SAN DIEGO — LEAP Financial revealed this week it is expanding its management team to accommodate recent growth. New members of the executive team include Brian Bailey, senior vice president of strategy and originations; Gary Flowers, senior vice president of business development; Lindy Hood, chief marketing officer and Steve Mark, chief financial officer. Additionally, Kyle […] [Read More]

NEW YORK — TD Bank's president and chief executive officer believes the company made a wise choice when completing the acquisition of Chrysler Financial earlier this year. Now doing business as TD Auto Finance, Bharat Masrani told an investors conference earlier this week that activity within this division is "going well." After making a presentation […] [Read More]

Avis Budget Group confirmed Wednesday in its latest filings with the Securities and Exchange Commission that it will no longer pursue a $1.5 billion acquisition of Dollar Thrifty Automotive Group. As to the reason why, Avis officials stated, “We have made significant progress toward obtaining U.S. regulatory clearance for the acquisition of DTAG, and we […] [Read More]

General Motors was an early adopter in the certified pre-owned business when it began picking up steam in the 1990s, and these days, GM typically leads the pack in terms of overall CPO sales. But for one store, in particular, the core values of certification have been a part of the dealership’s mantra for more […] [Read More]

The National Highway Traffic Administration revealed four separate recalls for a total of more than 520,000 vehicles, campaigns that include models from Volkswagen, Subaru and Saab. The single largest recall covers specific Saab and Subaru models originally sold or currently registered in Massachusetts, Maryland, Michigan, New Hampshire, New York, Pennsylvania, Vermont, Wisconsin, Connecticut, Delaware, Iowa, […] [Read More]

Inventory management solutions company Dealer Specialties today revealed it will be interating Kelley Blue Book Values into its appraisal tool — MarketControl Analytics — aiming to help dealers maintain a “competitive edge.” Glen Garvin, group general manager of Dealer Specialities, noted, “Partnering with Kelley Blue Book is a key integration for MarketControl Analytics. [Read More]

On Wednesday, EasyCare tapped the former publisher of Motor Trend as a new vice president and executive director for Motor Trend Certified Vehicles. Picked for the position is Ira Gabriel, who will focus on the growth and continued success of Motor Trend Certified Vehicles, a program that includes units that have been thoroughly inspected and upgraded […] [Read More]

The Used Car Week Conferences — the National Remarketing Conference, the CPO Forum and the all-new Re3 Conference — today announced the launch of UsedCarWeek.biz, a one-stop portal for information about all three conferences. The Used Car Week is a weeklong series of three dynamic conferences for the used-vehicle industry, all in one location during […] [Read More]

It appears prices were surging in the certified pre-owned market during August, as AutoTrader.com reported Tuesday that 18 of the site’s 20 most popular CPO models saw their asking prices go up from a year ago. What’s more, 14 of those 18 increases were more than $1,000, the site pointed out. [Read More]

Though gas prices continue to fall and are estimated to drop even more in the next few months through year-end, Edmunds.com data released Tuesday reflects that consumers are still more likely to purchase smaller gas sippers than take on an SUV or truck. According to the company’s analysis, shoppers are still leaning towards compact or […] [Read More]