Lynn Weaver has been named the first-ever executive director of the Independent Auction Group. Weaver is the former owner of Harrisburg Auto Auction, which he sold to Americas’ Auto Auction in December 2014 and then remained general manager until he retired from daily operations on Jan. 1 He was previously the volunteer co-chair of IAG, […] [Read More]

AutoIMS recently announced the promotion of Venkat Krishnamoorthy to chief operating officer. Krishnamoorthy most recently served as AutoIMS chief information officer, managing development, support and updates, and is recognized as a critical contributor to the success AutoIMS has enjoyed over the past 20 years since Krishnamoorthy first joined the company 16 years ago. “Venkat understands our industry […] [Read More]

Two attorneys who spent part of their legal careers with the Consumer Financial Protection Bureau and are now in private practice described how the regulator can claim some victories since the latest federal court action deemed the agency is constitutional. However, these experts also pointed out the opinions shared by the D.C. Circuit Court of […] [Read More]

This week, America’s Car-Mart expanded its network of buy-here, pay-here dealerships. The company opened its second store in Bowling Green, Ky. The location raises Car-Mart’s footprint in the Bluegrass State to 12 dealerships. Car-Mart indicated this new Bowling Green dealership will be managed by Jesse Robb. The action represented Car-Mart’s third new dealership opening for […] [Read More]

Mercedes-Benz Canada recently announced the winners of its 2018 Star Dealers award, which recognizes the top performing dealerships that have contributed to the company's success. The awards program acknowledged 11 Mercedes-Benz Canada dealers from across its national network of 59 retail operations for robust customer service satisfaction and demonstrating outstanding performance in both new and pre-owned sales and service and […] [Read More]

With the first full month of the year in the books, Autotrader on Wednesday named the 10 must-shop certified pre-owned mass market and luxury vehicles for 2018. To make the list, vehicles needed to fit a budget not surpassing $40,000 for the non-luxury cars and $65,000 for luxury models. “This list of ‘good as new’ models […] [Read More]

The decision has arrived. The current structure of the Consumer Financial Protection Bureau is constitutional, according to the latest federal court action. On Wednesday, the en banc review by the D.C. Circuit Court of Appeals surfaced, and the majority opinion declared that the CFPB structure can stand. This case stems from a $109 million penalty […] [Read More]

For this episode, we get back to basics — as in the fundamentals of auto-finance underwriting that include credit, character, capacity and collateral. In light of a changing market impacted by sales trends and technology, Brett Collett, who is strategic automotive consultant for Equifax, shared a conversation with Nick about how these four basics remain vital […] [Read More]

Carvana announced Wednesday that it has added two more North Carolina markets, since launching in both Charlotte and Raleigh last year. Greensboro and Winston-Salem-area residents can now shop Carvana’s more than 9,000 vehicles and schedule as-soon-as-next-day vehicle delivery, according to the company. “We received a warm welcome in Charlotte and Raleigh, so we were eager to […] [Read More]

The proliferation of smartphones and potential buyers seeking financing at places nowhere near dealerships are combining to drive more investment into mobile platforms. The latest development came on Wednesday as Santander Consumer USA announced that it will invest and work with AutoFi with the intention to streamline and simplify the vehicle-buying process for consumers, while […] [Read More]