The Larry H. Miller Group of Companies announced recently that Bryan Henrie, currently the president of Prestige Financial Services Inc., has now been named the president of Total Care Auto, effective immediately. “Bryant has worked for the LHM Group for 27 years and has proven his ability to not only grow our business, but manage […] [Read More]

GWC Warranty announced  that it has aligned with the National Independent Automobile Dealers Association as a bronze-level national corporate partner. “GWC has exemplified its commitment to being an innovation leader in ensuring independent auto dealers are relevant, profitable, compliant and exceeding their customers’ needs within their F&I ancillary solutions,” said Scott Lilja, NIADA senior vice […] [Read More]

Total bankruptcy filings were down 12 percent in 2014, making it five straight years of decreases, and commercial filings showed a particularly steep slowdown. That’s according to Epic Systems, Inc. data cited by ABI this week. And here’s the kicker: for the first time in seven years, there were less than 1 million total annual bankruptcy […] [Read More]

American Honda Motor Co. broke out its checkbook on Thursday and agreed to pay out a total of $70 million in penalties from federal regulators. The automaker and the U.S. Department of Transportation’s National Highway Traffic Safety Administration announced that the OEM entered into an agreement to resolve the government's inquiry into Honda's early warning […] [Read More]

Manheim reported that wholesale values increased in the fourth quarter by nearly 2 percent to finish 2014 slightly higher than the previous year, as consumer demand for used models remained strong. The movement left the Q4 reading of the Manheim Used Vehicle Value Index — a measure of wholesale prices adjusted for mix, mileage and […] [Read More]

TREND Financial — which specializes in custom-made automotive financing solutions — announced today it has signed an $81 million non-revolving credit facility with long-term partners Maxium Financial Services. The company’s statement noted the move is designed to accelerate significant company growth, and will allow TREND “to continue its pace of growth for 2015,” with a […] [Read More]

Serpa BMW, a Newmarket, Ontario, dealership,  is now officially a designated BMW “M-Certified Center of excellence.” The automaker’s recognition was effective on the first of the new year. "M Series vehicles have been featured since Serpa BMW took over the dealership in April 2012, but this new designation is something special, based on our success with the […] [Read More]

The Ontario Motor Vehicle Council announced Thursday that a Mississauga used-car dealer has been fined for breaching disclosure requirements. Emmanuel Ntiri, operating as Edlavi Motors, has been fined $7,000 for breaching OMVIC’s Code of Ethics, the organization said in its statement. Edlavi Motors was charged with failing to disclose accident damage repairs greater than $3,000, contrary […] [Read More]

Canada’s most sought after vehicles of 2014 were all over the map – both literally and metaphorically. The top 10 vehicles for the year, provided by autoTRADER.ca, run the gamut of variety, ranging from rides for those city-dwelling, economy-minded consumers, to those with serious performance in mind, both on the road and off. Following is […] [Read More]

KAR Auction Services announced Wednesday afternoon that it has formed a new Digital Services Group that will be led by Peter Kelly, currently the chief technology officer for KAR. The company said that, among other assets from KAR’s portfolio, the Digital Services Group will combine several businesses and brands, including OPENLANE, CarsArrive Network, and Recovery […] [Read More]