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]

Industry leaders reiterated during this summer’s Automotive Intelligence Summit the importance of collaboration as technology evolves. Another example of those kinds of partnerships recently came to fruition involving Jericho Information Technology and OneMagnify. Dave McCune, president of Jericho Information Technology which has provided analytics, risk, contact management, compliance and complaint resolution services to indirect auto […] [Read More]

A member of the SubPrime 175 is enhancing its resources to maintain compliance with state and federal guidelines to better serve its auto-finance clients. Victory Recovery Services, a provider of skip-tracing and national repossession management for creditors with collateral secured contracts, is taking another step in enhancing its risk assessment and due diligence efforts by […] [Read More]

When reacting to this week’s trade announcement coming from the White House, one of Edmunds experts cautioned that, “Given that new-vehicle prices are already stretched to record highs, things could take an ugly turn for consumer wallets, especially considering the trend of continuously rising interest rates.” Well, that ugliness Edmunds referenced might have arrived just […] [Read More]