Along with taking a closer look at how volume will impact compact cars’ residual values, RVI Group’s Risk Outlook for June indicated that used-vehicle prices in May softened on a year-over-year comparison but ticked slightly higher on a sequential basis. The report indicated that real used-vehicle prices for 2- to 5-year-old units on a seasonally […] [Read More]

RVI Group’s Risk Outlook for June found that real used-vehicle prices in Canada decreased in May on a year-over-year basis. Analysts place the exact downward movement at just 0.4 percent. When compared to April, the May softening was a bit more notable, as RVI Group pinpointed the dip at 1.5 percent. Among higher volume segments, […] [Read More]

Lionel Wardrop, the general manager of Budget Car Sales in Vancouver, says looking at the market through a customer's eyes is fundamental to his dealership’s success. At Budget Car Sales, using live market pricing is how Wardrop said he ensures that each deal is first-rate. “We use software to check the retail marketplace and make […] [Read More]

Dealer Marketing Services, the makers of ProMax Unlimited, recently released Recall Check, a new feature for the platform that tracks open recalls. Recall Check was designed to monitor a dealer’s entire inventory for open recalls. “Recall Check gives our dealer customers a foolproof way to track all pertinent recall information and use it to generate […] [Read More]

This week, Pelican Auto Finance selected Payix to provide its collections tools, including its new mobile collections application. The tools are designed to help Pelican better connect with its contract holders and improve its ability to collect installment payments. The companies highlighted the mobile app and other tools are white labeled and integrate with Pelican’s […] [Read More]

CDK Global and PSA Benelux recently signed a new partnership agreement that offers the region’s Peugeot and Citroën dealers access to CDK Global’s new integrated dealer management system — Autoline Drive. Officials explained the move by PSA to enhance DMS provision across its network is part of the “ic@n framework” — PSA’s streamlining of its […] [Read More]

While most of the time a used-car shopper isn’t going to stray far from home to buy a vehicle, in certain cases it actually makes more financial sense for them to take a flight to a city where car prices are considerably less expensive. Or as CarGurus puts it, “Fly to Buy.” Analysts with the company […] [Read More]

Since launching its Auction Safety Certification and Lane Safety Training series 14 months ago, the National Auto Auction Association said that more than 7,000 people within the industry have been certified under the safety program. The courses, NAAA said in a news release on Thursday, include educational videos that aim to promote safety and prevent accidents. […] [Read More]

Larry H. Miller Dodge Ram Avondale recently announced that it has once again made it onto The Arizona Republic and azcentral.com’s 2017 list of Top Companies to Work For in Arizona. The dealership is on the list for the second consecutive year. A total of 100 companies are chosen each year. All of the companies were […] [Read More]

Payment technology and merchant services provider BillingTree recently announced the appointment of Bryan Schreiber as chief financial officer, along with two other senior personnel moves involving its leadership team. BillingTree indicated Schreiber will oversee the company’s expansion plans to spearhead growth and drive revenue in new and existing focus markets, including ARM, healthcare, financial services, […] [Read More]