Since 1974 Bruce Newmark has been in either the Consumer Auto Finance or Retail Automotive business. Beginning at Inglewood Thrift and Loan in 1974 and working from Collector to Auto Dealer Center Lending Manager he held various positions including Assistant Branch Manager and Charge off recovery Manager.
In 1977 Mr. Newmark entered the retail Auto business beginning in Finance and Insurance and progressing to General Sales Manager of a 3 while successfully and profitably managing though a difficult recession in the 1979-1982 period.
In 1984 Mr. Newmark became the General Manager and partner of Ed Butts Ford which later added Fair City Ford/Lincoln-Mercury in Paso Robles, California and was General Manager of both Dealerships.
After selling his interest in the Dealerships in 1991 he moved his management skills to the medical field and successfully turned around the business of Covina Family Practice which consisted of multiple Doctors, Physician Assistants and Nursing Staff.
Mr. Newmark joined the Hankey Automotive Group in 1992 as the General Sales Manager and then progressed to General Manager and shareholder. Leaving in 1996 he performed the role of “turnaround General Manager “at 3 additional Dealerships between 1996 and 1998 all successfully seeing profitability and increases in sales.
He re-joined the Hankey Automotive Group in 1998 with Westlake (a division of Hankey Automotive), in 1998. As National Marketing Director from 1998 until 2003, Chief Operating Officer and then President in 2007 he was instrumental in the expansion of Westlake from a small regional lender to a large national entity overseeing all aspects of marketing, expansion, servicing, and production of indirect, sub-prime automotive loans through a non-affiliated dealer base. At the time of his departure, Westlake was currently operating in 32 states from Coast to Coast and serviced over 100,000 open accounts.
From 2007-2015 Mr. Newmark operated Fimanco, Inc, a Finance Company and Automotive consulting firm of which Mr. Newmark is President. During that time FImanco through Mr. Newmark served as President of MarkOne Holdings a small Florida regional lender. During his tenure MarkOne expanded from Florida to a National company. He left in April of 2015. He also worked with other entities to assess operational issues including performance, collections, marketing, and expansion.
In June of 2016 Mr. Newmark joined United Auto Credit Company as the Director or HR and was promoted to C.O.O. in April of 2017. In January of 2023, in a planned succession, Mr. Newmark’s role changed to the role of Chief Advisor to parent company Vroom and UACC.
The Auto Finance Summit provides attendees with networking and professional development opportunities, with sessions on capital markets and funding costs, EV financing and the future of underwriting along with interactive roundtables.
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