If you listen to lyrics from a rock and roll classic performed by The Who and other bands, you might agree there is “no cure for the summertime blues.” But the auction industry had no such blues in 2018. Jonathan Smoke, chief economist for Manheim’s parent company, Cox Automotive, said during the Manheim Used Vehicle […] [Read More]

Noting that the expansion increases its operational capabilities and readiness for greater volume, online vehicle auction company, Copart, has opened a new location in Antelope, Calif. The company operates at more than 200 locations in 11 countries, with more than 125,000 vehicles available online. “We are committed to adding vehicle storage capacity in California,” Copart chief […] [Read More]

Along with four other interesting statistics about how the Canadian retail used-vehicle market closed 2018, analysts also highlighted prices for the majority of the Top 10 funded used vehicles sold through the Dealertrack Canada stayed nearly steady. With six of the vehicles recording year-over-year increases and four recording declines, the average cash price of the […] [Read More]

Michael Cirillo is known to thousands of dealers across Canada and 64 additional countries as the host of the "The Dealer Playbook" podcast. Cirillo, who is also CEO of FlexDealer, will be at the Auto Remarketing Canada Conference on March 19 during Dealer Training Tuesday, with a session that will guide dealers through a process […] [Read More]

Carfax Canada has released a new pricing tool available on the Kijiji Autos site and an app that the companies say will help Canadians better understand used-vehicle values and empower them to make better decisions about used cars. The tool, according to Carfax Canada, will also help used-car sellers set competitive asking prices. The company says its […] [Read More]

Nearly 80 Lexus dealerships in seven states are included in the launch of a U.S. program that has a traditional lease foundation with other components aimed at making driving the luxury brand more convenient. In the age of increased online shopping, automatic bill payments and the growing prevalence of minimalist lifestyles, Lexus acknowledged drivers are also […] [Read More]

DealerPolicy, an auto insurance company geared toward car dealers, has been moving toward increasing its services. The company is already integrated with F&I software providers and also recently partnered with Equifax, which it says will help dealers accelerate the financing and purchase process. Now, the company is expanding into the state of Virginia. DealerPolicy notes […] [Read More]

Dumb question: Who wants to make more money? We all do, of course. But is opening your business to more credit-challenged consumers worth chasing more delinquencies and repos? Good question; and one that becomes problematic if you don’t take the right steps to minimize your risk. But, can I reduce risk and make more money […] [Read More]

Carvana already boasted a strong relationship with Ally Financial to help the e-commerce platform for buying and selling used vehicles. And on Wednesday, Carvana confirmed it now has a connection with Bank of America, too. According to a news release, the Bank of America digital car shopping and financing platform will now add more than […] [Read More]

Financial executives appear to have notable apprehension about delving into deep use of fintech firms and their developing technology. Treasury and finance professionals believe that strategic, cybersecurity and financial risks will remain the top areas of concern for the next three years, according to new research released this week by the Association for Financial Professionals […] [Read More]