In an effort to give dealerships and independent shops more access to valuable information for their service business, Unotifi has integrated its customer relationship management (CRM) system with myCarfax Service Shop tools. Shops using Unotifi software can join the myCarfax Service Shop program and take advantage of free resources like Carfax Service History Check. In […] [Read More]

Auction Edge has announced significant upgrades to its Edge Simulcast platform — and the newly upgraded platform has a familiar name, with a familiar partner. Edge Simulcast — powered by Velocicast — is the result of decades of collaboration between Auction Edge and Auction Frontier, the original architects of the Edge Pipeline system. “I am […] [Read More]

Cox Automotive has promoted Amy Mills to senior vice president of strategy. In her new role, Mills will work closely with Cox Automotive’s executive leadership team to identify, execute and sustain strategic initiatives to increase the company’s growth and profitability. Mills previously served as vice president of global strategy, where she drove corporate strategic planning […] [Read More]

Integrated Auction Solutions said Sunday it has acquired an ownership stake in AuctionVcommerce, a company that provides online infrastructure support services that launched at Used Car Week 2015. The company declined to disclose the exact percentage of ownership it acquired. In a news release, IAS said that AuctionVcommerce will be brought into the IAS family […] [Read More]

RVI Group’s latest Market Update reveals that all vehicle segments saw used-car price declines in September as compared to a year ago. As a result, the RVI Used Vehicle Price Index decreased by 0.5 percent when compared to August. Compared to a year ago, the index was down by 4.3 percent. Adjusting for inflation, the […] [Read More]

F&I product provider JM&A Group recently entered into an agreement with Volvo Car USA to provide a full suite of branded F&I products for new and used vehicles to more than 300 Volvo dealers nationally. Through Volvo’s branded F&I program known as Volvo Increased Protection (VIP) Plans, JM&A will administer its F&I products. These will […] [Read More]

General Motors Financial generated the most North American originations in a single quarter ever while continuing to compile more prime paper than subprime contracts in the process. President and chief executive officer Dan Berce highlighted that the captive’s North American originations jumped to $3.4 billion during the third quarter, eclipsing the previous high mark of […] [Read More]

When it comes to maintaining auction values, the story during the third quarter was pickups, pickups, pickups. According to the latest Blue Book Market Report from Kelley Blue Book, the segment of 1- to 3-year-old vehicles with the best performing auction value was the full-size pickup, whose prices softened just 0.6 percent. Second was the […] [Read More]

Global auto sales rose by 10 percent in September — the biggest monthly gain in three years. According to Scotiabank’s recently release Global Auto Report, Asia led the way in September’s increase, with purchases of new vehicles climbing 21 percent higher than a year ago. China saw a 32-percent spike in volumes, marking that country’s […] [Read More]

Auto Remarketing and SubPrime Auto Finance News have announced the winner of this year’s Re3 Executive of the Year Award, which is being presented by Consolidated Asset Recovery Systems (CARS). The honoree who will be presented with the accolade at the Re3 Conference during Used Car Week is Jerry Shelby, who is the director of […] [Read More]