and stable automotive lending continued to quash subprime bubble fears, Experian reports.

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NewsSeptember 6, 2016

Shane O'Dell Returns to NextGear

Cox Automotive has named Shane O’ Dell president of financial solutions. The former Manheim exec will oversee NextGear Capital, where he served as COO before joining Manheim as senior vice president of vehicle solutions.

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NewsSeptember 6, 2016

Alpha Warranty Release Limited Lifetime Warranty and New Wrap Protection

Alpha Warranty announced the release of its DriveEasy Limited Lifetime Powertrain Warranty and its DriveEasy Wrap Protection vehicle service contract. The later provides up to five years and 100,000 miles of additional coverage, and is designed to complement the limited lifetime powertrain warranty,

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NewsSeptember 6, 2016

RouteOne Names Key Directors to Executive Roles

RouteOne announced that Scott Johnsen, Amanda George and Jeff Belanger are transitioning from their directors roles to new executive positions.

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NewsSeptember 1, 2016

Frazer and F&I Express Announce Partnership

More than 16,000 independent dealerships will gain the ability to digitally rate, econtract, capture electronic signatures and submit contracts for more than 130 F&I aftermarket product provider as part of a recently announced partnership between Frazer and F&I Express.

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NewsSeptember 1, 2016

Dealertrack to Offer F&I Express' Express Recoveries Solution

Dealertrack announced this week that it will be marketing and selling F&I Express’ Express Recoveries Solution through its platform beginning later this year on Oct. 1. The offering will provide lenders and consumers a refund of the unused portion of their aftermarket contracts, according to the company.

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NewsSeptember 1, 2016

Walser Automotive Group Acquires Wichita Luxury Collection

WLC will add 10 luxury brands, including Acura, Audi, BMW, Jaguar, Land Rover, Lexus, Mercedes-Benz, MINI, Porsche and AMG, to Walser's existing 15 franchises, according to the company.

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NewsSeptember 1, 2016

Mazda Launches New Website to Address Recall Completions

On Tuesday, Mazda North American Operations launched the Mazda Recall Information Center as part of an effort increase recall completions. The new website is only part of the company's initiative to ensure recalls are completed quickly and efficiently.

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