Students in the Auction Academy's fifth class are done with half of this year’s training and development agenda for the two-year program, having already attended multiple sessions in Dallas and Birmingham, Ala., this year. In addition to beginning Certified Automotive Remarketer certification training last month, Auction Academy students got an opportunity to visit America’s Birmingham Auto Auction and ADESA Birmingham. […] [Read More]

ChannelNet announced a strategic partnership this week with White Clarke Group to offer an end-to-end financing solution to the global asset finance market. The partnership offers asset finance companies an integrated customer and dealer-facing platform that can automate the overall management of the customer relationship for finance companies and their dealers, serving the automotive, truck […] [Read More]

A project that took roughly six months came to fruition in an attempt to help credit unions fill their auto finance portfolios. This week, GrooveCar launched its new corporate website designed to deliver a greater level of engagement for its credit union partners as they seek the latest expertise on auto finance growth. “It’s important to […] [Read More]

Vehicle subscription technology provider Clutch has added three new dealership groups to its roster. Fields Auto Group, Park Place Dealerships and Prime Motor Group are now utilizing the subscription platform of Clutch, whose subscription services are available through dealerships in 26 states. “The automotive industry is taking hold of subscription and showing how this can […] [Read More]

The retail auto industry is full of processes, from greeting the customer to selling that shopper a car, setting up financing, warranties and beyond. “The one process that seems to be missing is, ‘how do we bring the best people into our dealership?’” Hireology vice president of product Scott Brinkman said during a podcast recorded at […] [Read More]

Once again, Larry H. Miller Dealerships hosted group employees, vendors and business partners on the golf course to support its charitable arm Larry H. Miller Charities on Tuesday. Not only did 54 foursomes come out to compete, this year’s 2-day LHM Golf Classic tournament raised $400,000 for the dealership group’s charity program. Following an opening dinner and silent […] [Read More]

To be sure, new-car sales in Canada have been on a tear in recent years. Citing data from WardsAuto, Jumpstart Automotive Media points out that Canadian new-car sales have increased for eight straight years and set records for five straight years — including this first: eclipsing the 2 million unit mark last year. But based on […] [Read More]

Cox Automotive is seeing how actions by the Federal Open Market Committee (FOMC) at the Federal Reserve is impacting auto-financing activities as well as other major segments of the automotive space. Cox Automotive chief economist Jonathan Smoke recapped that the FOMC voted unanimously on Wednesday to increase the federal funds rate for the seventh time […] [Read More]

More dealer assistance is set to arrive this summer, especially for buy-here, pay-here operators who have to juggle the end-to-end process of finding inventory, reconditioning vehicles and finalizing deliveries. Stemming from dealer feedback to make a challenging audit process easier, NextGear Capital will be introducing a self-reconciliation tool that is designed to save dealers time […] [Read More]

Through five months of 2018, certified pre-owned sales continue to  look strong for a few automakers reporting results to Auto Remarketing Canada. Volkswagen, for example, had its best-ever May. It moved 1,938 CPO units, which was up 36.2 percent year-over-year.  VW’s year-to-date sales of 8,283 units are up 29.8 percent. Audi sold 815 certified pre-owned vehicles […] [Read More]