Continuing the series of honors that will be handed out during Used Car Week, Auto Remarketing announced the winner of the Re3 Executive of the Year Award. The honor is going to Karen Nelson, who is senior vice president and call center director for Crescent Bank, a Louisiana-based subprime auto finance company. As a result […] [Read More]

While the first cohort will be completing the training at the same location as next month’s Used Car Week, the National Automotive Finance Association is now beginning enrollment for its next group of professionals who are looking to complete the Consumer Credit Compliance Certification Program. NAF Association officials announced the first module of the program […] [Read More]

EFG Companies claimed earlier this week that it is the only F&I product provider to be certified as a Center of Excellence by BenchmarkPortal. The Center of Excellence recognition is one of the most prestigious awards in the customer service and support industry. Officials highlighted BenchmarkPortal only awards the Center of Excellence designation to customer […] [Read More]

The auto loan default rate reading that’s part of the S&P/Experian Consumer Credit Default Indices climbed in September, marking the fourth time in the past five months it has ticked up slightly on a sequential basis. But analysts also pointed out that September’s reading is just 9 basis points higher than the all-time low registered […] [Read More]

It was announced this afternoon that Mitch Golub, president of Cars.com, is retiring from the company after nearly two decades with the vehicle-listing website. Dan Jauernig, chief executive officer of Cars.com, will also assume the role of president. Jauernig is a veteran of Classified Ventures, LLC., the former ownership company of Cars.com. This past August, Auto […] [Read More]

Michigan Republican governor Rick Snyder signed legislation Tuesday officially banning Tesla Motors and any other carmaker from selling directly to car-buyers in the state, but this past weekend,Tesla chief executive officer Elon Musk hinted his position on direct sales is not set in stone. Last Saturday, Musk sat down with John McElroy, the host of […] [Read More]

When asked how Hyundai of New Port Richey has managed to lead the pack for certified pre-owned sales, store owner Scott Fink boils it down to two key factors. First, he said, the dealership’s strong new-car sales enables it to take in more trades. And Fink said the store targets late-model Hyundai vehicles. “We’re forever […] [Read More]

The National Independent Automobile Dealers Association announced this week that it now approves 700Credit as a NIADA National Benefit Partner and credit data provider to its dealers. “We couldn’t be more proud to be selected by NIADA as a National Member Benefit partner,” Kenneth Hill, the managing director at 700Credit, said. “NIADA is leading its independent dealer […] [Read More]

The National Highway Traffic Safety Administration broadened its advisory to have vehicles with defective Takata airbags repaired as quickly as possible; a move cheered by a pair of Kelley Blue Book analysts. NHTSA first urged owners of more than 4.7 million vehicles to take action and then expanded it to more than 7.8 million units from […] [Read More]

Continuing its stream of acquisitions for the year, AutoCanada Inc. announced this week it has purchased Toronto Dodge Chrysler Ltd, which owns and operates a Chrysler Dodge Jeep Ram dealership located in Toronto. The dealer group received approval from Chrysler Canada to purchase the operating assets of Toronto Dodge, and the acquisition was expected to […] [Read More]