Byrider recently inducted two more operators into its Hall of Fame, which recognizes contributions to the growth and culture of the buy-here, pay-here dealership chain. Bringing the Byrider Hall of Fame to 18 members, the newest inductees are Winston Sleeth and Steve Petersen. “Winston and Steve have been so important to the growth of Byrider […] [Read More]

Just like fuel prices and the costs of many other goods and services, the volume of bankruptcy filings jumped significantly to finish the first quarter. According to data provided by Epiq Bankruptcy, filings in March increased … [Read More]

Canadian Black Book has debuted a new awards program. In addition to its existing “Best Retained Value Awards” for automakers, CBB is launching the “Best Residual Value Awards.” The latter spotlights vehicles expected to hold the greatest value of MSRP 48 months after original purchase date, honoring models in 21 categories of cars, trucks, SUVs […] [Read More]

Both the Consumer Financial Protection Bureau and TransUnion used strong language in statements last week, as the regulator filed a lawsuit against the credit bureau, two of its subsidiaries, and an executive that the company said is no longer with the firm. Because the bureau said the lawsuit stems from a 2017 law enforcement order […] [Read More]

TradeRev has a new president, parent company KAR Global said Tuesday. Taking on the role is co-founder James Tani, who will also remain in his position as executive vice president of KAR’s Canadian dealer sales team. Tani succeeds TradeRev co-founder Mark Endras, who has moved to the role of KAR’s senior vice president of product. […] [Read More]

We begin this auction news roundup with an update on what has been one of the biggest stories in the space in years. Carvana said in a news release Thursday that it anticipates its deal to acquire KAR Global’s U.S. ADESA physical auction business will close next month. The online retailer said that to “facilitate this […] [Read More]

When consumers think used cars, many think of CarMax, the nation’s largest publicly traded used-car retailer. And there’s a good reason for that. The company’s reputation as a large-volume used-vehicle retailer shone strong during the company’s fiscal year 2022. CarMax recently released its fourth quarter and full 2022 fiscal year results, and the company’s share of the […] [Read More]

NuVinAir's newest executive brings a diverse automotive background to her position, having experience with an automaker, a software company and a retailer. The company that offers a suite of patented and proprietary products that are designed to create healthy vehicle interiors safely has named Misa Tanaka as its new regional support director for the West […] [Read More]

Both in formal presentations and networking chatter during last week’s Auto Intel Summit, attendees mentioned the collaborative move by General Motors and Honda when the topic turned to electric vehicles. The automakers recently announced plans to expand the two companies’ relationship to a new chapter by codeveloping a series of affordable EVs based on a […] [Read More]

Along with naming a new general counsel to fill a void created by retirement, Exeter Finance recently launched its new, comprehensive dealer portal. The finance company that specializes in non-prime and subprime paper highlighted that its portal now available nationwide and can provide dealers with “better, faster service as they help their non-prime and near-prime […] [Read More]