J.D. Byrider recognized a total of 17 dealerships from 12 states as winners of the buy-here, pay-here store chain’s annual awards during its November convention in Orlando, Fla. The company highlighted that its Franchise of the Year winners were chosen in three categories — Single (one location), Mid (two to three locations) and Multiple (more than […] [Read More]

Starting Jan. 1, Manheim will have a simplified market structure, in which each of its physical operating locations will be in one of two divisions: Local & Mobile or National.  “This is a strategic change for Manheim, but one that we are confident enables us to be an even stronger partner and solutions provider for […] [Read More]

ServNet has officially welcomed a new member to the independent auction group: Greenville Auto Auction. The auction is located in Greenville, N.C., and is owned by the Stallings family, which has operated the auction since July 2010.  It holds a weekly sale at 9:30 a.m. (ET) on Thursdays. “ServNet’s owners and board of directors are […] [Read More]

The folks at the Greater Rockford Auto Auction are set to reopen their lanes in grand fashion on Wednesday. GRAA’s auction facilities have experienced a complete reconfiguration and remodel recently, which included moving and rebuilding all of its auction blocks as well as a complete refresh of the entire sales arena. The updates also include a […] [Read More]

As supply continues to grow, with over 800,000 off-lease vehicles expected to enter the remarketing cycle next year, average vehicle price retention is expected to weaken in 2016. While 2014 to 2015 had some of the strongest vehicle retention in recent memory, this trend will start to reverse beginning next year, according to a report […] [Read More]

The National Association of Minority Automobile Dealers and IHS Automotive have partnered together to create their first Diversity Volume Leadership Awards. These awards will recognize makes and models that garner the highest new-vehicle volume registrations based on model year for the following consumer segments: Ethnic consumers (consumers of African-American, Asian, Hispanic or Native American descent) […] [Read More]

Chrome Data Solutions, in partnership with SpinCar, have collaborated to create a 360-degree vehicle rotation platform to enhance vehicle description pages. Perhaps the most striking feature that differentiates the tool from other similar offerings is the inclusion of “hot spots,” which allow the seller to highlight features of each vehicle and provide the customer another […] [Read More]

Remarketing company FLD Inc. announced Thursday an internal promotion to fill the role of chief financial officer. Taking the reins of CFO is Rita Miller, who joined the company as a comptroller in 2008. According to FLD, in her new role, Miller will now be more involved with projections in budgeting, assisting with the introductions […] [Read More]

Copart Canada announced Friday morning the grand opening of its Moncton, New Brunswick location, which serves to grow the company's footprint in Eastern Canada. The company also shared it has completed the full integration of Copart’s Virtual Bidding – The Third Generation (VB3) technology at the Montreal, Quebec facility. “We are excited about our growth […] [Read More]

Steve Levine used both social media and an email message to SubPrime Auto Finance News to convey thought-provoking reaction to Thursday afternoon’s announcement from the Consumer Financial Protection Bureau. Levine wondered via Twitter if the industry as a whole is “numb” after noticing “just a ripple” soon after the CFPB’s enforcement actions against Clarity Services […] [Read More]