Only four of the 14 used truck segments that Black Book tracks saw their prices go up last week, and one of those categories was the compact crossover. The firm shared some interesting data points Tuesday morning to better illustrate just what has happened in this class, including why it has been so hot on […] [Read More]

Along with intending to seek an amendment to its credit agreement, KAR Auction Services announced the commencement of an underwritten offering of 13.0 million shares of its common stock by existing stockholder KAR Holdings II subject to market and other conditions. Officials explained as a part of Monday’s announcement that KAR Holdings II is controlled […] [Read More]

NextGear Capital hosted a ribbon-cutting ceremony Monday to usher in an addition to its corporate campus in Carmel, Ind. The company has expanded its campus with a new building designed to help it accommodate ongoing growth, it says. [Read More]

Do you work with an exceptional female colleague? Know any leading ladies in the industry? The deadline for Women in Remarketing nominations is approaching, and Auto Remarketing wants you to help us honor the top women leaders in the industry. The April 15-30 print edition of Auto Remarketing will contain a special section designed to […] [Read More]

Late last week, Kelley Blue Book provided Auto Remarketing a list of the 25 most-researched used vehicles on KBB.com for February. Topping the list was the Honda Civic, followed by the Honda Accord, Toyota Camry, Toyota Corolla and BMW 3 Series in spots two through five, respectively. Honda and Toyota each had three used vehicles […] [Read More]

Lending company NextGear Capital Inc. — created through the merger of Manheim Automotive Financial Services and Dealer Services Corp. — announced today its expansion of operations into Canada. In addition to enhancing service levels for dealers, the floor plan company plans on expanding its field sales and service operations throughout Canada, officials shared. The company […] [Read More]

It was a busy year in the F&I office at Sonic Automotive dealerships, as the retailer increased revenue in the finance, insurance and other category by nearly 20 percent in 2012. Sonic closed the year by pushing up F&I revenue 18.4 percent year-over-year in the fourth quarter, pulling in $64.69 million. For the year, it […] [Read More]

After releasing their report on new-car dealers earlier this month, IBISWorld came out with the Used Car Dealers in Canada Industry Market Research Report this week — a document containing numerous tidbits of good news for dealers looking forward.   Attributable in part to rising consumer demand, IBISWorld predicts used-car dealer profit and revenue will […] [Read More]

RouteOne Canada recently announced it has completed integration with General Motors’ captive finance organization GM Financial, which may simplify the credit approval process for GM dealers. All GM dealers may now send credit applications electronically through the RouteOne Canada platform as well as manage the entire scope of the credit fulfillment process, the companies reported. […] [Read More]

Vendor Transparency Solutions, an Arizona-based compliance management company, and Michael Dougherty of Weltman, Weinberg & Reis, a large creditors’ rights law firm, are announcing the launch of a series of free Consumer Financial Protection Bureau compliance webinars. Organizers indicated the webinars, each covering different CFPB topics, will be made available to auto lending institutions and […] [Read More]