Aly Jiwani, general manager of The BMW Store, Rolls-Royce Motor Cars Vancouver and Mini Yaletown at OpenRoad Auto Group, is used to a large volume of sales. In fact, The BMW Store sells at least 2,500 cars a year, Jiwani pointed out. But some luxury dealers and manufacturers are seeing slightly less brand loyalty from […] [Read More]

Nicholas Financial acknowledged two elements combined to erode its originations during its most recent quarter that closed on June 30, but the subprime auto finance company is remaining steadfast in its strategy to maintain discipline during challenging market conditions. The figures Nicholas Financial reported included diluted earnings per share decreasing 73 percent to $0.10 as […] [Read More]

It appears some consumers not only are struggling to maintain monthly payments, but they are also lacking the resources to file for bankruptcy. The American Bankruptcy Institute indicated total U.S. bankruptcy filings decreased 8 percent in July as compared to June. According to data provided by Epiq Systems, filings totaled 61,366 in July, down from […] [Read More]

These days, customer service is all about giving your clients what they want. Think about Amazon Wardrobe, for example. Now, Amazon Prime subscribers can get clothes delivered to their doorstep for free — and send them back for free if they don’t fit. Aly Jiwani, general manager of OpenRoad Auto Group’s The BMW Store, Rolls-Royce Motor […] [Read More]

As part of the roll out of KAR Auction Services’ new operating segment — KAR Remarketing Services — one of the top executives from ADESA Canada has a new position. As part of this organizational alignment, on Thursday Lisa Scott was named president of PAR North America, which is a U.S. provider of vehicle transition […] [Read More]

As the company released its second quarter financial statement, KAR Auction Services also announced on Thursday the creation of a new operating segment — KAR Remarketing Services. KAR Remarketing Services is designed to align the company’s AutoVIN, Dent Demon, High Tech Locksmiths and PAR North America businesses. Picked to serve as president of this new […] [Read More]

In buying Carlypso, Carvana got that homeowner’s toolset you might find at the hardware store — the one with all those extra pieces you need for the next job around the house. Carlypso began as a peer-to-peer car-selling service, eventually becoming a managed marketplace where consumers could access wholesale vehicles directly, Carvana explained in a […] [Read More]

automotiveMastermind has been named a finalist for three 2017 Software-as-a-Service Awards’ in categories for Best User Experience, Best Data-Driven SaaS Product and Best SaaS Product for Sales and Marketing. Now in its second year of recognizing innovation in software, the SaaS Awards program accepts entries from both the U.S. and across the globe.   SaaS Award […] [Read More]

If an “up” walked into your showroom or went by your dealership website searching for a subcompact model, new information from Jumpstart Automotive Media shows there’s a good chance that shopper was looking for the smallest versions of a CUV or SUV. This week, Jumpstart Automotive Media released its monthly share of shopper interest data, which […] [Read More]

Digital Recognition Network (DRN) hosted its annual affiliate appreciation event during last month’s North American Repo Summit (NARS) to honor DRN providers and affiliates. The event included an awards ceremony where DRN recognized companies that have demonstrated excellence and shown leadership in the repossession industry. The winners included providers American Recovery Service (ARS) and ALS […] [Read More]