Regulatory investigations of auto finance companies are piling up as now reportedly the New York Department of Financial Services is joining the fray. An online report citing an anonymous source indicated New York state’s financial services regulator subpoenaed the captive arms of Ford, Honda, Nissan and Volkswagen as well as Santander and TD Bank. A […] [Read More]

F&I trainer Rebecca Chernek of Chernek Consulting is rolling out a completely revamped training website aimed at giving dealership financing staff the tools needed to close this year strong and to get 2015 off to a better start. Consulting Virtual Pro is an online training program available whenever dealer staff might need it.  Leveraging her […] [Read More]

CarMax this week announced its leadership transition plan for CarMax Auto Finance, since Angie Chattin — a member of this year’s Women in Remarketing class — is retiring. Promoted to senior vice president and president of CAF is Jon Daniels, who joined the company’s captive finance company in 2008 as vice president, risk and analytics. […] [Read More]

Extending the contract term length by 12 months meant consumers spent an extra $1.4 billion on new vehicles in November. That’s the calculation by Requisite Press, which also shared its November Auto Buyer’s Affordability Index (ABAI) this week. Requisite Press reported an index reading of 53.0, indicating that a prudent, median-income household can only afford […] [Read More]

Even as temperatures dropped and holiday shopping began, auto shoppers’ pocketbooks weren’t stretched too thin to show some interest in the sports car market. For the second month in a row, pre-owned vehicles in high demand and short supply are mostly sporty models, sporty-luxury models and some utilities, mostly on the luxury end. That’s according […] [Read More]

When you talk with Janet Barnard, the newly named president of Manheim North America, it’s clear that customer feedback, particularly as it relates to technology and innovation that improves the business process, is of great importance. And in a conversation with Auto Remarketing this fall, she also described how Manheim’s teamwork with fellow Cox Automotive companies […] [Read More]

It was announced this afternoon Janet Barnard will be taking on the position of president of Manheim North America. The move is effective immediately. Barnard, who previously served as executive vice president and chief operating officer, will continue to lead the company's core vehicle auction business that includes 78 operating locations and a team of […] [Read More]

AutoNation is launching its transaction website SmartChoice Express in South Florida today that allows consumers to shop for and reserve a vehicle online before picking up their car at the dealership. After its debut in Florida, the program will be rolled out nationwide in 2015. According to a video shared by AutoNation, the process involves […] [Read More]

After dropping a bit in October, wholesale prices were on the way up again this past month. The ADESA Canada Used Vehicle Price Index, powered by ALG, shows that auctions prices rose by an average of 0.9 percent from October rates. The midsize car segment saw one of the biggest spikes in price, with rates […] [Read More]

The Ontario Toyota Dealers Association decided to celebrate the holiday season by granting a wish a day for the first 24 days of December. Coining it as the Wishmaker, OTDA plans on giving back to 24 Ontarians who were nominated on ToyotaWishmaker.ca. The first recipient of a fulfilled holiday wish was Lhara Eben on Dec. […] [Read More]