A sampling of results shared by automakers in news releases or via email shows a mostly positive September for the certified pre-owned car market. Kia, for example, said it sold 6,201 certified vehicles in September, up from 5,777 a year ago.   Volvo, meanwhile, said it increased its CPO sales by 35.5 percent year-over-year, moving […] [Read More]

SpinCar now has more financial resources to enhance its marketing solution for dealer inventory. The digital automotive merchandising software provider announced on Thursday that it has closed a $22 million financing round led by Wavecrest Growth Partners, with participation from auto and tech industry veterans David Metter and Harpreet Grewal. SpinCar highlighted the new capital […] [Read More]

The American Bankruptcy Institute noticed that filings slowed as the third quarter closed. According to data provided by Epiq Systems, total U.S. bankruptcy filings totaled 57,569 in September, down 4 percent from last September’s figure of 60,050. Officials pointed out the 54,786 consumer filings in September also represented a 4-percent decrease from the September 2017 […] [Read More]

Allied Solutions, one of the presenting sponsors of Used Car Week 2018, now has a closer relationship with Location Services, which also just acquired commercial consignor Remarketing of America to enhance its risk management and other offerings to auto-finance clients. Allied Solutions, one of the largest providers of insurance, lending and marketing products to financial […] [Read More]

[UPDATED with Nissan and Infiniti sales] The year is three quarters of the way done, so here is a look at how certified pre-owned sales in Canada are faring through nine months:  Nissan increased its certified pre-owned sales from 584 in September 2017 to 765 last month. Through nine months, its sales have reached 6,994 […] [Read More]

Moncton, New Brunswick-based TSI Auto Solutions has been purchased by NCM Associates, a firm out of Kansas City, Mo., whose claim to fame is founding the 20 Group process. NCM said in a news release Thursday that it will be “business as usual” for the two companies in the near term and that “any merger […] [Read More]

It was a weird summer. That is, in terms of vehicle demand and prices. Stemming from concern over potential tariffs on vehicles and car parts that pulled demand forward, Cox Automotive chief economist Jonathan Smoke said in a conference call with reporters this week that June, July and August were the best months so far this […] [Read More]

Expansion appears to be the name of the game right now in the world of online car retailers. This week, Carvana has launched in its fourth South Carolina market and its 80th overall. Meanwhile, online vehicle store Joydrive has expanded into Oklahoma through a partnership with the Jim Glover Auto Family. Starting with Carvana, the […] [Read More]

CarMax tapped a top executive in the food business to help its used-vehicle retail operations. On Tuesday, CarMax announced that its board of directors has elected Pietro Satriano to membership on the board; a move that was effective on Monday. The company added Satriano will serve on its nominating and governance committee. Satriano has been the […] [Read More]

HyreCar is taking additional steps to insure vehicles within its platform. The carsharing marketplace for ridesharing on Tuesday announced its strategic joint venture with Dave Haley, chief executive officer of American Business Insurance Services (ABI), and Peter Foley, chief executive officer of LILCHA Holdings. An extension of an ongoing partnership, HyreCar explained this venture will […] [Read More]