The Association of Finance & Insurance Professionals (AFIP) announced that Ryan Cole, a senior in the Automotive Marketing and Management program at Northwood University in Midland, Mich., was named the Jakob Murray Lange Memorial Scholarship winner for 2015. Officials indicated Cole was selected for the award based on his exemplary achievement as an intern with […] [Read More]

The Automotive Industries Association of Canada — the national trade association representing the automotive service and repair industry — announced this week its president and chief executive officer will leave the association on May 1. Robert Pitt, chairman of the board of AIA Canada, revealed that Marc Brazeau, the association's current president and CEO, is […] [Read More]

Experian Automotive found that the total outstanding balance on open automotive loans hit an all-time high during the fourth quarter, but subprime contracts constituted a smaller part of the figure. That all-time high figure climbed to $886 billion. But according to its latest State of the Automotive Finance Market report, Experian indicated the volume of open […] [Read More]

Just a mere decade ago, as CPO was emerging onto the market, most shoppers had little idea what the acronym stood for, let alone how these vehicles stood out from late-model used rides. Now, according to recent TRADER research, the majority of vehicle shoppers are not only aware of the value of certified pre-owned vehicles, […] [Read More]

Wholesale price movement for the first month of 2015 for ADESA Canada and Manheim Canada was minor, showing little change from the end of last year. Based on numbers provided by the two companies, there appear to be very slight shifts in overall pricing as Manheim has reported a 0.3 percent decrease in its January […] [Read More]

This week, ALS Resolvion announced the completion of its operational and financial integration resulting from the merger of American Lending Solutions and Resolvion.  The two companies formally merged last September, creating one of the largest repossession management and skip-tracing firms in the auto finance industry. Officials highlighted the combined business currently employs more than 160 […] [Read More]

The latest Used Car Market Report from Edmunds.com indicates that lease penetration in 2014 reached 27 percent, just five years after rates fell below 17 percent. One of the segments of the car business that has been a big beneficiary of the rampant bounce-back in leasing has been the certified pre-owned business. “New-vehicle leasing continues […] [Read More]

The American International Automobile Dealers Association highlighted some of the speakers who will be a part of the organization’s ninth annual International Auto Industry Summit that runs on May 11 and May 12. The event’s opening dinner will be headlined by Robert O’Neill — a renowned member of Navy SEAL Team 6 — who will […] [Read More]

Coming off the fourth record year in a row for certified sales, the market is at an all-time high. That’s according to analysts at Edmunds.com, whose latest Used Vehicle Market Report shows that 2014 CPO sales hit an all-time record of 2.3 million. Interestingly, though it wasn’t a record year for used-car sales overall, the […] [Read More]

Although the prevalence of certified pre-owned has certainly increased in recent years, it still represents less than a quarter of used-car sales. Or, as AutoTrader.com president Jared Rowe put it: “That’s a lever we haven’t fully pulled.” Rowe was speaking last week at the 2015 Digital Summit , an event at Google’s Mountain View, Calif., headquarters […] [Read More]