A Sacramento, Calif., independent dealer is now among the stores using Flexdrive’s platform to offer car subscriptions as an option to their customers. Casey Baddley is the general manager of Outlet4cars, the family-owned store that has joined the subscription technology provider’s network. “Consumers often have an anxious feeling when coming to a dealership. It’s kind […] [Read More]

Record earnings, the role of diversification in achieving those earnings and the prominence of used vehicles as part of that diversification were among the main themes of the Penske Automotive Group third quarter 2018 earnings results. PAG and its chairman and CEO Roger Penske reported during the results call on Oct. 25 that the record […] [Read More]

Two developments surfaced on Friday involving Carvana; one involving a serious amount of financing capacity and the other much more light-hearted as an effort to drum up interest in the online used-vehicle retailer. First the funds as Ally Financial announced it is providing up to $2.3 billion in financing commitments over the next 12 months […] [Read More]

All NADA Values Online subscribers now have another tool at their disposal. On Friday, J.D. Power announced a new feature aimed at enriching its extensive used-vehicle database. The company highlighted that the VIN Based Option is a new feature that utilizes packaging, content and descriptive features specific to a vehicle’s entire 17-character VIN (vehicle identification […] [Read More]

AutoNation doesn’t plan on building any new AutoNation USA pre-owned stores  in 2019, and will instead focus on the Customer Care piece of its brand extension strategy. “We are encouraged by current progress and are continuing to evaluate the existing stores,” chief operating officer Lance Iserman said during opening remarks of the dealer group’s latest […] [Read More]

Finance companies continue to fill and expand their portfolios, especially when buying paper attached to a new vehicle that’s becoming more difficult for consumers to afford as transaction prices and interest rates keep climbing. October data shared by Edmunds and Kelley Blue Book on Thursday morning illuminated the trends, which to a degree are being […] [Read More]

The Insurance Research Council (IRC) might have uncovered another market challenge for buy-here, pay-here operators who sell vehicles in Louisiana, which already ranks near the top for deliquencies. According to a new study from the IRC, Louisiana ranks No. 1 on a list of least affordable states for auto insurance. Study orchestrators found that key […] [Read More]

The name change the company said was coming in an announcement back in March became official on Thursday. CARPROOF Corp. is now known as CARFAX Canada. Back in the spring, the company began the rebranding process to align with CARFAX, the U.S.-based provider of vehicle history information-based services, as both companies are owned by global […] [Read More]

Attention, auto auctions: Auto Remarketing Canada is putting together an “Auction Life” photo spread for our next print issue.  If your auction or auction group would like to participate, submit photos via email to senior editor Joe Overby at joverby@autoremarketing.com no later than close of business on Monday, Nov. 19. If you are sending large or multiple pictures, a zip […] [Read More]

Stephane Ferri is head of strategic development at Flexdrive, a car subscription services provider and a joint venture between Cox Automotive and ARI. But his background includes a dozen years at Asbury Automotive Group. So, when it comes to the vehicle subscription space in which Flexdrive operates, “I'm always going to think of it as a […] [Read More]