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]

In addition to sessions on financing, regulatory moves, industry disruption and more, the NIADA Convention & Expo this week will include a host of certified pre-owned-related sessions. The event, which began Monday and runs through Thursday, is being held at The Mirage in Las Vegas. Among the CPO sessions are: "Winning the CPO Retail Battle […] [Read More]

Janet Barnard, the president of Cox Automotive Inventory Solutions, will deliver Wednesday’s opening general session at the NIADA Convention & Expo. Her address on “Driving Wholesale Velocity Together” is set for 8:30 a.m. (PT) and will delve into “how evolving digital and mobile solutions can address rising off-lease vehicle volumes, changing customer expectations and set […] [Read More]

After participating in this year’s National BHPH Conference hosted by the National Alliance of Buy-Here, Pay-Here Dealers, technology provider DealerSocket is continuing to hit the trade show circuit with its comprehensive independent dealer platform. The company said its team has been hard at work rebuilding its technology solutions to ultimately produce a fully integrated, seamless […] [Read More]

Coming on the heels of the U.S. House of Representatives passing H.R. 10, the Financial CHOICE Act, in an effort to modify the Consumer Financial Protection Bureau among other objectives, the U.S. Department of the Treasury late on Monday issued its first in a series of reports to President Trump examining the U.S. financial regulatory system […] [Read More]

S&P Global Ratings reported that collateral performance in the U.S. prime and subprime auto loan asset-backed securities (ABS) sectors was mixed in April relative to March. Analysts indicated that while losses and recoveries continued to show seasonal improvement on a month-over-month basis, delinquencies rose. According to a report published by S&P Global Ratings, the prime […] [Read More]