Archive | Auto Industry News

USEA Appoints Greg Leonard CFO

ORLANDO, Fla. — Biweekly loan processing provider US Equity Advantage announced that Greg Leonard has joined its leadership team as CFO. Leonard has more than 30 years of financial, accounting, and leadership experience with both domestic and international companies, including serving as CFO for Hard Rock Café International, Signature Flight Support, and Floor & Décor Outlets of … Read More »

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Equifax Names Reid as USIS Lead

ATLANTA — Jennifer “Jenn” Reid has joined Equifax as U.S. automotive marketing and strategy lead for U.S. Information Systems. In this role, Reid will be responsible for the development of Equifax’s automotive growth strategies, as well as overseeing specific marketing plans and initiatives. This includes understanding competitive automotive industry market dynamics and trends, key customer … Read More »

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Cox Establishes Mobility Solutions Group

ATLANTA — Cox Automotive announced the formation of Mobility Solutions group, a new business division focused in part on mobility as a service for consumers and fleets. It will also house the newly acquired Clutch Technologies, a technology platform powering subscription access for the automotive industry. “Cox Automotive is continually evolving — delivering digital retailing … Read More »

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Manheim Used Vehicle Value Index Up 5.1% in July

ATLANTA — Used-vehicle sales continued their strong performance in the wholesale market in July, as an “abnormal bounce” that began in June continued through July with a 1.51% increase in overall values. The increase brought the Manheim Used Vehicle Value Index for the month to 136.9, a 5.1% increase from a year ago. Pricing from … Read More »

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Upstream Remarketing Keeping Used-Vehicle Values Strong

CARMEL, Ind. — The first half of 2018 has been a strong year for used vehicle values, and a growth in upstream remarketing is playing a helpful role. Various factors had market analysts predicting that used vehicle values would suffer in 2018 — one of the largest factors being the expected off-lease tidal wave that … Read More »

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New Vehicle Hack Threat Exposed

MOUNTAIN VIEW, Calif. — Connected device management and security provider Zingbox announced new research that shows how a car’s driver can be subject to cybersecurity attacks through the car’s “infotainment” system, the embedded operating system powering the iPad-looking displays found on many recent new vehicles. Daniel Regalado, Zingbox’s principal security researcher, has agreed to demonstrate … Read More »

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