National Auto Auction Association president Mike Browning found both celebratory and somber moments during National Auto Auction Week, which was wrapping up Friday. A highlight from the weeklong event was the announcement of the four regional winners of NAAA’s first-ever Auto Auction of the Year Award, which honors excellence in community service. The winners were: • Eastern […] [Read More]

If any buy-here, pay-here operators were fans of the HBO comedy program “Last Week Tonight with John Oliver,” they might not be any longer after the host’s unflattering portrayal of subprime auto financing, and in particular BHPH dealerships. The nearly 18-minute segment recounted the story of a vehicle repossessed and resold multiple times, revisited the […] [Read More]

According to a recent study by the Sierra Club, electric vehicles are not widely available on most lots. The demand is there, but the study informs that dealerships are not keeping electric vehicles in inventory, salespeople are not prepared and educated to talk about them, or the vehicles are not charged or unavailable for a test drive. […] [Read More]

KAR Auction Services announced that Tim Massingale has been promoted to vice president of enterprise optimization. He will report to David Vignes, KAR executive vice president of enterprise optimization. As part of the enterprise optimization team, Massingale will help to maximize resources and increase synergies across all of the KAR business units. He also will […] [Read More]

April through June represented the best second quarter ever for certified pre-owned sales, according to Edmunds.com, which said dealers sold 678,169 CPO units. This beat year-ago figures by 2.6 percent.  Used-car inventories are getting younger at franchised dealerships, cars are coming off lease and CPO sales continue to break records.   Certified has become a bigger part […] [Read More]

TRADER Corp. has announced an exclusive partnership with Toronto-based Coherent Path that is bringing “big data” to the Canadian auto industry. Years of data on autoTRADER.ca indicates that consumers don’t tend to begin their journey with a clear path to purchase, and that many factors can influence them along the way. By applying Coherent Path’s […] [Read More]

Along with deeper analysis into delinquencies, TransUnion’s director of research and analysis in Canada Jason Wang shared exclusive data with Auto Remarketing Canada that pinpointed the swift upward trajectory consumers are taking with regard to how much auto finance debt is now on their individual balance sheets. Viewed one quarter in arrears to ensure all […] [Read More]

TradeRev, a mobile vehicle appraisal and auctioning system for dealers, has hired John Farquharson as the manager of operations for Canada. Farquharson will oversee the support and arbitration departments and administrative operations throughout Canada.  He will also be responsible for developing and improving processes around customer service, as well as creating efficiencies that allow operations […] [Read More]

 Asbury Automotive Group said through social media accounts earlier this week that the head of its Q auto program, Casey Coffey, will also take on the role of national used-car director for the dealer group. Coffey will continue to lead the Q auto program, which includes standalone used-car retail stores. “Casey is a proven leader […] [Read More]

The National Weather Service Office in New Orleans reported that more than 10 of its recording stations in southern Louisiana counted at least 10 inches of rain during a 48-hour span this past weekend, with one area approaching 22 inches. The torrential downpours happened not far from where Hurricane Katrina deluged the Gulf Coast 11 […] [Read More]