Amid the NAAA Convention during Used Car Week in Scottsdale, Ariz., DealShield announced its purchase protection solution will now be available for dealers and buyers at Lake Charles Auto Auction.  The Lake Charles, La., facility marks DealShield’s 40th independent auction. DealShield’s DS360 Guarantee, which helps dealers protect their purchases and return vehicles for any reason, […] [Read More]

Southern California automaker Karma Automotive is taking another step toward e-commerce for customers of their luxury electric vehicles.  The automaker is partnering with Drive Motors, builder of online car buying solutions, to provide customers at Karma’s company-owned dealership in Orange County, Calif. with an online buying solution.  Through the integration, according to the news release, […] [Read More]

As Used Car Week kicked off this Monday in Scottsdale, Ariz., Primeritus Financial Services announced a new chief executive officer. Mike Thomas has been named CEO, and the move is effective immediately.  Thomas succeeds Scott Peters in the position, who joined Primeritus in 2015 and led the company through a period of rapid growth.  Peters recruited […] [Read More]

KAR Auction Services today announced it has boosted its asset recovery capabilities with the purchase of Clearplan.  Based in Reno, Nev., Clearplan is a digital platform for recovery agents, drivers, forwarders and lenders that acts as a centralized, mobile “cloud-based hub” for repo workflow and logistics management. KAR shared in a press release announcing the […] [Read More]

The focus is on pre-owned, but there’s a bit of “new” going on at Used Car Week this year. To borrow from the real estate industry, we’ll start with location, location, location. While this ain’t our first rodeo in Scottsdale, Ariz., it is the first time Used Car Week has visited the Westin Kierland Resort […] [Read More]

In the Canadian certified pre-owned vehicle market, it was the strongest October on record for Mercedes-Benz, which sold 1,259 CPO units last month. That beats year-ago figures by 11.4 percent and puts the year-to-date tally at 11,906 units through 10 months, a 2.8-percent gain. Likewise, Volkswagen had its strongest October ever for CPO. It sold […] [Read More]

Jasen Rice learned well his lessons as an inventory performance manager for vAuto. He left that organization in 2013 to start Lotpop, a company providing online and on-lot inventory analysis and management services for smaller dealerships. Zach Klempf worked part-time at a dealership while attending Emory University. He “fell in love” with the business, but […] [Read More]

Rick Ricart is now the president of Ricart Automotive Group. He was previously the vice president and director of sales and marketing at the Columbus, Ohio dealer group. Ricart will be among the speakers at Used Car Week next week in Scottsdale, Ariz.  He will be a panelist on the Executive Suite: The View from the Top […] [Read More]

There’s no doubt about the Federal Reserve’s decision revealed this week to leave interest rates as they are at least for the time being. By a unanimous vote, the Federal Open Market Committee decided to maintain the target range for the federal funds rate at 2 to 2.25 percent. Policymakers have one more chance this […] [Read More]

What Locations Services believes is the recipe for success in the repossession and recovery industries includes taking executives from an array of well-known companies such as Ally Financial, PAR North America and Remarketing of America and fueling them with the funding resources from Delaware Street Capital. The result has been a busy year that’s included […] [Read More]