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]

Price softening in the lanes has become a weekly trend as we head into summer. For the third week in a row, NADA Used Car Guide is predicting prices will drop by 0.3 percent (or $50). Midsize vans are expected to see the only increase in price this week, rising by 0.3 percent ($50). The […] [Read More]

The authenticity of prepared remarks made by General Motors chief executive officer Mary Barra — voiced Thursday when the automaker released its internal investigation into the botched ignition switch recall — varies depending on the perspective of the analyst, consultant or lawmaker. But one public relations consultant told Auto Remarketing that Barra missed the chance […] [Read More]

Continuing an overall trend described by American Bankruptcy Institute leadership as a “nose dive,” total bankruptcy filings in May in the United States decreased 11 percent year-over-year. According to data provided by Epiq Systems, bankruptcy filings totaled 85,664 in May, down from a total of 96,495 filings recorded in May of last year. Consumer filings […] [Read More]

AutoCanada announced Thursday it will be buying up more dealerships than expected over the next year — and the company will be expanding under the same leadership. The dealership group provided an update on acquisition guidance as well as announcing Pat Priestner, chairman and chief executive officer, will be staying on with the company until […] [Read More]

Last month, the seasonally adjusted annualized rate for used-vehicle sales was the strongest it has been all year, according to Edmunds.com senior analyst Jessica Caldwell, who pinpointed May’s used SAAR at 36.3 million. Calling it a “strong month for used sales,” Caldwell told Auto Remarketing that an ideal financing environment for franchised dealers was among […] [Read More]