Copart, the global online vehicle remarketer, announced the expansion of its Newburgh, N. Y. location on Thursday. "Our recent expansions and openings of new locations across the country are a reflection of our vision to provide an unmatched experience, every day and everywhere that is driven by our people, process and technology," said Jay Adair, […] [Read More]

On Thursday, DealerSocket announced that after recently partnering with the insurance comparison website, FetchAQuote.com (Fetch), its newly released iDMS platform for independent dealers now allows dealer clients to easily use the site to find auto insurance for customers who have a hard time obtaining coverage. "Our independent dealers often work with customers who have no […] [Read More]

The Republicans control both the legislative and executive branches of government for only the third time since 1929, the previous times being 2001 and 2003 with President George W. Bush. It would seem to be an opportunity for an end to gridlock, assuming the Republicans can manage to unite themselves.While it may arguably also effectively […] [Read More]

As another year closes, buy-here, pay-here operators must focus on how to make next year better. The answers can’t be found in their year-end financial statements or even by reviewing unit sales numbers. This article will discuss what every operator should evaluate in order to improve performance and profitability as follows: 1. Indicators that your […] [Read More]

Boosting its presence in Texas, the XLerate Group on Thursday announced it has added a new member to its auction family with the acquisition of Lone Star Auto Auction (LSAA). Company leadership highlighted the Lubbock-based auction complements XLerate’s existing Texas locations in Dallas and El Paso as well as the two sites in Austin.  XLerate […] [Read More]

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]