ADESA Announces Management Changes at Two Auction Locations
ADESA named Steve Swanson general manager of its Colorado Springs location, Cindy Kuhn regional online manager, and Rich Levene general manager of ADESA Austin.
Steve Swanson, general manager ADESA Colorado Springs.
CARMEL, Ind. — ADESA has named Steve Swanson general manager of its Colorado Springs location, Cindy Kuhn regional online manager and Rich Levene general manager of ADESA Austin.
Before accepting her position as regional online manager, Kuhn served as general manager of ADESA Colorado Springs. Swanson previously served as general manager of ADESA Austin, while Levene previously served as vice president of enterprise optimization at KAR Auction Services.
Rich Levene, general manager of ADESA Austin.
Swanson began his tenure at ADESA as general manager of ADESA Austin in 2007. Before that, he was the president of AutoVIN, a subsidiary of ADESA. Kuhn started her career at ADESA in 1998 as a fleet lease manager for ADESA Lansing. She served in a similar role at ADESA Kansas City from 2006 to 2011, and was then named general manager of ADESA Colorado Springs.
Levene is a 20-year veteran of the vehicle remarketing industry, according to ADESA. During his time with KAR, he served as assistant general manager of ADESA golden state from 2001 to 2005, the company stated.
More Auto Finance
July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Auto Refi Savings Surge
Consumers with 84-month auto loan terms who refinanced saved the most on monthly payments, according to a new report by auto refinancing provider Caribou.
Read More →
Subaru Enters Lending Business
The automaker follows other brands in adding captive financing in the U.S., and says the move will strengthen its position here.
Read More →
Positive Equity Reaches Record High
Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.
Read More →
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Auto Credit Plentiful
June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →