KAR CFO Named CFO of the Year Award
KAR Auction Services' Eric Loughmiller was named the Indianapolis Business Journal’s 2015 CFO of the Year award in the public companies category, the firm announced this week
CARMEL, Ind. — The executive vice president and chief financial officer of KAR Auction Services Inc., Eric Loughmiller, was named the Indianapolis Business Journal’s 2015 CFO of the Year in the public companies category.
A total of 15 CFOs in five categories received their awards last Friday. According to the publication, the executives honored embody high ethical standards and commitment to their communities and have a proven track record of results.
“Eric is much deserving of this recognition, and we couldn’t be more proud of his accomplishments and contributions to the growth of the KAR group of companies. His visionary leadership style and extensive knowledge of financial services has led him to be one of the top leaders not only in our organization, but the industry as a whole,” said Jim Hallet, chairman and CEO of KAR Auction Services. “This recognition is a reflection of Eric’s unique ability to elevate the overall service offerings of the company.”
Loughmiller’s more than 20 years of experience in the field of finance and public accounting started in 1981 at PriceWaterhouse, where he assisted more than 20 companies with public offerings. He later joined Auto Auctions, a KAR Auction Services business unit, as a consultant. In 2007, he became CFO of Auto Auctions — later promoted to executive vice president and CFO of KAR Auction Services.
More F&I
Integrating Nontraditional F&I Products
The niche presents a strategic advantage for auto dealerships as they move to adapt to fast-changing consumer expectations in today’s market.
Read More →
Trust Is Personal
Technology, no matter how efficient, can’t replace what the human F&I manager can do, which is to bridge the divide between cyberspace and the in-store experience.
Read More →
Amplify 2026 Billed as Turning Innovation Into Results
Reynolds and Reynolds says its annual retail summit will connect dealers with practical strategies, peer insight, and technology-driven ideas.
Read More →
Own Your Outcome: F&I in the Digital Customer Journey
Finance has historically been the last step in the car-buying process, but it doesn’t have to be. The customer’s journey starts long before they arrive at the dealership, and so should F&I’s involvement.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Lifetime Battery F&I Product Meant to Drive Dealer Traffic
EFG Cos. offering is intended to create lifetime auto dealer engagement with customers.
Read More →
The Psychology Behind Menus That Increase Add-On Sales
There is a science to crafting a menu that gives customers confidence in the choices presented, and moving the process outside the F&I office can further boost results.
Read More →
Why Your F&I PVR Is Misleading You
Here’s a handy checklist of the numbers to track in 2026 instead.
Read More →
Auto Consumer Anxiety Presents Opportunity
A survey of U.S. drivers found the majority are concerned about finances and the economy, but those fears make many ready to buy vehicle-protection products.
Read More →