EFG Companies and the National Association of Minority Automobile Dealers (NAMAD) announced that Northwood University students Norma Benavides and Isabelle Daoud have received the annual NAMAD Private Donor Scholarship. EFG Companies, NAMAD and Northwood created the scholarship in 2015 to better enable bright, young minds to lead the automotive industry as it continues to evolve […] [Read More]

Thanks to the approval of an additional $10,000 by the National Auto Auction Association’s executive committee, the 2016 NAAA Auto Auction of the Year winner will receive a total of $25,000. The four chapter auction winners receive $5,000 each for the regional win, and the final auto auction champion for 2016 will be announced and […] [Read More]

CarMax celebrated the grand opening of its first used-car store in Idaho.  The store, located at 4043 E. Elden Gray St. in Meridian, will stock more than 200 used vehicles of nearly every make and model. “The Meridian community has been very welcoming to CarMax,” said Louis Cominiello, location general manager. “We are very excited […] [Read More]

Edie Hirtenstein has been named director of business development for instaVIN, a business unit of KAR Auction Services. She will report to instaVIN chief executive officer and president Jim Irish. Hirtenstein will be responsible for managing customer relationships and identifying and implementing innovative products and services. Her key areas of focus will be to develop […] [Read More]

If you’re a dealer looking to move your CPO inventory, take note: Autotrader has come out with its top picks for certified pre-owned deals in September.  “Certified pre-owned vehicles used to be kind of a secret, something only your uncle Ned and car guy neighbor knew about. Today, many people are catching on that it's […] [Read More]

Autotrader senior analyst Michelle Krebs scanned several recent headlines, which included a Volkswagen engineer pleading guilty for his role in a conspiracy to cheat U.S. emissions tests as well as Wells Fargo agreeing to a record fine from the Consumer Financial Protection Bureau. Krebs then arrived at a succinct conclusion. “The feds are cracking down […] [Read More]

Along with explaining why last month’s new-vehicle sales performance might have been good for the used market, Cox Automotive chief economist Tom Webb pointed out the Manheim Used Vehicle Value Index for August rose more than 2 percent year-over-year. Manheim reported that wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) declined […] [Read More]

Cars.com chief executive officer and president Alex Vetter called it an “exciting week” as the company announced it would be spun off as a separate, publicly traded entity through a process expected to be finalized during the first half of next year. For dealers who list their inventory on Cars.com, perhaps they should be excited, […] [Read More]

Jeannie Warzynski manages eight Automotive Finance Corp. branch offices throughout Texas and New Mexico, maintaining customer service to all dealer customers while growing and managing the company’s floorplan portfolio. “Most importantly, I am charged with leading a team of managers to exceed all goals laid out for us and ensure their personal career goals are […] [Read More]

Chintan Talati grew up in San Antonio but wanted to live in California, particularly Los Angeles, for two reasons. “I wanted to live near the ocean and watch the Lakers play in person,” Talati said. When searching for employment in his desired location, Talati came across a public relations job listing for Edmunds.com. “At the […] [Read More]