Amid a certified pre-owned market that continues to grow, Autotrader has come out with this month’s list of top picks for certified pre-owned deals and incentive offers in February. "Not everyone can spend a fortune for a new car, but the potential repair bills from a modern used car can deter shoppers,” Autotrader executive editor […] [Read More]

Paragon Honda in Woodside, N.Y., has been the No. 1 certified pre-owned dealer in the U.S. every year since American Honda Motors Co. began tracking the data in 2008, according to the company’s remarketing department. It sold 3,012 CPO units in 2016, good enough for a 20-percent gain, says Paragon Honda’s Brian Benstock. And very soon, […] [Read More]

The amount of recalled cars on the road has increased 34 percent since last year and one in four vehicles Americans drive has open recalls, according to research data that Carfax released on Thursday. Carfax estimates that there are more than 63 million recalled vehicles now in use across the country — and many throughout […] [Read More]

Manheim announced general manager changes at five auction locations on Wednesday. The company promoted Manheim St. Louis’ Jason Blake, Manheim Kansas City’s Victor Ferlaino, Manheim Denver’s Ray Priest, Manheim Milwaukee’s Tom Saldutte and newly hired Manheim Northstar’s Scott Maybee, who joins Manheim following a position as vice president of operations for Nissan Canada Finance. “These […] [Read More]

GWC Warranty — a provider of used-vehicle service contracts and related finance and insurance products sold through dealers — and Carleton, a provider of compliant financing calculation and digital document software solutions, each made personnel moves this week. At GWC Warranty, the company promoted Mike Silverman to the position of director of marketing strategy. Silverman joined […] [Read More]

Consumers are relying more on retail installment contracts and leases to acquire cars than they were eight years ago, yet many might not be as prepared as they should be going into the purchase. However, the silver lining is that the vast majority appear to take those payments seriously once they’re in the deal. This, […] [Read More]

At GSFSGroup, Jeff Parent succeeds Steve Amos as president, who retired last week after a tenure of nine years. During his leadership, Amos championed the launch of eContracting and Dealer Executive Dashboard, a flexible online data solution to help maximize dealer profitability,  the provider and administrator of F&I products and reinsurance structures for the auto […] [Read More]

In the latest installment of the annual Best of BHPH issue of BHPH Report, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. Next up in this series is Susan Perlmutter, chief revenue officer at Sigma Payment Solutions. BHPH Report: […] [Read More]

In the latest installment of the annual Best of BHPH issue of BHPH Report, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. Next up in this series is Peter Ord, national sales director at DealerSocket. BHPH Report: How much […] [Read More]

Credit Acceptance Corp. posted year-over-year income increases even as company leadership acknowledged the difficulty in keeping originations coming through its dealer network as well as intensifying regulatory demands. This past Friday, a few days after sharing its fourth-quarter and full-year financial results, Credit Acceptance said it received a civil investigative demand from the Federal Trade […] [Read More]