Manheim’s presence in one of the BRIC nations became more robust this month with a long-term commitment in Brazil. Cox Automotive announced that Manheim acquired Pacto São Paulo along with developing commercial partnerships with six other auction companies to invest in the local marketplace. Manheim highlighted that Pacto São Paulo is located approximately 250 kilometers, […] [Read More]

House and Senate lawmakers wasted little time in using Congressional Review Act (CRA) authority to start an effort to stop the Consumer Financial Protection Bureau’s final rule prohibiting the use of class action waivers in arbitration clauses. The CRA permits Congress to overturn an agency rule within 60 legislative days after an agency has submitted […] [Read More]

As experts and policymakers shared a variety of economic trend updates and observations, Fitch Ratings summarized that record-setting payment performance isn’t likely to simply last forever. But at the same time, Fitch reiterated that deterioration of auto finance performance — especially in the subprime space — won’t pull the entire economy into a tailspin like […] [Read More]

PartCycle Technologies recently introduced an upgraded online used-car-parts platform (PartCycle.com) designed to give dealers an efficient way to get the parts they need for their service/parts customers. The company offers an online recycled auto parts marketplace.  In a news release, the company gives the example of University Toyota in Tuscumbia, Ala.,  which since integrating PartCycle into […] [Read More]

Here’s another way to generate revenue at your buy-here, pay-here operation with the units that might have some of the highest odometer readings in your inventory. First Choice Car Care recently announced its five-year, 100,000-mile vehicle service contract (VSC) plans for vehicles up to 20 model years old and already having up to 150,000 miles […] [Read More]

There’s an old adage in the used-car business that says, “Customers come to your lot to look for the cars they want; you’re at the lot to sell the cars you want to sell.” That all works out great if those potentially conflicting motives intersect at the perfect vehicle which just happens to be on […] [Read More]

As part of the Aug. 1 print edition of Auto Remarketing, our Power 300 issue, we conducted a few Q&As with leaders from some of the top companies in the used-car space.  Below is a Q&A with Ron Cooney, who is the Toyota Certified Used Vehicles sales operations manager at Toyota Motors North America. Auto Remarketing: When […] [Read More]

Vincentric recently announced the winners of its the sixth annual Vincentric Best Fleet Value in Canada awards, where Ford Motor Co. took home 10 winning awards. Mercedes-Benz and Toyota each had four winning vehicles in this year's awards. The winning Ford roster included the six-time champion F-150 and four-time winner F-250 pickup trucks, as well […] [Read More]

Canadian auto superstore HGrégoire recently announced it will add two new franchises to its network to service the needs of customers in Southwestern Québec. The company’s new dealerships, HGrégoire Infiniti and HGrégoire Mitsubishi, set to open in August, are both located in Chomedey, Québec. "HGrégoire continues to be the leader in the new and pre-owned vehicle industry," […] [Read More]

Management at Brian Jessel BMW Pre-Owned in Vancouver described what it’s like to be a part of select group of stores recently hailed by CarGurus. The shopping website announced its inaugural list of CarGurus Canada Top Rated Dealers, a collection that includes more than 400 stores. Awards are being presented to a select group of […] [Read More]