Axis Auto Finance has signed a share purchase agreement to buy subprime finance company Trend Financial, the company announced late Tuesday afternoon. It’s a move that doubles the Axis portfolio — putting its net finance assets to roughly $110 million — and brings its “largest director competitor” into the fold, says the company’s president. Additionally, […] [Read More]

Hyundai Motor America announced Wednesday that it has begun launching vehicles for sale on Carfax Used Car Listings. Along with access to a free Carfax Report with every Hyundai Certified and non-certified vehicle, online shoppers who visit Carfax.com can now choose to see only Hyundai CPO vehicles in their search results. “Our certified program has grown significantly […] [Read More]

Online auto marketplace CarGurus rolled out three new TV advertising spots Wednesday to launch its second mass-media brand campaign. The three 30-second TV spots to kick off the “Everything You Need to Know”  campaign are airing on broadcast and cable networks, and coincide with national YouTube, Facebook and digital marketing efforts, CarGurus said in a […] [Read More]

Liquid Motors announced Wednesday a new partnership with MyDealerOnline to allow customers using Liquid Motors’ auto remarketing solutions to include their vehicles on dealer’s websites that leverage MyDealerOnline’s product. The companies completed integration in January. When a consumer contacts the dealer to buy a vehicle listed on a MyDealerOnline powered site, the dealer is now […] [Read More]

Carvana announced Wednesday that it has grown its Golden State footprint to include San Diego used-car shoppers. Customers in the city can now join Los Angeles residents who can shop Carvana’s more than 10,000 vehicles and schedule as-soon-as-next-day vehicle delivery. “There are so many things the people of San Diego could be doing on a Saturday […] [Read More]

KAR Auction Services chairman and chief executive officer Jim Hallett has won the Ed Bobit Industry Icon Award, which is presented by IARA and NAAA.   This honor was announced Tuesday afternoon during the Conference of Automotive Remarketing in Las Vegas. Tim Meta and Tony Long of IARA along with Frank Hackett and Warren Clauss […] [Read More]

Former Kelley Blue Book and Autotrader executive Rick Wainschel is now the vice president of analytics at global marketing company Epsilon. Wainschel, who joined the company the week of Feb. 19, will head up analytics strategies designed to provide strategic consulting and optimize consumer outreach for Epsilon’s automotive clients, a company spokesperson said via email. […] [Read More]

The Texas Independent Automobile Dealers Association and the National Independent Automobile Dealers Association are both located in the Lone Star State and already have a close relationship. That connection became even stronger on Tuesday in a development that could help Texas buy-here, pay-here operators and other independent dealerships highlight certified pre-owned vehicles — just like their […] [Read More]

PERQ announced Tuesday that it has appointed Stephanie Thompson to be its new vice president of client success. Thompson most recently worked at Gannett as a key account sales director specializing in online and traditional marketing. In addition to building strong teams that specialize in developing long-lasting client relationships, PERQ said her nearly 15-year background […] [Read More]

Dealers are banking on the hope consumers aren’t using their federal tax refunds any place other than their store to make a vehicle purchase. The latest Black Book Market Insights report showed continued spring season momentum for cars such as sub-compacts and midsize models. And even though compact cars and full-size cars declined, editors emphasized […] [Read More]