While bankruptcy filings continue to be lower year-over-year, leadership of the American Bankruptcy Institute is maintaining that cases are likely to spike as both businesses and consumers continue to navigate pandemic-created financial challenges. According to data provided by Epiq Systems, total U.S. bankruptcy filings in October decreased 41% year-over-year. The 40,209 total filings in October dropped […] [Read More]

Buick ranked as the top mainstream brand and Jaguar won in the premium brand category as future vehicle value forecaster ALG named the winners of the 2021 Pre-Owned Value Awards, or POVAs. ALG, which is the analytics subsidiary of TrueCar Inc., awarded its 2021 POVAs to vehicles with the lowest forecast depreciation from two to […] [Read More]

Not only were certified pre-owned vehicle sales up 1% year-over-year in October, they snapped a three-month streak of month-over-month declines. That’s according to a Cox Automotive analysis of Motor Intelligence data, which indicated there were 233,514 CPO sales in October. That beats September figures by 4%. And the CPO market has now shown year-over-year gains […] [Read More]

When Larry H. Miller Dealerships learned that students attending schools within the Avondale Elementary School District needed school supplies, the company was eager to help. “Finding a need in the community and gathering together to fulfill the need is embedded in our company culture, but it’s also a part of who we are individually," Larry […] [Read More]

Should federal regulators give the same approvals both company boards already have, PNC Bank is set to become the fifth-largest bank in the U.S. based on assets and deposits. On Monday morning, PNC Financial Services Group and the Spanish financial group, Banco Bilbao Vizcaya Argentaria (BBVA) announced that they have signed a definitive agreement for […] [Read More]

S&P Global Ratings spotted yet another difference between the prime and subprime auto finance segments. In September, analysts discovered new extension rates between U.S. prime and subprime auto loan asset-backed securities (ABS) diverged. For public shelves with 17 issuers, S&P Global Ratings reported the prime segment posted its fifth consecutive month of declines in extensions, […] [Read More]

Last week, APCO Holdings announced that Crystal Meinert has been promoted to vice president of human resources for the provider and administrator of F&I products and home to the EasyCare, GWC Warranty and MemberCare brands In her new role as a member of the APCO Holdings executive leadership team, the company said Meinert will lead […] [Read More]

After starting the pilot with two locations last week, Manheim will resume running cars down the lanes at 12 more auctions starting this week. Added to the pilot program are Manheim Ohio, Manheim Dallas, Manheim Fort Myers, Manheim Lakeland, Manheim Pittsburgh, Manheim San Antonio, Manheim Albany, Manheim Cincinnati, Manheim Dallas-Fort Worth, Manheim Omaha, Manheim Texas […] [Read More]

The DrivenToDrive program helps injured veterans, like retired Air Force Senior Airman Karah Behrend, regain their independence and get back behind the wheel of a retrofitted vehicle. “No one can see my disability when I’m behind the wheel of a car,” Behrend said in a news release. TrueCar, AutoNation, and Disabled American Veterans, or DAV, […] [Read More]

Customer reviews are a top factor that people consider when selecting a business, according to digital marketing company Dealer.com. “But dealerships often lack an efficient, easy way to solicit reviews while the experience is still top of mind,” the company said in a news release. Dealer.com is launching a new Review Generation service that the […] [Read More]