After revealing a change in its latest quarterly report about how dealer fees are collected, Credit Acceptance Corp. also recently shared the details about its completion of a $351.7 million asset-backed non-recourse secured financing. Pursuant to this transaction, Credit Acceptance said it contributed contracts having a value of approximately $439.6 million to a wholly-owned special […] [Read More]

ADESA announced this month that its VirtuaLane multisite capabilities have been fully integrated into the auction company’s Marketplace mobile app. What this means is that users of that app can now view and bid on any of the inventory at VirtuaLane multisite events from any of the 26 ADESA locations that hold such sales, the […] [Read More]

ShipYourCarNow made another move on Friday in an effort to deliver vehicles to dealerships as quickly as possible. The transportation, technology and service provider announced it has become a participant in the CDK Global Partner Program, one of the largest third-party marketplaces of automotive applications and integrations. As a member of the CDK Partner Program, […] [Read More]

AutoNation said Friday it has named its next chief financial officer, bringing over Office Depot executive Joseph Lower. Lower, whose most recent post was Office Depot’s executive vice president and CFO, will take on that role at AutoNation starting Jan. 13 and report to chief executive officer Cheryl Miller. His background also includes time with B/E […] [Read More]

As potential vehicle buyers arrive at dealership showrooms during the holiday shopping season, MAX Digital rolled out its latest solution designed to keep the atmosphere merry when it comes to finalizing trade-in values. MAX Digital just launched MAX Trade Value, which the company described as a smart valuation tool that leverages deep market data to […] [Read More]

Consumers appear to have a notable desire to purchase a vehicle amid the upcoming holiday shopping season. Their sureness that a finance company will underwrite the contract so they can take delivery doesn’t appear to be on the same level. The latest Capital One Auto Navigator survey reveals only 26% of respondents feel very confident […] [Read More]

Carvana, the online used-car buying and selling platform launched in 2012 “to change the way people buy cars” is making good on that lofty promise if its third-quarter 2019 performance is an indicator. In his third-quarter earnings conference call with investors, co-founder, president, and chief executive officer Ernie Garcia III reiterated that promise. “Third quarter […] [Read More]

A familiar name has once again topped U.S. News & World Report’s CPO brand rankings. And it also continues a win streak on the pre-owned awards circuit. U.S. News Best Cars has named its Best Certified Pre-Owned Program award winner for 2020, and taking top honors for the fourth year is Lexus. (U.S. News Best […] [Read More]

Canadian Black Book vice president of research and analytics Brian Murphy summed up the latest reading of the CBB Retained Value Index with six words. “What goes up, must come down,” Murphy said in a news release sent to Auto Remarketing Canada this week. Coming off a record high established in September, the seven-month winning […] [Read More]

Certified pre-owned programs offer a great opportunity to increase your gross. However, the word certified means different things to different people, which creates confusion for customers and challenges for dealerships. What does a customer really want when they’re looking to buy certified, and how can you make your certified vehicles stand out? Through our research, Driving Insights […] [Read More]