Every year-over-year comparison made by bankruptcy experts after reviewing filing data through the first three quarters of this year showed an increase. According to data provided by Epiq Bankruptcy, total individual filings registered through the first nine months of the year increased 17% to 313,458 filings. That’s up from the 268,884 filings completed during the […] [Read More]

Employees of AutoNation celebrated the company’s Drive Pink Across America Day on Thursday with an act of service for those battling cancer. A team of South Florida AutoNation associates gathered at Hard Rock Stadium in Miami Gardens to fill 450 Totes for Hope cancer comfort bags, and delivered them throughout the afternoon to patients undergoing […] [Read More]

The Consumer Financial Protection Bureau (CFPB) released a special edition of its Supervisory Highlights this week. A portion focused on a topic that industry experts such as Allied Solutions cautioned finance companies about navigating carefully. The report delved into ancillary product refunds, especially when a vehicle is repossessed. The CFPB said its examiners again found […] [Read More]

Artificial intelligence-powered vehicle inspection platform PAVE has been honored in the annual AutoTech Breakthrough Awards — named the overall fleet management company of the year. The awards, conducted by AutoTech Breakthrough, received 1,600 nominations this year from over 15 countries. “Anyone who can take photos with a smartphone can use the PAVE product, and our […] [Read More]

HGreg is opening its new storefront HGreg Infiniti Blainville, also to serve as a new facility for HGreg Nissan Blainville. The dealership invested $26 million to adapt the dealerships to fit the new Nissan and Infiniti brand images, the dealer group said in a press release. “The HGreg Group is a leader in the Quebec […] [Read More]

The volume of vehicles coming down the fleet or off-rental lanes at your auction of choice might be picking up in a few months. Cox Automotive posted an analysis of Bobit data that highlighted September sales into large rental, commercial and government fleets increased notably year-over-year. Analysts discovered sales to large fleets — excluding dealer […] [Read More]

CarMax’s 30th birthday party was a real bell-ringer. The nation’s largest used-car retailer celebrated its 30 years in business by ringing the closing bell Tuesday at the New York Stock Exchange. President and CEO Bill Nash and vice president of corporate social responsibility Laura Donahue — a founding CarMax associate — did the honors, accompanied […] [Read More]

TradePending, a sales enablement and consumer experience software platform for car dealerships, has acquired Fixed Ops Digital, a marketing and technology company supporting dealerships’ fixed operations departments. TradePending is backed by private equity firm Capstreet. “Auto dealerships are increasingly looking to their fixed operations departments to drive revenue, and we believe Fixed Ops Digital’s marketing […] [Read More]

Santander Consumer USA landed another working relationship to provide financing services for an automaker. On Wednesday, SCUSA said it will provide nationwide installment contract and lease options to Lotus customers and dealers through an exclusive, multi-year agreement. The development arrived soon after Santander forged a similar arrangement with INEOS Automotive. North America is a key […] [Read More]

Jeffrey Brown is moving from one of the biggest players in all of automotive to another. Ally Financial announced Wednesday that Brown will be stepping down early next year after serving as chief executive officer and a member of Ally’s board of directors since 2015. According to a news release, following his departure, Brown will […] [Read More]