The National Auto Auction Association (NAAA) has named its United Kingdom counterpart a Warren Young Sr., Fellow. NAAA announced recently that the National Association of Motor Auctions (NAMA) is the first association to join a small group of 100 other individuals and companies who have received the lifetime distinction of being named a Fellow. Cherokee Media […] [Read More]

Black Book recently shared its latest analysis that shed light on exactly how much of an impact the spring market generated this year. According to Black Book data, the average price of a used vehicle for model years 2012 through 2016 increased in value by 0.3 percent during April, fueled by a strong spring selling […] [Read More]

Brian Landau, senior vice president and automotive business leader at TransUnion, again used a single word to summarize the latest quarterly auto finance information he and his team assembled. Landau decided the first-quarter moniker should be stabilization. Landau explained his thinking to SubPrime Auto Finance News as TransUnion released its Q1 Industry Insights Report that […] [Read More]

It’s always risky to put economic commentary into print, as the one is more fleeting than the other. A “reasoned analysis” can quickly appear to be a “ridiculous prediction” simply because of a quick shift in real world facts. The risk grows in times of financial market volatility, trade tensions, heightened geopolitical risks, or significant […] [Read More]

Penske Automotive Group has added a new member to its board of directors who brings extensive experience in the premium/luxury auto sector. The group announced Friday that Wolfgang Durheimer has been elected to the company board of directors at its annual shareholders meeting. He was most recently chairman and chief executive officer of Bentley Motors. "We […] [Read More]

Consumers in three states can now visit several newly opened Avis car sales locations to shop for low-mileage vehicles. Avis Car Rental announced Wednesday that it has expanded its Avis Car Sales program with additional locations across Florida, Texas and Massachusetts. The company explained that it now provides a direct-to-consumer model amid increased demand for former rental cars. A […] [Read More]

A trailblazing federal lawmaker who took a stand against the Consumer Financial Protection Bureau is set to address the independent dealership community. Rep. Stephanie Murphy (D-Fla.) will be the featured speaker for the Welcome Luncheon at the 2018 National Independent Automobile Dealers Association Convention and Expo, coming up June 18-21 in Orlando, Fla. Murphy, who […] [Read More]

As the number of credit union members its platform now can reach swelled nearly 60 percent year-over-year, GrooveCar adjusted its executive team with additional resources to support its credit union partners. Three new management positions highlight GrooveCar’s increased focus on growing credit union’s auto financing business. As director of business development, the company said Robert […] [Read More]

Despite all the cash being thrown on hoods nowadays, it appears the numbers still tilt to benefit leasing. Swapalease.com recently shared new data that show lease payments would still be more attractive than installment contract payments even after dealers and finance companies instituted more aggressive incentives toward retail sales. Swapalease.com conducted a loan-versus-lease comparison of […] [Read More]

Donlen has brought aboard a new senior vice president to oversee company strategy for new business development, client retention and sales force effectiveness. The company announced Thursday that it has chosen Greg Hawes to serve as Donlen SVP of sales and client relations. Hawes brings over 20 years of leadership experience developing go-to-market strategies designed […] [Read More]