The International Automotive Remarketers Alliance announced on Tuesday it has updated its new website by integrating association management software designed to improve online membership management. The software was created to manage alliance membership, improve communication within the organization, streamline online education and enhance other website functionalities, according to the alliance. “The IARA board commissioned IARA executive […] [Read More]

A record 22.8 percent of franchised dealers’ used-car sales last year were certified pre-owned vehicles, according to an Edmunds report, and there were also a record 2.6 million CPO cars sold last year. But where do certified sales go from here?  That’s not quite certain at this point, although signs would suggest there's potential for […] [Read More]

The latest TransUnion Industry Insights Report found that 80 million consumers held a vehicle lease or retail installment contract as of the close of 2016. Analysts determined the figure marked the highest level TransUnion has observed since at least the third quarter of 2009, as approximately 4.3 million additional consumers last year took out what can […] [Read More]

With an impressive 2,084 new vehicles sold in 2016, Dilawri Group of Cos. announced on Wednesday that 401 Dixie Nissan set a new all-time record for Nissan dealerships nationwide. The Mississauga store located in the Dixie Automall surpassed the previous sales record and has been recognized as the highest volume Nissan dealership two years in […] [Read More]

ALG has named the winners of its 9th annual Canadian Residual Value Awards, where the Subaru and Land Rover were awarded honors for top Mainstream Brand and Premium Brand, respectively. ALG also named 27 vehicle segment winners.  Recipients were chosen from 2017 model-year vehicles that have are forecasted to offer superior value in their segments. […] [Read More]

Primeritus Financial Services said Wednesday afternoon it has purchased Global Investigative Services, a Rockwell, Texas-based provider of vehicle skip-tracing services, equipment recovery and investigative services for the finance industry.  It was founded by Greg Hill and Danny Tolbert. “When we look at potential acquisition targets, companies must meet a high standard of managerial, financial and […] [Read More]

“The used market as a whole is definitely in the midst of a significant transition that’s only just starting to accelerate.” That above quote from Edmunds senior analyst Ivan Drury is one of the last sentences in a news release accompanying the company’s latest Used Vehicle Market Report. But it might be the most apt […] [Read More]

In the years following the recent recession and new-car sales decline, used-car supply was in a pinch. So finding cars for certified pre-owned programs often proved to be challenging. Dealers had to get creative to find CPO-worthy vehicles for their lots. However, used-car supply — like new-car sales — has rebounded in a big way […] [Read More]

On Wednesday, salvage vehicle auction company Insurance Auto Auctions named a new chief operating officer and made five additional key senior leadership appointments following the change. Chosen for the COO position is Tim O'Day, who was most recently senior vice president of finance. "Tim has strong strategy and management expertise and a proven track record […] [Read More]

With debt collection continuing to be one of the primary triggers, the Consumer Financial Protection Bureau’s latest update about its complaint database indicated the bureau has handled approximately 1,080,700 consumer complaints across all products as of Jan. 1. For December, the CFPB reported that debt collection again was the most-complained-about financial product or service. Of […] [Read More]