IARA announced Wednesday details about its upcoming town hall discussion on cybersecurity set for the last day of the Conference of Automotive Remarketing. Auto-ISAC’s Faye Francy and Jack Cooper Logistics' Andrea Amico will host the town hall next month. IARA said the two executives will discuss minimizing cybersecurity threats to the remarketing industry, along with […] [Read More]

Penske Automotive Group announced Thursday that it has raised over $1 million through its "Service Matters" campaign for the  Paralyzed Veterans of America. The annual campaign has now raised more than $3 million for the veterans service organization since 2015, the company said. This year, Penske has matched each donation — up to a total contribution […] [Read More]

Changing consumer behavior is forcing wholesale market experts to modify how they track pricing shifts. While recapping what happened in December, J.D. Power Valuation Services shared its latest wholesale price expectations for 2018, along with what analysts suspect will happen when the January data becomes available. According to the latest installment of Guidelines, J.D. Power […] [Read More]

Another busy week at the Consumer Financial Protection Bureau closed with a personnel move by the acting director that one legal expert called without hesitation, “a big deal.” According to an internal email first brought to light by The Washington Post and later obtained by SubPrime Auto Finance News, CFPB acting director Mick Mulvaney indicated […] [Read More]

After just narrowly notching another record year, sales of certified pre-owned vehicles climbed more than 5 percent in January. The CPO market began 2018 with 203,024 sales last month, according to Autodata Corp. This was a 5.3-percent hike over January 2017 — although it was also an 8.2-percent decrease from December. The Big 3 was the highlight of the […] [Read More]

Auto Market Direct announced Thursday the launch of its used-car marketplace mobile application that is now available in beta to U.S. consumers and dealers. Via the used-car marketplace, sellers can post, and buyers can search, bid and buy all from their mobile device, tablet or desktop. The app features a wide mix of trucks, SUVs, […] [Read More]

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]