TPC Management Co. announced this week that Penny Wanna has been promoted to president of Auction Academy, the continuing education program the company developed to benefit the wholesale industry. Wanna has been involved with the Auction Academy program since its inception in early 2012 and most recently served as vice president of administration. “From the beginning […] [Read More]

With dealers noticing tax-refund money slowly starting to impact their retail business, Black Book’s latest Market Insights report showed truck segments retaining their value much better than car segments compared with previous weeks. Editors noticed two vehicle segments within the truck segment — subcompact crossovers and compact vans — maintained their values from the previous […] [Read More]

While analysts looked to sooth concerns about the bank card default rate reaching a 42-month high, S&P Dow Jones Indices and Experian pointed out that auto finance defaults in January remained at a level typically seen during the opening month of a calendar year. According to the S&P/Experian Consumer Credit Default Indices released on Tuesday, […] [Read More]

An Australian vehicle history report provider is coming to the U.S. It was announced Monday that CarRecord will soon offer vehicle history reports to American customers, plus NADA Values from J.D. Power Valuation Services. The company has integrated those values into its history reports.  Wayne Myers, who is the chairman of CarRecord parent company Dealer […] [Read More]

Throw on a headset, “test-drive” a car. In the middle of a convention floor space. The merging worlds of virtual reality and automotive allowed visitors to the eBay Motors booth at the NADA Convention & Expo last month to do exactly that. (Well, sort of. It's all virtual, of course). And while it’s far from […] [Read More]

GWC Warranty, a provider of used-vehicle service contracts and related finance and insurance products sold through dealers, has once again been named a Bronze Level National Corporate Partner of the National Independent Automobile Dealers Association. NIADA’s National Corporate Partner program is designed to provide its members with an extensive, highly vetted roster of partners they […] [Read More]

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Of the 2,600 Chrysler, Jeep, Dodge, Ram and FIAT dealerships in the U.S., Fiat Chrysler Automobiles announced that 387 earned certification as 2017 Customer First Award for Excellence winners for providing exceptional sales and service experience. FCA said it created the award with its dealer partners and J.D. Power to improve sales and service experience, […] [Read More]

On Monday, Cars.com launched Price Comparison Graphs, a new set of tools which provide consumers more context around the price of a used or new vehicle. The new pricing tools designed for its website and mobile app show how factors such as trim, mileage and certification impact the price of vehicles in a car shopper’s […] [Read More]

Consumer Portfolio Services chairman and chief executive officer Brad Bradley not only summarized how his company navigated the fourth quarter, but the outspoken industry veteran also perhaps gave a concise assessment of what’s happening at other subprime auto finance companies and the dealerships within their networks. First, here are CPS numbers to give a backdrop […] [Read More]