The National Auto Auction Association’s deadline to submit nomination applications for its 2017 Auto Auction of the Year Award for Excellence in Community Service is July 14. Nominations close at 11:59 p.m. (PDT) that day. Click here for application submission details. Four Chapter Auto Auction of the Year Award recipients will be announced as part […] [Read More]

In Episode 7 of the Auto Remarketing Podcast, Anil Goyal and Jared Kalfus of Black Book call in to talk with Joe and Nick about auto finance, the spring market in used-car values, the off-lease surge and more. Our interview with the pair of Black Book experts was on May 30.  Download and subscribe to the […] [Read More]

Insurance Auto Auctions has begun constructing IAA Fort Worth North, the company’s upcoming new branch scheduled to open in November. The new 18,000-square-fot branch will sit on 200 acres north of the Dallas-Fort Worth area, complementing IAA branches in Grand Prairie and Wilmer, IAA said. IAA Fort Worth North will include office, run and drive […] [Read More]

Online used-car marketplace Shift has announced that next month, the company is set to gift one California resident any BMW listed on Shift.com (provided the vehicle is priced at $20,000 or less) as part of its current California BMW Giveaway contest. Californians interested in entering the contest can visit the Shift Facebook page, where on July 10 the grand […] [Read More]

A debt collection expert explained the importance of the rule-making pivot the Consumer Financial Protection Bureau evidently is making when it comes to finance companies and other credit providers looking to collect from consumers who defaulted. CFPB director Richard Cordray shared the details during his prepared remarks during last week’s consumer advisory board meeting. Cordray […] [Read More]

Coming off of a fiscal year where its net earnings dropped but still surpassed $5 million, Nicholas Financial this week announced the retirement of Ralph Finkenbrink as the subprime auto finance company’s president and chief executive officer for personal reasons. Nicholas Financial said Finkenbrink’s decision is effective as of Sept. 30 and he will resign as […] [Read More]

Toyota Motor Corp. has won a total of nine Vincentric Best Value in Canada awards this year, including three for its luxury vehicle division Lexus. Lexus received Vincentric’s brand award for best luxury SUVs and crossovers, in addition to model awards for best luxury hybrid, luxury compact SUV/crossover and luxury mid-size SUV/crossover. Toyota’s non-luxury models […] [Read More]

NextGear Capital and Ready Logistics have partnered to develop a transportation financing solution designed to help independent dealers free up cash flow and simplify their business operations, the two Cox Automotive brands recently announced. The new transportation financing solution allows clients of both brands to buy, floor and transport vehicles all in one transaction using a deferred […] [Read More]

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]