CarMax is planning to add more than 1,000 employees to their team. The company is currently recruiting for the positions in locations across the country, and indicates that most of the positions are in service operations, for roles such as detailers, experienced technicians and sales. There are also additional open positions in purchasing and the business […] [Read More]

Copart recently announced the top three winners of its first-ever Copart Rebuild Challenge, a contest designed for enthusiasts and auto rebuilders to show how they restored, customized or rebuilt a vehicle. Copart members from across the country submitted their rebuild projects for a chance to win the $10,000 grand prize. A panel of Copart judges […] [Read More]

Following a path taken by a former Blue Oval leader and other top chief executives, Dale Pollak, founder of vAuto and an alumnus of Indiana University's Kelley School of Business, has been named a leader-in-residence at the school for the upcoming year. The official position — the Poling Chair of Business and Government — was […] [Read More]

Fitch Ratings reported U.S. auto loan ABS delinquencies and losses climbed in July on a monthly basis. However, Fitch expected such a movement, so the firm contends that asset performance in the sector should moderate further in the remainder of the year, but remain on track within initial loss expectations. Analysts also said that prime […] [Read More]

Resolvion and American Lending Solutions (ALS) completed a merger agreement this week that will combine their respective operations into one of the largest skip-tracing and repossession management firms in the industry. Executives indicated the new company will operate under the name ALS Resolvion. The combined company will maintain its operations centers in Charlotte, N.C., Atlanta […] [Read More]

August represented the best-ever certified pre-owned sales month in history, besting the prior record CPO sales total by more than 15,000 units. According to Autodata Corp., there were 222,675 certified pre-owned sales in August, making it the strongest month of all time for CPO sales. The previous record was set in May, when dealers moved […] [Read More]

Several brands have already reported all-time records for monthly certified pre-owned sales — and that may not be the last of it. Starting things off with Chrysler Group, the company sold 13,760 certified vehicles in August, which was its best month ever for CPO sales. Hyundai, which also posted its strongest certified sales month of all […] [Read More]

Toyota introduced the Prius to Canada 15 years ago — and this week, the automaker reported it has reached the milestone of 100,000 hybrids sold in Canada. Providing an interesting illustration, Toyota Canada said the fuel saved by Canadian drivers using Toyota and Lexus hybrids over the past 15 years would fill more than 103 […] [Read More]

The Canadian Vehicle Manufacturers’ Association issued support of the Joint Forward Plan released by the Canada-United States Regulatory Cooperation Council (RCC) last week. The plan, the next step in cooperation between the two countries set in motion by the 2011 Joint Action Plan, continues the implementation of groundwork to collaborate and streamline joint efforts involving […] [Read More]

Certified pre-owned sales were steady in August, and three automakers reported their best August for certified sales ever. First up, Porsche Canada reported a record month, posting the highest CPO sales for August ever. Porsche Approved certified pre-owned sales reached 96 units last month. Audi Canada, who continued to see CPO sales soar by double digits […] [Read More]