KAR Names New Leader for Autoniq
Joe Oliveri, a 20-year industry veteran, was named vice president of KAR's Autoniq business unit, which provides mobile and digital vehicle pricing and evaluation reports.
CARMEL, Ind. — Global vehicle remarketing and technology solutions provider KAR Auction Services Inc. has named Joe Oliveri vice president of the company’s Autoniq business unit, which provides mobile and digital vehicle pricing and evaluation reports. Oliveri will be responsible for leading Autoniq’s operations and digital product development. He will also be tasked with advancing the company’s market growth strategies from KAR’s technology and innovation hub in Chicago. “Joe has a proven track record of successfully developing and leveraging iOS and Android mobile products for the automotive industry,” said Kayne Grau, president of Data as a Service at KAR. “His extensive digital and mobile app development experience, strategic mindset and strong leadership with a keen eye towards enhancing the user experience will help propel Autoniq as a digital leader.”
Oliveri brings more than 20 years of industry experience to his new role. He comes to KAR from Cars.com, where he held various leadership roles. His strong dealer relationships and understanding of their challenges led him to create solutions that enhanced their buying and selling experience. He most recently served as leader of mobile product for Cars.com — generating approximately 8 million visits to the site per month, all according to the announcement.
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 →