American Auto Auction Group recently announced a company-wide initiative to hire veterans returning from the Iraq war. Steve Simon, AAAG chief executive officer, revealed the company will reach out to vets in each of its auctions’ markets by setting a goal to hire a minimum of two vets at each auction facility. In announcing the […] [Read More]

LAKE SUCCESS, N.Y. — With the Consumer Financial Protection Bureau gaining a head and picking up steam, the changing landscape of compliance regulations will potentially become even harder to navigate. Through an upcoming Webinar, DealerTrack aims to discuss these changes in an effort to make sure dealers understand the variances, potentially avoiding future financial and […] [Read More]

WASHINGTON, D.C. — As dealers and lenders brace for more regulation, the Consumer Financial Protection Bureau earlier this week unveiled an expansion of its bank supervision program that began last July. Officials indicated the expansion now includes nonbanks, ensuring that banks and nonbanks "play by the same rules." The CFPB defined a nonbank as a […] [Read More]

BROOKSVILLE, Fla. — Tracers Information Specialists, a service provider helping skip-tracers, repo agencies and other debt collectors track down consumers and collateral, recently revealed it has expanded its vehicle database. This database available through its website now contains vehicle and debtor information from 23 states. "Tracers offers a comprehensive suite of data tools that help […] [Read More]

MASON, Ohio — Security National Automotive Acceptance Co. recently revealed its Top 10 purchased vehicles for 2011. SNAAC discovered that domestic models dominated the list as eight of the 10 vehicles came from a Big 3 manufacturer. SNAAC's top 10 purchased vehicles for 2011 are: 1.  Chevrolet Impala 2.  Dodge Charger 3.  Nissan Altima 4. […] [Read More]

AutoTempest.com, a British Columbia-based vehicle shopping site, recently announced a couple of enhancements to its used-car classifieds search engine that it believes will allow Canadian used-car shoppers to more easily connect with sellers. AutoTempest upgraded its used classifieds search engine parameters to accept Canadian postal codes across the board, even when pulling up results from […] [Read More]

Manheim Canada recently announced that Michel Perras has a new role at Manheim Montreal. The company revealed that Perras, who had been the auction’s assistant general manager, is now general manger for the facility. This move became official Jan. 1. “Perras has done a fantastic job leading the team at Manheim Montreal for the last […] [Read More]

Based on how the early speaker commitments to the event are shaking out, it appears attendees at this spring’s Auto Remarketing Canada conference will have a wide array of industry perspectives to learn from, as well as a bevy of skills to take back to their respective businesses. The speakers already on board for the […] [Read More]

The Federal Reserve’s first Beige Book of 2012 described an upbeat atmosphere in most the 12 districts as sales of new vehicles continued to pick up as last year closed. Among the most favorable reports, federal officials highlighted that Atlanta saw the pace of sales in November and December as “the strongest in over two years. Furthermore, […] [Read More]

Used-car managers in search of models to fill certified pre-owned inventory might have a another challenging year finding units if NADA Used Car Guide’s 2012 projections come true. NADA UCG began its latest commentary about the used-vehicle market by estimating just how much supply softened a year ago. Analysts surmised that total used supply in […] [Read More]