On Monday, NextGear Capital released what the company described as new mobile and online account management applications for customers designed to radically simplify management of their inventory finance accounts. NextGear Capital highlighted that the applications include new features and a dynamic new dashboard that is designed to be easy to navigate and provide rapid access […] [Read More]

In a move the company said will nearly double its capacity and make it the second-largest car hauler in North America, United Road Services — in partnership with its owner (Charlesbank Capital Partners) and investors — announced that it has acquired the auto transport division of Waggoners Trucking. The expanded United Road will now have […] [Read More]

In light of the evolution of the hybrid once being a car “dreamed up for future” to now having been a widely available car for many years, iSeeCars.com took a close look at the segment’s best-seller: the Toyota Prius. The site boiled down the 10 U.S. cities where the used Prius can be bought for […] [Read More]

This week, Primeritus Financial Services bolstered its management team by adding two industry leaders who previously held leadership roles at OPENLANE and ADESA. Joining Primeritus as vice president of sales and services is Ben Murdock, who most recently served as executive director of sales and services at OPENLANE and held several senior positions during his […] [Read More]

Fleet services provider ARI announced two new executive appointments this week. Rick Tousaw has been promoted to senior vice president and general manager of ARI Canada. And Craig Balfour has been promoted to vice president of sales for ARI Canada. Commenting on the new appointments, executive vice president of global operations Chris Conroy said, “We’re […] [Read More]

Based on projections for used-car supply provided to Auto Remarketing by NADA Used Car Guide, there will likely be an 18-percent rise next year in the number of off-lease units within the pool of used vehicles up to 8 years in age. In its used supply forecast, broken up by registration type, NADA is predicting […] [Read More]

Repo Remarketing selected Vendor Transparency Solutions this week as an online portal compliance monitoring platform. With the importance on detailed compliance, officials highlighted that VTS offers a platform to serve present and future needs of the industry and aligns Repo Remarketing for the protection and benefit of its many partners. “Legal, compliance and the Consumer […] [Read More]

As 2013 comes to a close, it is customary for businesses of all kinds to take a look back at the past year, assess their performances and prepare for the next 12 months — and it’s no different in the transportation industry. This year, the focus has been on the transition to ePOD, or electronic […] [Read More]

The trend of consumers keeping their vehicles longer that began during the last recession is only expected to accelerate in the next five years, according to CNW Research president Art Spinella, who pinpointed the lease market as a vital tool for automakers and dealers in keeping customers coming back to the dealership. This is particularly […] [Read More]

Late Thursday evening, ALG honored the brands that ranked the highest for perception of value in Canada with Mercedes-Benz topping the list. But the annual awards have a different face this year. ALG has upgraded and re-launched the metric for automakers to compare the perceived quality of its brand and the effect on residual values. […] [Read More]