The National Insurance Crime Bureau (NICB) looked at the cost of replacement parts for the Top 10 stolen vehicles from the 2016 model year and uncovered how lucrative illegal operations can be that chop up these units — and potentially take away business from your dealership’s service drive. NICB insisted that expensive parts will continue […] [Read More]

If certified pre-owned vehicle sales in Canada appear strong, that may only be the tip of the iceberg. That is, if it follows the pattern of the CPO market in the U.S., which took some time to develop but certainly “caught on … in a big way” during the last decade. KAR Auction Services chief […] [Read More]

Security for dealers and finance companies nowadays involves much more than just locking vehicles, the showroom and front door each night. In fact, EFG Companies recently highlighted that data security is one of the largest areas of concern in 2018 for dealers, finance companies and their partners. According to the Identity Theft Resource Center and […] [Read More]

CarMax has once again made the list of "100 Best Companies to Work For" released by FORTUNE magazine. This year, the used-car retailer took spot No. 34 for its 14th consecutive year of making the list. "This award recognition is a direct result of the culture created by our associates,” CarMax chief executive officer Bill Nash said in […] [Read More]

Auction Management Solutions just added the largest independent auction in Nevada to its client roster. According to an announcement on Thursday, Dealers Auto Auction of Las Vegas, (DAALV), has partnered with AMS for business development and other projects. Founded in 2006, by Dan Thomas and Russ Norrish, the auction has grown to a 350-unit weekly […] [Read More]

Cox Automotive announced Wednesday that Jim Williams will replace Patrick Brennan as senior vice president of logistics for Inventory Solutions next month. Brennan has been promoted to senior vice president of Inventory Solutions’ marketplace. Meanwhile, Williams will report to Grace Huang, president of Cox Automotive Inventory Solutions, effective March 1 . He will be responsible […] [Read More]

The retention value of 4-year-old vehicles has reached an all-time high for the second year in a row, according to the 2018 edition of the Canadian Black Book Retained Value Awards released this week. Four-year-old vehicles are retaining 53 percent of their original MSRP, Canadian Black Book said, beating the record level (51 percent) from […] [Read More]

Reading headlines from major media outlets this past summer, it might seem as though auto finance companies didn’t understand the importance of verifying income and employment information provided by applicants. Everything was written from auto finance companies being fraudsters to the auto industry being the harbinger for the next recession. However, the headlines largely got […] [Read More]

Senior executives at captive auto finance companies from around the globe recently gathered to discuss and debate the latest developments in FinTech in the auto finance industry at White Clarke Group’s third Auto Captives Summit held at The Shard, London in late January. The Auto Captives Summit 2018 centered on providing attendees with real-world examples for […] [Read More]

HGreg.com announced Wednesday that it has opened HGreg.com Broward, its third location in Florida that includes a 28,515-square-foot building, along with more than 400 cars on a four-acre lot. The company said it will employ up to around 80 full- and part-time employees at the new location. HGreg.com belongs to the HGregoire network of new- […] [Read More]