The National Auto Auction Association revealed the dates it will conduct the Auction Standards Training Program throughout this year. The first of the two-day sessions will take place at ADESA Toronto on Jan. 30 and Jan. 31. Other times and locations include: —March 26 and 27 at Manheim Orlando: Damage Analysis Overview & Structural Damage […] [Read More]

Holman Automotive and fleet services provider ARI raised almost 30,000 this fall through a variety of charitable efforts. Officials explained the two partnered to raise $29,000 through October, November and December of last year. These initiatives included a variety of charity walks, participation in the global “Movember” movement and donations to the Food Bank of […] [Read More]

Toyota sold more than 370,000 certified pre-owned vehicles in 2013. One sale in particular, however, was fairly momentous for the automaker — and for the lucky customer. In December, Jose Ortiz of Ypsilanti, Mich., bought a certified 2010 Toyota Matrix from Dunning Toyota in nearby Ann Arbor.   This marked the 4 millionth CPO vehicle […] [Read More]

In a collaborative effort spanning the wholesale business, Auto Auction Services Corp. announced that it will be providing AASC members a new industry standard for vehicle condition data reporting — developed in partnership with Manheim — that is designed to foster consistency throughout the auction industry. Thanks to a deal with the National Auto Auction […] [Read More]

According to at least one respected industry observer — Manheim's Tom Webb — the major cause of an auto loan delinquency remains a job loss. And Fitch Ratings' latest analysis of the labor market showed a rebound in a nationwide employment is not proceeding quickly enough to drive a significant pick-up in U.S. economic growth. […] [Read More]

One of the founders of Exeter Finance Corp. resigned his position late Monday as chief credit officer to pursue a new business venture, according to a company announcement. Exeter said Daniel Parry will serve in a consulting role to ensure a smooth transition during the next few months as Karyn Lentz takes over as chief […] [Read More]

As TransUnion projected that new-vehicle leasing volume should continue to strengthen, Swapalease.com reported that lease credit approvals improved slightly as 2013 closed. The site determined December’s approval level came in at 73.3 percent, compared with the November reading of 70 percent. Officials noted the overall approvals rate on the year finished at 72.7 percent, compared […] [Read More]

For vehicles up to 8 years in age, there was a 1-percent year-over-year decline in the number of AuctionNet wholesale transactions last year, according to NADA Used Car Guide. Here’s the thing, though: this overall change in volume doesn’t necessarily paint an all-encompassing picture of the entire market. The year-over-year movements in AuctionNet auction volume […] [Read More]

Volvo Cars of North America has a new president and chief executive officer. In a move that was effective immediately, Volvo Car Group announced Monday that its new North American chief is Tony Nicolosi, who was most recently president and CEO of Volvo Car Financial Services. Nicolosi will keep his position as president and CEO […] [Read More]

Dealers interested in taking part in the 2014 NADA Dealership Workforce Study — which offers analysis and data to help them attract and retain quality employees — will have their chance later this month. Participation in the study opens to dealer members of the National Automobile Dealers Association and American Truck Dealers at the NADA […] [Read More]