Bankruptcy metrics came in mixed for September as the coronavirus pandemic continues to influence how cases move through the system. But the head of the American Bankruptcy Institute offered three elements that could create “a dramatic climb in filings in early 2021.” According to data provided by Epiq Systems, ABI indicated commercial Chapter 11 filings […] [Read More]

OpenRoad Auto Group said last week it has opened what the group says is the largest new Hyundai dealership in Western Canada. OpenRoad Hyundai Richmond is a 33,000-square-foot dealership located at the Richmond Auto Mall and it replaces the group’s former Hyundai store. The dealership includes an 11-vehicle showroom with modern design, floor-to-ceiling glass, digital […] [Read More]

Zanchin Automotive Group has added Mercedes-Benz Newmarket, which will be led by former Mercedes-Benz Canada president Brian Fulton. Fulton, who held that Mercedes-Benz Canada CEO role from 2016 until July, will be Mercedes-Benz Newmarket’s managing partner. “Bringing all of the many aspects of automobile retailing together — a high-integrity sales approach, intelligent marketing, superb service and […] [Read More]

In a key complement to our Women in Remarketing and Women in Auto Finance franchises, Auto Remarketing is proud to celebrate our second annual Women in Retail awards, a program sponsored by CarGurus. With these awards, we specifically recognize leaders on the retail side of the auto industry, including honorees from dealerships, dealer groups and third-party providers/vendors. The honorees for 2020, listed […] [Read More]

Holman Enterprises, which is a global automotive services organization, has named Chris Conroy president and chief operating officer, while also announcing several additional leadership changes that it said will support its “continued evolution” and further align its automotive core competencies. Holman said Brian Bates will continue to lead the organization’s retail division, Holman Automotive. The company said […] [Read More]

Vince Sheehy says that during the current COVID-19 pandemic, staying well through heart-healthy diets and exercise is more important than ever. “Our partnership with the American Heart Association enables them to continue their great work and community support,” said Sheehy, who is president of Sheehy Auto Stores, in a news release. Regarding that partnership, Sheehy […] [Read More]

While Equifax gave a snapshot of the new leases booked during one week in September, Swapalease.com reported how many lease-transfer approval came during the entire month. Turns out, Swapalease found that September posted one of the highest approval rates of the years as site officials pegged it at 67.6%, a slight increase from the August […] [Read More]

Instant wholesale vehicle trading platform CarOffer has named automotive logistics and services company ACERTUS as its exclusive transportation provider, stating that ACERTUS will support CarOffer’s mission to help dealers trade, source, purchase and move used inventory faster. ACERTUS executive vice president of global operations Jeremy Cope said in a news release that his company appreciates […] [Read More]

Equifax recently offered a week-long snapshot of auto financing originated during the middle of September, revealing the amount of subprime financing providers are booking. According to Equifax estimates during the week of Sept. 13, the industry generated 14,100 retail installment contracts and leases, totaling $401.8 million. Of that amount, analysts determined 1,400 contracts and leases […] [Read More]

APCO Holdings recently made it to a prestigious list of successful companies for the fifth time. The administrator of automotive F&I products and home to the EasyCare, GWC Warranty and MemberCare brands was named one of the 2020 Best and Brightest Companies to Work for in the Nation for the fifth time. Determined by an […] [Read More]