Ignite Consulting Partners reinforced its roster of experts to help auto finance companies and buy-here, pay-here dealerships. The compliance firm recently announced the addition of Clint Rutherford, who has a background both in operations and compliance. Ignite Consulting Partners highlighted that Rutherford has managed diverse teams across various servicing functions including collections, customer service, bankruptcy, […] [Read More]

Triggered in part by changes in federal laws, bankruptcy filings jumped noticeably to finish the third quarter. According to data provided by Epiq Systems, the American Bankruptcy Institute (ABI) reported total U.S. filings came in at 61,113 in September, up 6% from last September’s total of 57,619. ABI noted the 57,984 consumer filings in September […] [Read More]

September’s auto loan asset backed security data didn’t surprise analysts at Kroll Bond Rating Agency (KBRA). The latest readings for KBRA’s prime and non-prime indices arrived with seasonal patterns evident. Analysts found that auto loan ABS credit performance weakened slightly in September, with net losses and delinquencies rising month-over-month in both prime and non-prime. “The […] [Read More]

AutoNation says a report issued by a consumer group about recalled used cars at the nation’s largest vehicle retailer is “inaccurate” and does not provide the full set of facts as to how such vehicles are handled at its stores. The United States Public Interest Research Group, a consumer group also known as U.S. PIRG, […] [Read More]

A 24-acre expansion to Copart’s Montreal site in Quebec will allow the location to grow its vehicle inventory and offer more choices to members, said Copart Canada managing director Steve Macaluso. “We are excited to grow our capacity in Canada by expanding our Montreal location,” Macaluso said in a news release. Copart Montreal general manager […] [Read More]

How can the multi-channel remarketing innovations that commercial remarketers have been migrating towards and that we’ve all been reading about help the dealer and wholesaler community?  While the remarketing industry is one that contains a diverse base of sellers, an increasingly innovative and multi-channel set of remarketing options and an increasingly diverse group of buyers, most […] [Read More]

Brian Danahy started working with Ed Morse Automotive Group at the age of 14, starting out in the parts department.  Over the next 30-plus years, he worked in almost every area of the dealerships, including paint, service, collision, sales, and management. In 2011, he became general manager of Ed Morse Cadillac Tampa, and since then, […] [Read More]

Since 2017, the Used Car Week logo has been a circle, with stripes of different colors lining the perimeter, continually looping into the next to form the shape of a gear on the interior. The colors represent the individual conferences and topic focus areas of Used Car Week. The fact that each stripe feeds into […] [Read More]

Sean Goodman has provided notice of his intention to resign from his position of senior vice president and chief financial officer of Asbury Automotive Group. Asbury announced the news on Friday, stating that the resignation would take place effective Nov. 15. Goodman has accepted the position of chief financial officer for another publicly traded company outside […] [Read More]

In 2017, Used Car Week transitioned its CPO Forum conference into the Pre-Owned Con. Essentially, we adapted a conference originally focused on certified pre-owned into a more comprehensive look at the entire retail used-car market. For the past two years, the Pre-Owned Con has focused on analytics, data and big-picture vision, strategies and technologies that […] [Read More]