This week, Metrolina Credit Co. celebrated more than just Independence Day. The finance company that often originates subprime installment contracts with both independent and franchised dealers announced the opening of its new corporate offices and flagship branch office in Charlotte, N.C. The new facilities are located at 2331 Crownpoint Executive Drive, Suite N, in Charlotte. Metrolina Credit […] [Read More]

On Wednesday, Carvana expanded its growing footprint into Louisville, Ky., the company’s 31st market. Louisville residents can now search through over 7,000 vehicles on Carvana.com and schedule next-day home delivery of their vehicle following a purchase. “Our Louisville launch marks our presence in 31 markets in 15 states,” Carvana founder and chief executive officer Ernie Garcia said in a […] [Read More]

There will be about 500,000 additional off-lease vehicles this year compared to last, according to data shared in a media conference call with top analysts from Cox Automotive. And off-lease volume is only expected to run higher in 2018 and 2019, Kelley Blue Book senior analyst Alec Gutierrez said during the call. With half-a-million more […] [Read More]

An industry veteran who has experience with three different automakers most recently was involved with a large, privately held dealership group in the Northeast is now joining Kia Motors America as vice president of sales. Kia recently announced Bill Peffer will assume his new role effective on July 24. Peffer — who joins the automaker […] [Read More]

The car buyer has just about finished the transaction at the dealership. He or she has researched and researched before heading to the dealership; found the right car, test-drove it and came to an agreement on price with the salesperson. “What happens is, after kind of what oftentimes is a long drawn-out process filled with […] [Read More]

Ernst & Young recently announced that Car Keys Express founder and owner Mark Lanwehr is a recipient of its Ohio Valley region Entrepreneur Of The Year 2017 Award in the manufacturing category. Lanwehr was presented his award in Cincinnati, Ohio, during a special gala event at the Hyatt Regency on June 15. “I’m truly honored,” […] [Read More]

In the spirit of summer holidays like Independence Day, Cars.com suggests that auto dealers align their pre-holiday advertising and mobile content in time for holiday weekends. The third-party shopping site found that during holidays, car shoppers tend to buy — and they also want special offers delivered to their mobile phones. Consider the traffic dealerships saw this Memorial […] [Read More]

In the past, Manheim has hosted mobile auctions in some pretty unique locations — dealership lots, convention centers, NASCAR race tracks, even a minor league baseball park — but the company insisted the latest location tops them all. Recently, Manheim UK held what is believed to be the first vehicle auction at sea. The unique […] [Read More]

With fireworks popping because of the Fourth of July, Auction Management Solutions is celebrating too, and not just for patriotic reasons, as the consulting firm started by industry veterans Tom Stewart and Richard Curtis has reached its one-year anniversary. This past year, AMS highlighted that it has seen explosive growth in its core business of providing […] [Read More]

As buyers’ appetites for bigger and more expensive vehicles grow, Edmunds found the contract term length for new-model financing reached an all-time high in June with the terms for used-vehicle deliveries not far off that record-setting pace. According to a new analysis released on Monday, Edmunds determined the average contract length for new-vehicle financing stretched […] [Read More]