Ron Smith, chief executive officer of S&A Cherokee and Publisher Emeritus of Auto Remarketing, earned the National Auto Auction Association 2014 Marie Hingst Exhibitor of the Year Award during the 66th Annual NAAA Convention & Exposition in Boston this week. Smith has long been a highly visible fixture in the remarketing industry as publisher of […] [Read More]

Both Chrysler Group and General Motors announced more recalls this week, adding to the unprecedented list of reported issues this year. Chrysler Group is recalling an estimated 230,760 sport utility vehicles around the world —15,898 of which are in Canada — to install a new part to prevent a fuel pump issue that the company […] [Read More]

It was announced today that ShipCarsNow — a subsidiary of Union Pacific Railroad — is the recipient of the 2014 SmartWay Excellence Award from the U.S. Environmental Protection Agency (EPA). The shipper and logistics excellence award winners were recognized at the Council of Supply Chain Management Professionals Annual Global Conference on Tuesday in San Antonio. This annual […] [Read More]

Mazda De Laval was focusing on certifying vehicles in-house long before the Mazda Canada certified pre-owned program hit the market. Now, store president Richard Labelle says, the dealership capitalizes on the fledgling certified program — launched in 2012 — by promoting their “like-new” used cars, which don’t take long to hit the lots after Mazda […] [Read More]

The Consumer Financial Protection Bureau is insistent that finance companies have documentation verifying the federal compliance of their service providers. For managers that use Allied Finance Adjusters member repossession agencies to find and recover vehicles, a new partnership with Vendor Transparency Solutions is aimed at enhancing what a finance company can show federal regulators. For […] [Read More]

The American International Automobile Dealers Association is asking for nominations for the David. F. Mungenast Sr. Lifetime Achievement Award, an honor that’s presented at AIADA's Annual Meeting and Luncheon to honor the legacy of Dave Mungenast and recognize some of the industry’s outstanding leaders. AIADA president Cody Lusk acknowledged that some dealers may remember Mungenast […] [Read More]

A new Web application is available for dealers finding they've missed sales opportunities by passing over potential customers while they’re on the lot due to too much foot traffic or visiting after hours. Cell My Ride, a lead generating tool, can be incorporated as a window decal on vehicles that customers can either scan with […] [Read More]

CarMax reported a record second quarter this week, reflecting an increase of 6 percent in total used-vehicle sales. An interesting statistic helping to drive those sales, according to the company’s executive vice president and chief financial officer Tom Reedy, continues to be the financing options available to CarMax customers through its variety of lenders. “They’re […] [Read More]

Rick Hackett, former assistant director at the Consumer Financial Protection Bureau and current partner at Hudson Cook, told the crowd of more than 600 attendees at AutoStar Solutions’ seventh annual Innovate conference the four areas of auto lending he believes the CFPB will focus on next year. As an established expert in auto compliance, Hackett […] [Read More]

The National Automotive Finance Association in cooperation with Hudson Cook is gathering together four of the most knowledgeable experts in auto finance industry compliance for a free webinar. The session titled, “Auto Finance: Federal Supervision and Enforcement,” is set for noon EST on Oct. 14. The webinar is scheduled to include the following Hudson Cook […] [Read More]