AutoCanada announced it purchased all of the operating assets of Ontario Limited, which manages Guelph Hyundai. "We are extremely pleased to welcome Guelph Hyundai into our Ontario dealer group. The dealership recently owned and operated by Graham Dennis has a long history in the Guelph community, serving their customers for decades,” said Steven Landry, AutoCanada […] [Read More]

In a forecast released Tuesday, TrueCar projects close to 2.86 million used-vehicle sales this month, which would be a 6.1-percent year-over-year slide. Last week, Edmunds.com called for roughly 2.8 million used-car sales in November, which would be down from 3.1 million in October. The seasonally adjusted annualized rate for used-car sales, however, is likely to […] [Read More]

Auction Management Solutions closed out the month by announcing that the firm has partnered with All Valley Dealer Auto Auction in North Hollywood, Calif., for business development consulting. Tom Stewart and Richard Curtis of AMS now have relationships with 13 total auction locations; a collection that also includes: — Columbus Fair Auto Auction — Greater […] [Read More]

It’s Election Day, but that isn’t exactly why Bill Zadeits is busy on this particular Tuesday. There are neat stacks of documents on the round table in his office — all cookie-crumbs of preparation as the Auto Remarketing publisher readies himself for another Used Car Week, just six days away. It’s the magazine’s signature event, and […] [Read More]

MetroGistics announced on Monday the promotion of Craig Clayton, who now serves as vice president of information technology. “Even though we’re in the transportation and logistics industry, innovation is at the heart of our operations,” said William Billiter, co-founder and managing partner of MetroGistics. “Craig has done a great job keeping us at the leading edge […] [Read More]

Dashing Through the Lanes, Manheim’s holiday campaign designed to increase dealer clients’ sales at the end of the year returned on Monday. Through Dec. 23, dealers nationwide who attend Manheim’s sales in-lane or on Simulcast are registered to win daily prize package giveaways. “As this campaign has attracted strong in-lane attendance and positive feedback in […] [Read More]

Both Credit Acceptance Corp. and Prestige Financial Services each recently received honors for how great their workplaces are. Credit Acceptance was among the 2016 Top Workplaces honored by The Detroit Free Press, having been named the No. 2 workplace in the large company category. This accolade marked the fifth year in a row that Credit […] [Read More]

On Monday, Pearl Technology Holdings announced the launch of Proximity, its new geo-fencing program, which allows its auto dealers to target their competitors’ customers by delivering real-time offers to the customer’s mobile device. “Nothing is better or more precisely targeted than delivering a compelling marketing campaign while the customer is at a competitor and in the […] [Read More]

We’re beginning 2017 by engaging the industry again with one of our most successful projects — The CEO Issue. In an ongoing effort to recognize the chief executive officers who are flourishing in today’s competitive marketplace, SubPrime Auto Finance News is asking the industry to nominate the CEOs of subprime auto finance companies and their […] [Read More]

Jim Hallett, KAR Auction Services chairman and chief executive officer gave a keynote address during the Fleet Europe Remarketing Forum in Barcelona on Nov. 15.  “The European auto remarketing industry is rapidly evolving. Economic trends, shifting demographics and rising customer expectations are accelerating change – and opportunity for new entrants and disruptors,” said Hallett in comments […] [Read More]