Online used-car marketplace Shift has announced that next month, the company is set to gift one California resident any BMW listed on Shift.com (provided the vehicle is priced at $20,000 or less) as part of its current California BMW Giveaway contest. Californians interested in entering the contest can visit the Shift Facebook page, where on July 10 the grand […] [Read More]

A debt collection expert explained the importance of the rule-making pivot the Consumer Financial Protection Bureau evidently is making when it comes to finance companies and other credit providers looking to collect from consumers who defaulted. CFPB director Richard Cordray shared the details during his prepared remarks during last week’s consumer advisory board meeting. Cordray […] [Read More]

Coming off of a fiscal year where its net earnings dropped but still surpassed $5 million, Nicholas Financial this week announced the retirement of Ralph Finkenbrink as the subprime auto finance company’s president and chief executive officer for personal reasons. Nicholas Financial said Finkenbrink’s decision is effective as of Sept. 30 and he will resign as […] [Read More]

Toyota Motor Corp. has won a total of nine Vincentric Best Value in Canada awards this year, including three for its luxury vehicle division Lexus. Lexus received Vincentric’s brand award for best luxury SUVs and crossovers, in addition to model awards for best luxury hybrid, luxury compact SUV/crossover and luxury mid-size SUV/crossover. Toyota’s non-luxury models […] [Read More]

NextGear Capital and Ready Logistics have partnered to develop a transportation financing solution designed to help independent dealers free up cash flow and simplify their business operations, the two Cox Automotive brands recently announced. The new transportation financing solution allows clients of both brands to buy, floor and transport vehicles all in one transaction using a deferred […] [Read More]

StreetXtreme Auto Gallery president Patrick Hoang originally got his industry start as a mechanic about 15 years ago. Now he’s developed a business as tuned and supportive as the machines he used to repair regularly. The roots of StreetXtreme Auto Gallery germinated from the service and body shops that are still running strong. Hoang often […] [Read More]

As part of the Executive Issue special section in the May/June edition of the Auto Remarketing Canada magazine, we connected with Robert Lewocz, vice president of national sales at TRADER Corp.and autoTRADER.ca.  The emailed Q&A covers the potential for 100-percent online auto retail in Canada, the online shopping experience, TRADER's road map for 2017 and more.  Auto Remarketing Canada: […] [Read More]

As lane watchers noticed dealers intensify their search for clean or better units, the latest Black Book Market Insights report showed truck segments continuing to out-perform their car counterparts. Ironically out of all segments — and perhaps a nod to the first official day of summer coming in a few days — editors found that […] [Read More]

ELEAD1ONE recently announced a partnership with automotive recall news and data provider Recall Masters to integrate real-time vehicle recall lookup data into the company’s lane management application Service1One. Getting recall status information via the app during the mobile check-in process not only saves time during the initial inspection stage but prevents potential upsets between dealers and […] [Read More]

Having reached 200 locations worldwide and updating its mobile app earlier this year, Copart made another significant move on Monday, announcing that it has acquired Cycle Express, which conducts business primarily as National Powersport Auctions (NPA). Officials highlighted NPA currently operates facilities in Atlanta, Cincinnati, Dallas, Philadelphia and San Diego. They explained NPA predominantly auctions […] [Read More]