ALEXANDRIA, Va. — Continuing a positive trend of fewer consumers walking away from debt, the American Bankruptcy Institute highlighted that total filings in the United States during August decreased 15 percent compared to the previous year. According to data provided by Epiq Systems, August bankruptcy filings totaled 88,902, down from the 104,471 filings registered in […] [Read More]

In what the company described as its commitment to make it easier for customers to conduct business while preparing for future growth, Manheim recapped how it has invested more than $26 million during the past year to expand and upgrade its facilities and services in North America. Manheim highlighted the investment includes the addition of […] [Read More]

Chrysler Canada is gearing up for the eighth season of its Dodge Caravan Kids Program. The program works to support children and families facing the financial struggle that can come with playing Canadians' favorite pastime — hockey. These financial burdens can include hockey registration fees, gear and more. That’s where Dodge Caravan Kids comes in […] [Read More]

Edmonton, Alberta-based Carfinco Financial Group Inc. revealed this week it is expanding into the U.S. market with a new acquisition. The company has purchased Massachusetts-based Persian Acceptance Corp. (PAC), an indirect lender in the subprime retail automotive industry, from Peter and Jennifer Miller. Key members of PAC management will remain in place under the continuing […] [Read More]

Manheim Toronto announced a new hire this week. Tapped for the position of general manager is Don Wallace. In his new role as GM, Wallace will be responsible for all business operations at Manheim’s Canadian flagship location, the company reported. Wallace has worked with Manheim Canada for two years now, leading e-business and product development […] [Read More]

If there ever was a sign that Jack Neshe is tailor-made for the auction business, it’s this. When he was working at a franchised dealership in the Boston area during the 1980s, his day off each week was Friday. With a day free from the car business, what did he do during his time off? […] [Read More]

In addition to several awards handed out by the National Auto Auction Association, Wheels, Inc. announced its 2013 NAAA Auction Awards on Wednesday. The Auction Performance Awards from Wheels are as follows: The Top Performing Auction Awards Top Performing Auction Presented to: Manheim Harrisonburg Recognition for the top performer in the Eastern Region for the […] [Read More]

One of the primary generators of certified pre-owned vehicles — leasing — rose to a level in the second quarter never seen by dealers and finance companies, and more volume could be ahead if a recent online survey is any indication. Experian Automotive reported that of all new vehicles financed in Q2, leases accounted for […] [Read More]

A Florida law firm that specializes in legal services for dealerships offered clarification following two dealers from Maryland and Ohio agreeing to settle the Federal Trade Commission’s charges that they falsely advertised the cost or available discounts for their vehicles. Regulators said that the settlements — part of what they called the FTC’s continuing crackdown […] [Read More]

Ford declared this week that the OEM is on pace to set an all-time certified pre-owned vehicle sales record this year with 228,000 Ford, Lincoln, Mercury CPO sales. Should the Blue Oval hit that level, it would represent a 32-percent growth in sales versus last year. Early reports to Auto Remarketing showed that Ford turned […] [Read More]