GO Financial announced on Monday that its first back-end pool payments began this month.  Executives highlighted some of the early GO dealer-partners are seeing the benefits from their first pools maturing and now are receiving back-end pool payments based on the strong performance of their loans.  The company also mentioned many of GO’s other early […] [Read More]

As you're likely aware, it’s not just the U.S. that is seeing a booming used-car market. India, in particular, appears poised for “accelerated growth” — nearly 167 percent, to be more precise — on the pre-owned side. Bearing that in mind, Cox Automotive announced a strategic investment in a division of Mahindra Group that includes […] [Read More]

Depending on whose forecast you subscribe to, new-vehicle sales this month may end up being the highest November has ever seen. And the used-car market? Well, count on it to reach at least 2.7 million sales  and probably more, if projections from Edmunds.com and TrueCar hold firm. Edmunds is forecasting 2.77 million used sales for […] [Read More]

ADESA announced just before Thanksgiving that Heather Greenawald has been named its vice president of legal. ADESA indicated Greenawald will report to KAR Auction Services executive vice president, general counsel and secretary Becca Polak and to ADESA president and chief executive officer Stéphane St-Hilaire. In her new role, Greenawald will lead ADESA’s legal team and […] [Read More]

The Federal Trade Commission indicated this week that two Ohio dealers have agreed to settle charges from the agency that they deceived consumers with advertisements that touted low monthly vehicle lease payments but failed to disclose key terms of the offers. The FTC’s administrative complaint alleged that Progressive Chevrolet Co., and Progressive Motors, of Masillon, […] [Read More]

Chip Perry is excited to be back in the auto business. And he sees a lot of potential for TrueCar in what he believes to be a continually evolving online auto environment. He’s also aware of the much-talked-about challenges involving the company he will soon head. But Perry is ready for them. In a conversation with […] [Read More]

Apparently, the days of Black Friday and Cyber Monday deals being reserved for discounted items that would fit on your office desk or living room mantle are long gone. While some manufacturers got in the game early this year, another auto sales company is throwing its hat into the ring — in this case, it's […] [Read More]

Coinciding with the release of its first-quarter performance for its 2016 fiscal year, Copart tapped a new senior vice president of finance and chief financial officer on Tuesday; an executive who will take over the position effective Jan. 4. Copart’s new CFO will be Jeffrey Liaw, who has served as the chief financial officer of […] [Read More]

Canadians are turning toward the truck and SUV market more and more when looking for their next vehicle, a trend which in turn is helping keep retained value up for these segments. That, and of course, the ever-present reality of tight used supply. Year-to-date data on retained value for 4-year-old vehicles provided to Auto Remarketing […] [Read More]

After a recent Autotrader study showed car technology trumps brand and color for new-car shoppers, new data from KPMG shows automakers might need to step it up in the tech department even more. A recent KPMG study, titled, "The Clockspeed Dilemma," shows that automakers may need to start acting more like tech, software and consumer […] [Read More]