Copart recently announced the expansion of two of its Arkansas locations — the first in Conway, near Little Rock, and the other in Prairie Grove, near Fayetteville. Combined, the two newly expanded locations currently have more than 1,000 salvage and clean title vehicles up for bid, according to Copart. "Expansions are exciting for Copart because they allow us to utilize existing […] [Read More]

Dallas-based startup Fastlane has launched a new e-commerce platform that gives automotive dealerships the ability to customize their online check-out processes. The new platform is designed to facilitate an easy and efficient online car buying process that both showcases dealers’ available inventory and allows customers to acquire financing, service contracts and insurance following a purchase […] [Read More]

When it comes to consumers taking over someone's vehicle lease contract, they appear to be pretty particular about which brands they are considering. According to its quarterly lease trends report for the second quarter released on Tuesday, Swapalease.com discovered only three badges increased in search traffic from the first quarter. That group included Infiniti, Ram and […] [Read More]

Despite four factors that might make its confidence deteriorate, Kroll Bond Rating Agency (KBRA) said in a report released on Monday that it remains “comfortable” with auto loan ABS fundamentals. That assertion came within the firm’s newest structured finance research report titled, "U.S. Auto Market Update: Deconstructing Headline Loss Rates." Before making a trio of additional assertions, […] [Read More]

Paragon Honda and Paragon Acura announced last week they have expanded the group’s e-commerce sales and service platform to another borough of New York.   After a three-month beta test in Manhattan, Paragon Direct is now available in Queens. The platform allows consumers to schedule service, buy cars and set up test-drives online.   Brian […] [Read More]

Roadster said Monday it is now providing its white-label vehicle ecommerce solution to Longo Toyota, which is said to be the largest Toyota store in the world.  Longo, which is a part of the Penske Motor Group and Auto Remarketing's CPO Dealer of the Year in 2012,  joins a list of other well-known dealers and dealer […] [Read More]

Florida Fine Cars — among the top 100 independent dealers highlighted earlier this summer in Auto Remarketing — announced on Monday that the dealership will support two upcoming walk/run fundraisers to benefit St. Jude Children’s Research Hospital in an effort to help doctors find a cure for childhood cancers. The Memphis, Tenn.-based children’s hospital has […] [Read More]

Classic vehicle insurance provider Hagerty announced Monday it is stepping into the car-rental space with the company's latest acquisition of the peer-to-peer online marketplace for classic cars: Classics&Exotics. Hagerty has relaunched this marketplace, which is boasted as the Airbnb of vintage and exotic cars, as DriveShare by Hagerty. The peer-to-peer marketplace has connected American drivers with classic cars […] [Read More]

The auto industry enjoyed record sales in 2016, but a mid-year report from Urban Science shows that per-store sales are likely to slow in 2017. With dealers watching their profit margins, they may not be aware of a national development that could impact vehicle-transport costs. In 2015 the Federal Motor Carrier Safety Administration issued a mandate for all […] [Read More]

As Westlake Financial Services broadened its employee training program, the finance company also recently agreed to use Equifax’s dealer intelligence platform, TradeSight, to manage and monitor its dealer relationships. TradeSight can help finance companies analyze originations, current and future dealer partners and performance of the installment contracts booked through dealer partners. The tool works by […] [Read More]