Ally Financial and TIME hosted a celebration last week to honor 2016 TIME Dealer of the Year winner Mary Catherine “Kitty” Van Bortel. The TIME Dealer of the Year Award honors franchised new-vehicle dealers for exceptional performance in their dealerships and distinguished community service. Van Bortel was selected from a group of 50 nominees across […] [Read More]

An increase in used-vehicle supply coupled with heightened incentive activity will push used-car prices down by 5.2 percent below current levels by 2019, according to RVI Group’s recently released Risk Outlook report. RVI predicts that leasing will increase through 2018, putting a growing supply of used vehicles into the market through 2020. According to Polk […] [Read More]

Buyer intelligence firm Autolist.com released data just before the Fourth of July holiday that shows that the $14.7 billion settlement for some Volkswagen diesel vehicle owners will compensate them “handsomely” for being dragged into what analysts coined as “Dieselgate.” The study, which is based on more than 37 million data points, described an “optimistic” story […] [Read More]

TrueCar has appointed Art Oleszczuk to be vice president of market research. Oleszczuk, who brings 15 years of automotive research, marketing, product development and sales experience, joins TrueCar as the company makes significant investments into deeper research in order to assess ways in which it can be a catalyst for improving the automotive retail experience […] [Read More]

For the seventh consecutive year, the American Financial Services Association and the National Automobile Dealers Association co-sponsored an executive forum to discuss legislative, regulatory and operational challenges facing dealers and finance sources. Led by David Paul, chair of AFSA’s Vehicle Finance Division and senior vice president with American Honda Finance Corp., and NADA chairman Jeff […] [Read More]

Heritage Acceptance hopes to increase its financing efficiency and speed by teaming up with defi SOLUTIONS. The subprime finance company announced recently that it is now utilizing the defi SOLUTIONS loan origin system (LOS), after going live with the solution on June 4. The company hopes this move will translate into a better experience for […] [Read More]

Tom Stewart of Stewart Enterprises and Richard Curtis of RW Curtis Consulting announced they have combined their companies to create one new service organization. The new organization is called Auction Management Solutions (AMS), a firm the pair says is designed to provide comprehensive consulting services to the automotive industry that include independent auto auctions, service […] [Read More]

Before the 2016 NIADA Convention and Expo had begun, it was already a record-breaker. Now that the final numbers are in, the extent by which that record was broken is clear – and the National Independent Automobile Dealers Association says it’s impressive. Officials highlighted on Thursday that NIADA’s 70th annual gathering, held earlier this month […] [Read More]

Copart has announced an expansion of its Orlando auction location.  “We are excited to expand our existing Orlando location in order to accommodate our growth,” chief executive officer Jay Adair said in a news release. Online auctions for Copart Orlando happen at 10 a.m. Thursdays. The Copart Orlando team invites the community to come by, […] [Read More]

Manheim has appointed two new general managers. Emily Decker will serve as GM of Manheim Indianapolis, while David Aguilar will have that role with Manheim El Paso. Decker, a 20-year veteran of Manheim, started as a dealer registration administrator and took on various roles with increasing responsibility at Manheim’s Tampa, St. Petersburg and Lakeland Locations. […] [Read More]