This week, GWC Warranty, a provider of used-vehicle service contracts sold through dealers, appointed Brian Stach as the company’s new chief revenue officer. In his role, Stach will oversee all of GWC Warranty’s field sales operations, including a nationwide team of area vice presidents, dealer consultants and trainers. “Brian is a proven leader with a […] [Read More]

The Enterprise Rent-A-Car Foundation announced Wednesday it has pledged $750,000 to the American Red Cross and $250,000 to Americares to help communities devastated by Hurricane Irma. The $1 million in donations from the philanthropic arm of the Enterprise Rent-A-Car brand will go towards relief efforts in both the Southeast U.S. and the Caribbean, the company said. Enterprise's support for disaster relief now totals $3 […] [Read More]

The Canadian Finance & Leasing Association announced a new chairman of the board earlier this month, along with six executive committee members, including some from the auto-finance industry . And it will also have a new president and chief executive officer on Oct. 1. The new CFLA chairman is Richard McAuliffe, who is senior vice president […] [Read More]

Car shoppers have recently shown increased interest in segments such as luxury sport, coupe, luxury sport sedan and large SUVs, according to Jumpstart Automotive Media’s latest shopper interest data report. From July to August, across Jumpstart’s portfolio of sites, shopper interest in the luxury sport segment grew 28 percent; the coupe segment grew 15 percent; […] [Read More]

In the showroom, car brands only have about 20 seconds to influence a car shopper's opinion, according to eye tracking provider Tobii Pro Insight, which partnered with Dx3 Canada and Toyota Canada to closely analyze consumer's typical showroom experience. As if they were shopping for a new vehicle, 92 study participants were given Tobii Pro […] [Read More]

Like KAR Auction Services noticed as well, both Cox Automotive and J.D. Power Valuation Services are watching closely how Hurricanes Harvey and Irma are impacting used-vehicle prices in September. And evidence is prompting analysts to modify their expectations for where the price readings might be by the end of the month. According to a note shared […] [Read More]

Because of the Federal Reserve’s view of realized and expected labor market conditions and inflation, a unanimous vote of the Federal Open Market Committee decided to maintain the target range for the federal funds rate at 1 percent to 1.25 percent, according to an announcement policymakers made on Wednesday. Fed chair Janet Yellen explained the […] [Read More]

While NADA Show 2018 takes place during the height of college basketball’s March Madness championship run, one of its five keynote speakers has a few rings of his own from the college football world. On Thursday, the National Automobile Dealers Association announced the keynote speakers for its annual convention, and Alabama football coach Nick Saban […] [Read More]

The Serpa Automotive Group has launched its new Serpa Automotive Boutique, which specializes in helping professionals find, purchase and arrange the delivery of hard-to-find luxury marques and rare models. Shoppers can either visit the store or go online to have Serpa Automotive Boutique begin locating vehicles among various brands and dealers. Serpa Automotive president Frank […] [Read More]

With hundreds of thousands of vehicles potentially impacted by Hurricanes Harvey and Irma, the destruction from the storms and its effects on the car business is multi-faceted and complicated, to say the least. One head-scratcher that comes to mind: What happens to cars that were previously certified pre-owned but sustained damage during the storm? “You’re […] [Read More]