Manheim appointed six new general managers this week, one of which will head up its Montreal location. As part of what the company calls “its continuing focus on developing talent and improving its customer experience," Christina St-Germain has been promoted to general manager of Manheim Montral, located at 715, rue Dubois in St Eustache, Quebec. […] [Read More]

CarMax Inc. announced today the opening of its second store in Raleigh, N.C. The store, with more than 50,000 square feet, sits on over 16 acres of space and stocks more than 300 used vehicles. In preparation of the store’s opening, CarMax plans to donate $5,000 to the Boys & Girls Club of Wake County. […] [Read More]

Manheim announced Wednesday a series of new general managers across three states and Quebec, Canada, appointing six new GMs at seven auction locations. The promotions to general manager include: Alex Fraser (Manheim Portland), Ryan Mason (Manheim Fort Lauderdale), Jeff Modjeski (Manheim Dallas), Christina St-Germain (Manheim Montreal), Toni Williams (Manheim Daytona Beach and Jacksonville) and Robert […] [Read More]

With the Los Angeles Auto Show in high gear this week and new models launching, ALG — the analytics division of TrueCar — has shared some data and analysis on how well these vehicles may hold their respective values. Below is ALG’s data as well as thoughts from vice president of industry insights Eric Lyman […] [Read More]

Industry observers cheered this week’s move by the U.S. Department of Transportation’s National Highway Traffic Safety Administration, which announced it is calling for a national recall of vehicles with certain driver’s side frontal air bags made by Takata. Regulators explained this decision is based on the agency’s evaluation of a recent driver’s side air bag […] [Read More]

Veros Credit and its affiliates recently surpassed the $1 billion milestone in loan originations.  Veros Credit’s recent expansion, coupled with a storied history of originating loans in California, Arizona and Nevada, helped the company hit this new mark. As part of its recent nationwide expansion efforts, Veros Credit now originates loans in 15 states including: […] [Read More]

The upward drift surfacing in the auto loan segment of the S&P/Experian Consumer Credit Default Indices is now six months old, but analysts are attributing the movement to the amount of metal moving out of showrooms and paper filling finance company portfolios during the same span. The October reading ticked up 4 basis points on […] [Read More]

Through findings applauded by the National Automobile Dealers Association, the American Financial Services Association offered its latest rebuttal this morning to contentions by the Consumer Financial Protection Bureau about problems with the indirect auto financing process. A comprehensive study commissioned by AFSA of more than 8.2 million auto financing contracts found that the disparity alleged […] [Read More]

When it comes to car-shopping traction by the various forms of social media, Facebook is huge, as many resources in the industry will attest. In addition to emphasizing the vast importance of Facebook to the car-shopping process, Digital Air Strike also shared a list of other social networks and the percent of car shoppers who […] [Read More]

If there is one statistic from Digital Air Strike’s recent study that best highlights the importance of social media in your store’s marketing efforts, it might be this one: better than nine out of every 10 buyers (91 percent) used social media/review sites in the dealership selection process.  And based on the findings illustrated throughout […] [Read More]