Disparate impact theory is difficult even for the most seasoned legal experts to explain, so the American Financial Services Association is seeking to make sure the use of this tactic is prudent. AFSA and several financial services trade associations recently sent a letter asking all members of the U.S. House of Representatives to support Rep. […] [Read More]

The Manheim Used Vehicle Value Index dipped ever so slightly on a sequential basis in May. But if dealers remember what they paid for inventory during the same month last year, they’ll notice that more funds came out of floor plan this past month. Manheim determined wholesale used vehicle prices (on a mix-, mileage- and […] [Read More]

It has only been a matter of weeks since Asbury Automotive Group opened its first Q auto store. So, in speaking to the crowd at the Stephens Spring Investment Conference in New York this month, the retailer made it clear that it is a bit early in the game to get any real measurable feel […] [Read More]

At the recent Stephens Spring Investment Conference, the leadership of KAR Auction Services spoke on the expected influx of off-lease vehicles and how this trend will impact the company's businesses, as well as where these off-lease vehicles will end up in the remarketing process. The Wall Street Webcasting website provided a webcast of their presentation […] [Read More]

In a trend that was found to be rather consistent across different generations, used-car shoppers visiting CarMax stores have been particularly drawn to the Nissan Altima. According to the inaugural CarMax Used Car Shopping Report, the Altima is test-driven more often than any other vehicle at the company’s stores and is also the top-selling vehicle. […] [Read More]

AutoCanada announced today it has chosen a new chief financial officer. Christopher Burrows has been picked  for the position. Effective Sept. 1, Burrows will assume the role of vice president and CFO. As part of the transition, Jeff Christie, VP of finance, will continue in his current role; and effective Sept. 1, he will be […] [Read More]

National Auto Care Corp., a leading administrator of vehicle service contract and ancillary products and programs including CarMark Certified, announced the appointment of a new regional account development manager who has more than a dozen years of F&I industry experience. Joining NAC in this role is Chasity D’Angelo, who will be responsible for supporting several […] [Read More]

The lone Republican member of the U.S. Commission on Civil Rights wants answers as to whether there is discrimination going on within the Consumer Financial Protection Bureau. Earlier this week, commissioner Peter Kirsanow sent a written request to the CFPB’s general counsel, seeking documents associated with nine different areas of personnel operations. According to the […] [Read More]

Nearly 150 motorcycles and 40 vintage vehicles took to the road on June 1 for ADESA Boston’s 14th annual Classic Car and Motorcycle Run. Proceeds from the event benefit the Juvenile Diabetes Research Foundation. The run included a 30-mile, police-escorted ride through several Massachusetts towns. So far, the auction has collected $39,790 from this year’s […] [Read More]

Tracking dealer metrics, and using the data to attract the right customers to the right cars in your inventory, is the subject of a free webinar coming next week. In the next Carfax ‘PowerUp’ webinar series, set for Tuesday, dealers can learn about new tools available for creating a more targeted retail strategy that helps […] [Read More]