Eleanor Gulla, managing partner of Larchmont Chrysler Dodge Jeep RAM in suburban Larchmont, N.Y., has been appointed chairwoman of the Greater New York Automobile Dealers Association, the association announced. Gulla has been a member of the GNYADA board since 2018, serving as vice chairwoman and chair of the employee relations plan committee, as well as […] [Read More]

Carfax comes to you with a warning — and a celebration. In the wake of the severe floods this spring and summer in Texas, Kentucky and West Virginia, and with hurricane season closing in on its peak, the provider of vehicle history reports issued a caution to dealers about flood-damaged vehicles. Meanwhile, the company’s Car […] [Read More]

A decade ago, the Consumer Financial Protection Bureau established the Automobile Financing Larger Participant Rule, which created regulatory oversight over providers that originated 10,000 contracts or more annually. That threshold might be changing since the regulator now operates with half the budget it had previously. On Thursday, a notice from the CFPB surfaced in the […] [Read More]

Open Lending Corp. will have a new chief financial officer in place on Aug. 18. The provider of automotive lending and risk analytics solutions for financial institutions recently appointed Massimo Monaco as its incoming CFO, an executive who will bring more than two decades of executive finance leadership experience in the residential mortgage lending and […] [Read More]

One of the longest-tenured finance companies in the subprime space has paused originations but said, “This is not a closure of business.” Automotive Credit Corp. (ACC) said late Thursday afternoon it will continue to fund all complete contract packages that have been approved and physically received as of that day, provided they pass the lender’s […] [Read More]

A month after showing the first year-over-year decline in auction sales volumes since December 2022, the wholesale vehicle market showed some strength in July, albeit with some sales disparity among segments and vehicle age groups. Through seven months of 2025, year-to-date wholesale sales at auction are up a little more than 6% year-over-year (selling-day adjusted), according to the latest AuctionNet data from the National Auto Auction Association. In July, auction sales climbed ... [Read More]

Conversion rates at auction remain strong and values are still beating year-ago figures, but wholesale prices slowed month-over-month in July, as the market began to see a bit more volatility. Those are but a few of the wholesale used-vehicle market happenings noticed by analysts at Black Book and Cox Automotive, which released their respective monthly used-car price indices this week. Starting with Black Book, its Used Retention Index came in at ... [Read More]

Among the unique offerings of the Used Car Week agenda this year is the Live Stage, presented by SYCN Auto Logistics. Located in a high-traffic corridor of the conference’s floor, the Live Stage is designed to provide a fresh way to learn, offering quick but meaningful conversations with top industry experts. Hosted by Cherokee Media […] [Read More]

Canada’s electric vehicle future has been a much discussed and debated topic in 2025, with governments pausing and rethinking their policies and consumer demand wavering while the auto industry and the economy as a whole struggle with the impact of a trade war with the U.S. Such an unpredictable environment makes projecting what’s ahead a […] [Read More]

No matter if they’re filed by individuals or businesses, bankruptcies continue to rise, with July figures illustrating another increase by double digits. According to data provided by Epiq AACER July’s 49,614 total bankruptcy filings represented a 12% increase from 44,452 total filings in July of last year. Similar increases happened in March as well as […] [Read More]