AuctionVcommerce recently announced the release of its Dealer Service Center tool, which is an independent-auction-branded customer interface that is designed to give dealers and consignors the ability to expedite requests directly to any auction department. The company said that it is releasing the system to all of its members as a targeted communication strategy for […] [Read More]

Larry H. Miller Dealerships announced the opening of its Mercedes-Benz of Draper dealership on Thursday. The dealership was formerly named Mercedes-Benz of Lindon and recently relocated to a newly built 45,069-square-foot building on 5.5 acres of land in Draper, Utah. Mercedes-Benz of Draper includes a 1,100-square-foot AMG Performance Center, with specially-trained AMG sales and service personnel, according […] [Read More]

Black Book determined full-year vehicle depreciation for 2017 didn’t quite reach the level editors saw for the previous year. According to Black Book data, the average price of a used vehicle for model years 2012 through 2016 depreciated in value by 2.9 percent during the close month of 2017. Editors indicated overall cars values dropped […] [Read More]

The National Automotive Finance Association is teaming with Hudson Cook and Compli for a free webinar in an effort to answer some questions likely on the minds of leaders at dealerships and finance companies. A trio of experts is looking to project how fair lending issues may be handled during the second year of the […] [Read More]

As shoppers settle into a new year that is sure to come with special incentives on CPOs, Autotrader has come out with its latest list of the top incentive deals available on certified pre-owned vehicle purchases throughout the month of January. Autotrader’s list includes Buick's CPO program, which offers CPO shoppers 1.9 percent interest for […] [Read More]

LotLinx announced Thursday that Denise Chudy has stepped down from her positions at the company to pursue other opportunities. This news follows the company's announcement on Wednesday that Gee Leung has joined the company as chief operating officer. "I appreciate the opportunity to have helped LotLinx grow its disruptive technology to become a market-leading digital […] [Read More]

The Canadian Automobile Dealers Association (CADA) announced at the Montreal International Auto Show that it plans to launch a national recruiting campaign aimed at groups such as millennials, women, new Canadians and military veterans. Auto dealerships currently employ around 150,000 people nationwide, and that number is expected to rise in response to the auto sector’s […] [Read More]

While a consumer advocate in a note to SubPrime Auto Finance News called the action “an insane development,” industry representatives cheered the request by the acting director of the Consumer Financial Protection Bureau for evidence of the regulator’s effectiveness. On Wednesday, the bureau announced that it is issuing a call for evidence to ensure the […] [Read More]

Canadian dealers now have another way of verifying incentive levels and other financing data associated with a vehicle a potential buyer is considering. This week, Reynolds and Reynolds Canada and Motoinsight announced an agreement that will enable dealers that use the Reynolds ERA-IGNITE dealership management system (DMS) to seamlessly access Motoinsight’s automotive data for customer […] [Read More]

At Used Car Week in November, Joe sat down with ADESA chief operating officer Paul Lips for a chat about his time as National Auto Auction Association president, mobile phone usage in the auction industry, auction safety, volume spikes for 2018, Notre Dame football and more. Check out their conversation from La Quinta, Calif., below, […] [Read More]