Canadian new-car sales began the year in rapid fashion, but take that with a grain of salt. It is likely that 2017 will be the end to a four-year streak of record sales in Canada, according to Scotiabank. The company’s latest Global Auto Report indicates that the annualized new-car sales pace in January was more […] [Read More]

The two used-car standalone store outfits that Penske Automotive Group recently purchased — CarSense in the U.S., CarShop in the U.K. — should pull about $700 million in revenue each year, says the retailer’s chief executive, Roger Penske. Buying these standalone pre-owned outlets, Penske said in a quarterly conference call this week, gives the dealer group a […] [Read More]

Auction Management Solutions (AMS) announced earlier this month that firm has partnered with KASP Auto Auction in Lexington, Ky., for business development consulting. KASP owner Jim Williams his aligned with AMS, which was started by industry veterans Tom Stewart and Richard Curtis to provides consulting services for independent auto auctions, service providers and vendors.  “We […] [Read More]

During Super Bowl LI on Sunday, media, insights and marketing solutions company Jumpstart Automotive Media monitored auto shoppers visiting its portfolio of publishers in a time-trended series to see how traffic fluctuated when ads aired. Alfa Romeo, Ford, and Kia saw the highest share of traffic throughout the game according to the data and insights […] [Read More]

Payment technology and services provider BillingTree recently appointed former SunTrust and FactorTrust executive Barton “Chip” Bright as general counsel and chief compliance officer. The company said Bright will lead the compliance and risk teams at BillingTree which monitor not only internal compliance concerns, but also ensure customers in all markets have the tools to remain […] [Read More]

Reasons that S&P Global Ratings analysts expected to see when comparing December U.S. auto loan ABS performance against the previous month surfaced again, according the firm’s latest report released on Wednesday. Analysts found that collateral performance in the U.S. prime and subprime auto loan asset-backed securities (ABS) sectors for December were mixed compared with November. […] [Read More]

The Federal Trade Commission official who championed investigations and handed out significant penalties against dealerships for misdeeds involving financing, advertising and more is departing the regulator. FTC acting chairman Maureen Ohlhausen announced this week that Jessica Rich, director of the bureau of consumer protection, is leaving the agency on Friday after 26 years of service. […] [Read More]

Cars.com confirmed to Auto Remarketing via email that Gary Tucker, chief executive officer of DealerRater, was leaving the company effective Monday to pursue an opportunity outside of the company.  That opportunity, Auto Remarketing learned, is to take on the CEO position at Zubie, a connected-car platform and telematics provider.  "I am excited to join a […] [Read More]

Kelley Blue Book released its 5-Year Cost to Own awards on Wednesday, and taking the top spots were brands that are no strangers to this list. Subaru earned the brand-level award for the second time in three years, while Acura received the top luxury mark for the second straight year. KBB based the awards on its 5-Year […] [Read More]

On Tuesday, U.S. News & World Report announced the winners of its 2017 Best Cars for the Money awards, which recognize vehicles that provide consumers with the best combination of quality and value within 20 automotive categories. Methodology for determining winners includes merging quality and value data into a composite score. Within the 20 categories, […] [Read More]