Currently, used-car certification programs are now available through most, if not all, major car manufacturers and are joined by numerous warranty companies touting their own versions of vehicle certification. The certified pre-owned market has broken sales records in each of the past five years, and all data point towards 2016 as another record-breaking year for CPO sales. […] [Read More]

A vivid partisan divide appeared again this week when the U.S. House Financial Services Committee approved a measure that would place budget appropriations for the Consumer Financial Protection Bureau within Congressional jurisdiction. The committee approved what is being called the Taking Account of Bureaucrats’ Spending Act by a vote of 33-20 with the entire opposition […] [Read More]

There’s a new head of Dealertrack’s Canadian operations. The company announced Thursday morning that Richard Evans has been appointed vice president and general manager of Dealertrack Canada, a move that’s effective April 25. Evans was most recently vice president for collateral management solutions at Davis & Henderson. In his new role, Evans will work initially with […] [Read More]

This week, RSR Global launched three new solutions for Canadian dealers — GLOBAL ONE, GLOBAL DRIVE and GLOBAL U.   With the rollout of these solutions, RSR Global highlighted that it now offers a comprehensive suite of easy-to-deploy F&I products and programs, backed by the newest technology to manage and sell, while delivering the training necessary […] [Read More]

Canadian Black Book has a new vice president of research and editorial, with former J.D. Power senior manager Brian Murphy taking over for Josh Bailey. The announcement was made late last month and was effective Tuesday. The company said Bailey “has elected to leave CBB to pursue his passion for travel, continual learning and personal growth.” […] [Read More]

Cox Automotive is expanding its global footprint by acquiring a majority shareholding in Molicar, a Brazilian vehicle valuations business. Based in Sao Paulo, Cox Automotive said Molicar is widely acknowledged as setting the “industry standard” for valuations in Brazil and represents a strategic fit for the company, which already owns the Kelley Blue Book brand […] [Read More]

It won’t be a “Saturday in the Park,” but rather a “Wednesday at the auction” when DAA Northwest hosts its annual Rock & Roll Sale. The auction has announced that Chicago will be the featured headliner at the July 20 event. “Every year, DAA’s customers, employees and vendors wait for this announcement with anticipation,” said DAA […] [Read More]

On Wednesday, CarMax highlighted a commitment to providing community support and career opportunities to the nation’s military, veterans and their families. CarMax and The CarMax Foundation have pledged a total of $1.4 million spread over the next three years to organizations supporting the military, including Hiring Our Heroes, KaBOOM and The Mission Continues. CarMax joined […] [Read More]

Thanks to a partnership between AutoIMS and Chrome Data announced Wednesday, wholesale consignors will be able to tap into what the companies described as more accurate and standardized vehicle content data straight from the AutoIMS platform. The International Automotive Remarketers Alliance’s Standards Committee has called for a centralized vehicle data repository, and the chair of that […] [Read More]

Experian Automotive’s latest State of the Automotive Finance Market report pinpointed the 10 states with the highest rates of 60-day delinquency after the fourth quarter as well as the 10 states where delinquency to the point where repossession is necessary are the lowest. The two states tied for the highest 60-day delinquency rate each posted […] [Read More]