Cox Automotive and Jive Software will discuss best practices for building an engaged workforce in a free live webinar next Thursday entitled, "Building an Engaged Workforce at Cox Automotive." Cox Automotive communications manager Billy Auer will join Darshita Maniar, senior manager of product marketing at Jive Software, to examine the tools and technologies used to support employees […] [Read More]

On Wednesday, the Dilawri Group of Companies and OpenRoad Auto Group announced a new joint venture to break ground on a flagship Porsche Centre in the Richmond Auto Mall. The new dealership is scheduled to be completed in 2019, construction is set to begin in 2018. “This is an excellent opportunity to provide our customers […] [Read More]

As part of Auto Remarketing Canada's annual Power 200 this fall, we reached out to some of the top executives in the Canadian used-car business for an inside look at their businesses and their insight into the remarketing industry.  Next up in this series is a September Q&A  with Tim McGee, manager of vehicle remarketing with Element […] [Read More]

As Fitch Ratings shared its latest update on the auto ABS market, analysts at the Federal Reserve Bank of New York indicated 3.6 percent of auto financing contracts stood at 90 or more days delinquent at the end of September. Meanwhile, total outstanding auto balances jumped by $32 billion year-over-year during the third quarter. What’s […] [Read More]

TREND Financial is a bit different than other players in the Canadian auto finance industry. It’s all leasing. It’s all pre-owned. The average age of the car when the lease is originated is six or seven years; when they come back, they might be a decade or older. And one of the mantras for TREND […] [Read More]

Add yet another public dealer group to the growing standalone used-car store movement. Penske Automotive Group announced Thursday morning that it has signed a deal to buy CarSense, a Northeast-based standalone used-car retailer. CarSense — whose no-haggle model focuses on late-model units — has five stores throughout the Pittsburgh and Philadelphia metro areas, including southern […] [Read More]

CarMax announced the opening of two new San Francisco Bay Area stores on Monday. A store in Santa Rosa and one in Fremont now join CarMax’s Pleasanton store, the company’s first store in the region that opened in May. The three stores have brought more than 200 jobs to the area this year. Both the […] [Read More]

Not only is lease penetration riding a record wave, leasing volume may experience a never-before-seen trend in 2016, as well. That’s according to Edmunds.com, which shared commentary from executive director of industry analysis Jessica Caldwell ahead of automakers reporting car sales on Thursday. “Leasing accounts for a larger share of new-car transactions than ever before, […] [Read More]

There is a considerable contrast between actual start-to-finish transaction times car buyers experience and what dealers believe is ideal, according to eLEND Solutions' survey of dealers nationwide published on Wednesday. While 36 percent of dealers surveyed said the ideal amount of time shoppers should spend in their dealership during the buying process is less than […] [Read More]

In honor of Auto Remarketing's 25th anniversary this year — which we are celebrating with our Dec. 1 issue  — 25 reasons, in no particular order, why I’m excited about AR & covering the auto industry: — There is always a new, innovative company to learn about in the used-car business. — We get to interact personally […] [Read More]