Hyundai Auto Canada’s new certified pre-owned program, known as H Promise, was launched last year and is designed to be a product that adapts to its market environment. Joel Gregory, national sales manager for CPO and remarketing at Hyundai Auto Canada Corp., told Auto Remarketing Canada that Hyundai’s previous CPO program was “appropriate for its […] [Read More]

Hurricanes Harvey and Irma took a chunk out of auction volumes for late-model vehicles. According to the latest Guidelines report from J.D. Power Valuation Services, late-model auction volume was down 18.1 percent month-over-month in September. It dropped 9.3 percent year-over-year. More specifically, auction volume for this age group (vehicles 3 years old or less) was […] [Read More]

Following the company purchasing the remaining interest in TradeRev, KAR Auction Services ironed out a few leadership updates on Wednesday. Becca Polak, who had been KAR’s executive vice president, general counsel and corporate secretary the past decade, is now the president of TradeRev. She also earned a promotion to the role of chief legal officer […] [Read More]

Triggered in part by online vehicle retail sales activity gaining steady momentum, Assurant made a $2.5 billion acquisition of The Warranty Group, which works with more than 5,600 dealerships selling F&I products such as vehicle service contracts and GAP insurance. Assurant highlighted in a news release announcing the move on Wednesday that The Warranty Group’s […] [Read More]

With a stronger than normal performance pushing September price readings, the analyst team at J.D. Power Valuation Services is projecting that October’s wholesale movements will be less than half of what was recorded during the same month a year ago. According to their latest issue of Guidelines, analysts expect that wholesale prices of vehicles up […] [Read More]

T3 Consulting Group announced Wednesday it has brought aboard former Dominion Dealer Solutions vice president George Nenni to join the company’s roster of  advisors. Nenni brings more than three decades of automotive technology expertise. In 1993, Nenni began his career with Dealer Specialties, where he oversaw overall automotive operations and remained with the company after […] [Read More]

Acura has introduced a revamped certified pre-owned vehicle website, AcuraCertified.com. The new completely redesigned site built to simplify the online CPO vehicle shopping process allows shoppers to compare vehicles and easily share their selections online, Acura announced Wednesday. "With the booming growth in Acura Certified Pre-Owned sales and tremendous increase in online and mobile vehicle shopping, we […] [Read More]

Search Optics announced Wednesday it has appointed Tabi Elbahou as senior vice president of global enterprise sales to oversee the company’s continued international expansion. For almost a decade, Elbahou most recently served as director of operations for AutoAnything.com, a subsidiary of AutoZone, where he led all aspects of online sales and directed customer service across the […] [Read More]

GM Financial is ready to have a Texas-sized celebration on Thursday. The captive — which also is one of the Silver Sponsors of Used Car Week —  will host the grand opening of its new service center in San Antonio; an event that will feature several notable city, county and state officials and community leaders […] [Read More]

Another nationwide organization is asking federal regulators for assistance since technology has revolutionized the way finance providers and customers can communicate. The Credit Union National Association (CUNA) recently filed a petition with the Federal Communications Commission regarding the Telephone Consumer Protection Act (TCPA), outlining how it can provide credit unions with regulatory relief from the […] [Read More]