Credit Acceptance chief executive officer Kenneth Booth highlighted the path the subprime auto finance company has enjoyed to getting to its largest outstanding portfolio in its 52-year history. Booth reiterated to shareholders in a letter posted on Wednesday that Credit Acceptance closed 2023 with its portfolio sitting at $7.0 billion. “With a year-over-year increase in […] [Read More]

Everyone is talking about artificial intelligence these days – which, to the fun-loving minds at HGreg, made it ripe for an April Fool’s gag. The dealership group’s latest in a long line of April 1 initiatives offered the chance to use an AI-driven service to design a car online, which would then built and delivered […] [Read More]

Since launching the Women & Automotive: Canadian Leadership Forum in 2016, Cherokee Media Group has honored and recognized a group of Canada’s auto industry leaders each year through its Women & Automotive: Profiles in Leadership program. And we’re excited to announce our 2024 honorees, who will be recognized in the upcoming edition of the Auto […] [Read More]

Manheim Pennsylvania held its annual Xtreme Spring Sale event March 19-22, raising $86,000 for Aaron’s Acres, a local nonprofit that provides recreational opportunities for young people with disabilities. The auction said the sale has been its largest sales event for 15 consecutive years. The 2024 event hosted 7,000 dealers onsite and via Simulcast, who bid […] [Read More]

Exeter Finance honored five auto auctions as winners of its 2023 Auction eXcellence Awards during last week’s CAR Conference in Phoenix. America’s Auto Auction Dallas earned the award for Division I, with Big Valley Auto Auction in Donna, Texas, claiming the Division II honor and America’s Auto Auction Kansas City winning Division III. Tallahassee Auto […] [Read More]

To recognize the dealers leading the certified pre-owned car business, Auto Remarketing presents our annual special issue honoring “The Best CPO Dealers in the USA,” which is presented by Cars Commerce. We reached out to a multitude of automakers and requested their respective top 10 certified dealer lists based on full-year 2023 sales. We hope these rankings and data […] [Read More]

In this episode of the Auto Remarketing Podcast, Signal Technologies chairman and CEO Steve Jillings and chief commercial officer Tyler Hall sit down with Cherokee Media Group senior editor Joe Overby at NADA Show 2024 in Las Vegas. Signal specializes in the Canada-to-U.S. used-vehicle market, so the conversation delves into important reminders for dealers importing […] [Read More]

Cars.com wants you to know what your car is worth. The car-shopping marketplace has launched Your Garage, a tool designed to give car owners the ability to track the value of their vehicle over time. Your Garage integrates vehicle valuations and real-time market-driven data, Cars.com said, giving consumers greater visibility and liquidity so they can […] [Read More]

Manheim Central Florida in Orlando, Fla., has been named 2023 Auction of the Year by Westlake Financial Remarketing. Westlake Financial director of remarketing Michael Jari said Manheim Central Florida’s “remarkable efforts and operational efficiency have allowed them to clear cars quickly while remaining Westlake’s second largest auction by total volume.” Auctions are ranked based on […] [Read More]

Global automotive services company Holman announced it has brought former bank executive Aarthi Murali on board as executive vice president for service excellence. The company said Murali will be responsible for leading its commercial client relations strategy and customer service efforts throughout North America, as well as overseeing its account management and client relations teams. […] [Read More]