ATLANTA and IRVINE, Calif. — A former leader of Volvo's certified pre-owned program now has a remarketing post with Hyundai Capital America. Sister publication Auto Remarketing learned this week that Johnny Lee is now the manager of remarketing planning with the Irvine, Calif.-based company. Lee was with Volvo Finance from 1997 to 2002, then Volvo […] [Read More]

SACRAMENTO, Calif. — Jan. 1 might be more important to California buy-here, pay-here dealers than it just being the first day of 2013. It also could be the day three bills now sitting on Gov. Jerry Brown's desk become laws that significantly change the industry in the Golden State. As the state legislature winds down […] [Read More]

FORT LAUDERDALE, Fla. — Non-prime lender Southern Auto Finance Co., expanded its market footprint into four more states this week. SAFCo now partners with nearly 3,000 dealerships in 14 states, now including Kansas, Missouri, North Carolina and Pennsylvania. Back in March, the company broadened its reach by adding Illinois, Indiana, Michigan and Ohio Known as […] [Read More]

PENSACOLA, Fla., and WASHINGTON, D.C. — Following the destruction brought by Hurricane Isaac in the Southeast, Pen Air Federal Credit Union is collecting monetary donations for the relief efforts of the American Red Cross, which is deploying significant resources to the region. Officials indicated funds will be collected at all Pen Air FCU locations during […] [Read More]

The used-car days-to-turn rate in Canada climbed for the second straight month, according to the latest data provided by J.D. Power and Associates’ Canadian Automotive Practice. Following four consecutive months of declines, the rate settled at approximately 54 days to turn in May, before creeping up each of the last two months and reaching close […] [Read More]

North Toronto Auction and Ontario-based Apex Inspection Solutions have announced a strategic partnership where Apex will be the auction’s third-party inspection provider. As such, the company will provide NTA clients with enhanced vehicle inspection services. The partnership can lead to growth opportunities for NTA and Apex, officials said, "while informing and empowering the customer experience […] [Read More]

Manheim revealed earlier this week it has named a new general sales manager for operations in Canada. Tapped for the role is Ryan Stubbs, who in his new position will lead Manheim Canada’s field sales teams and strategies, partner with location staff to enhance customer service and develop stronger relationships with local dealers, officials noted. […] [Read More]

Overall, it looks like prices in the lanes will remain relatively flat over the course of this week, but interestingly, one pickup segment is set to see the biggest increase even as gas prices continue to rise. According to NADA Used Car Guide, the large pickup segment is positioned to see the biggest increases over […] [Read More]

Used-vehicle sales appear to be headed toward the 4-million-unit range this month, which would beat the figures from last August by more than 4 percent, according to TrueCar.com. Specifically, TrueCar is calling for 3.99 million used sales this month, which would be a 4.7-percent increase from a year ago. “It’s mostly an inventory-driven increase,” Jesse […] [Read More]

The benefits of buying a certified pre-owned vehicle might be numerous, but findings from AutoTrader.com have boiled down the reasons why, exactly, consumers consider CPO. Shoppers most often say it’s because of the peace of mind they get from the certification, the fact that it has a stronger warranty, or that they cannot afford to […] [Read More]