Prestige Financial rolled out a new direct-to-consumer loan solution on Tuesday aimed at leveraging the potential market for refinancing a vehicle installment contract. The company highlighted that Prestige’s new offering allows consumers to deal directly with the financing source to access the best contract available to them. Until now, Prestige has provided auto financing exclusively […] [Read More]

The American Financial Services Association announced that nine executives have been elected to join its board of directors for three-year terms, which will begin following the association’s board meeting on Oct. 6. The nine individuals include: — Jody Anderson is responsible for managing Regional Management’s daily operations, implementing, managing and monitoring the execution of current […] [Read More]

Announced this morning, Mercedes-Benz Canada will have a new president and chief executive officer come Jan. 1, 2016. The company informed its employees and dealer network today that Gareth Joyce will take over for Tim Reuss as president and CEO come the first of the new year. Reuss will transition to president and CEO of […] [Read More]

Women visit 30 percent more dealerships than men prior to buying a car, according to a Women-Drivers.com study. Several reasons contribute to this difference. In a recent report from Kelley Blue Book, women are twice as likely as men to be undecided about which car they really want. Added to this is the fact that […] [Read More]

Whann Technology Group announced Tuesday that founder Keith Whann will now head up day-to-day operations of the company, having stepped down from his post as chief executive officer of Columbus Fair Auto Auction. Whann joined CFAA in 1987 and had been CEO and an owner for the last 10 years. He will be an owner […] [Read More]

As the month kicked off, FCA U.S. named a head of product planning, and Mazda North American Operations (MNAO) has chosen a director of design. Announced Tuesday, MNAO has picked Julien Montousse as director of design at its Irvine, Calif.-based design studio. In this new position, Montousse will oversee all of Mazda's North American design […] [Read More]

It’s that time of year again: the next generation is headed back to school and their variety of before- and after-school activities. Parents, family and friends looking at upgrading their vehicles will have this in mind this time of year, so Steve Halloran, the chief editor at CarGurus, has announced his company’s recommendations for them […] [Read More]

Fueled by a double-digit jump in pickup prices, Manheim noticed wholesale prices (on a mix-, mileage- and seasonally adjusted basis) increased for the third consecutive month in August. As a result of five of the six major vehicle segments moving higher, the Manheim Used Vehicle Value Index moved up to a reading of 124.3, representing […] [Read More]

Chase Channell was the owner and operator of his own paint store in West Virginia when he happened to bump into a man at a downtown restaurant who was involved in automotive marketing. Channell, who opened the Elkins, W.Va., paint store at age 18, chatted with the man, who was in town for a tent […] [Read More]

Joining the journey first started by ACA International, the U.S. Chamber of Commerce as well as the Consumer Bankers Association, recently filed petitions for review in the U.S. Court of Appeals for the D.C. Circuit, challenging several aspects of a declaratory ruling and order issued by the Federal Communications Commission this summer that officials believe […] [Read More]