Carvana, the 100-percent online auto retailer that launched nine months ago in the Atlanta market, is going national. The company — which offers a platform for shoppers to browse vehicles, find financing and coordinate delivery all online — announced an expanded service area on Thursday, which it said was made possible by new delivery and […] [Read More]

Along with announcing the lineup of model year 2014 vehicles that will be tested as part of the agency’s 5-Star Safety Ratings Program, the National Highway Traffic Safety Administration updated advertising guidelines for vehicle manufacturers, dealers and advertising agencies. The agency explained on Thursday the updated guidelines now explicitly state that ratings are always whole […] [Read More]

PureCars announced on Thursday that the company has not only completed its acquisition of software firm Tentail, but has also appointed a Tentail founder as new chief technology officer.    Named to the CTO role is Adam Phillips, who founded Tentail with Ashley Messer, who has also joined PureCars. Both work from the company’s development […] [Read More]

LAKE SUCCESS, N.Y. — The most important takeaway Dealertrack Technologies' associate general counsel for compliance Randy Henrick gleaned from last week's Consumer Financial Protection Bureau Auto Finance Forum didn't even come from the bureau. It was a point reinforced by an official from the Department of Justice. What prompted Henrick to describe last week's event […] [Read More]

DETROIT — With its latest move announced this week, Ally Financial said it has now repaid more than 70 percent of the investment the U.S. Treasury made in the company. Ally completed a private placement of 216,667 shares of Ally common stock for an aggregate price of roughly $1.3 billion, and said it also completed […] [Read More]

MINNEAPOLIS — ACA International, the Association of Credit and Collection Professionals, recapped why two U.S. District Courts examined messages left for consumers and third parties and found the messages were not communications under the Fair Debt Collection Practices Act. "The issue of leaving messages for consumers continues to receive scrutiny in the courts," ACA officials […] [Read More]

PHOENIX — On the same day it reported and discussed third-quarter earnings, DriveTime explained on its quarterly conference call why its partnership with Manheim to launch a new separate and independent wholesale auction company makes sense. Go Auto Exchange, a new joint venture announced this week, will focus on independent dealers and the low-end vehicle […] [Read More]

Patty Stanley — the new ServNet president and co-owner of Carolina Auto Auction and Indiana Auto Auction — recently outlined her plans for the two-year term of her presidency. Top-of-mind for Stanley will be efforts to continue the development of the technological initiatives that were launched during the term of her predecessor, R. Charles Nichols, […] [Read More]

Although prices are still up over 3 percent from 2012 levels, this past month auction prices experienced one of the only drops seen this year. Used-car prices in Canada fell slightly in October, going down 1.8 percent when compared to September, according to the lasted RVI Market Update for Canada. But despite the fairly significant […] [Read More]

Manheim Canada announced this week it has chosen a new director of commercial accounts. Joining the company’s leadership team is Steve Coulman, effective this coming Monday. Commenting on the hire, Russ Stegall, executive director of Manheim customer management, said,  “We’re very pleased to have Steve on board. “He brings a valuable customer perspective to the […] [Read More]