Online vehicle auction company Copart has furthered its international reach, this time with the opening of its first location in the Republic of Ireland. This new location, just outside of Carlow in Castledermot, will serve as the base for Copart’s new Ireland auctions and is the latest expansion across Europe following the company’s entry into […] [Read More]

RouteOne moved within a month to pick a new chief executive officer, elevating one of its executives who has been with the company since its inception. RouteOne’s board of directors named Justin Oesterle as CEO, insisting that he will continue to execute the company’s focused mission of providing systems and services of choice to dealers […] [Read More]

Subprime auto finance provider Western Funding has a new underwriting system that the company claims will cut the time of getting funds to dealerships in half. The company recently announced the release of its new automated underwriting system, which is designed to improve the verification, processing and management of deals and adds automated queues and workflows […] [Read More]

TradeRev, a mobile vehicle appraisal and auctioning system for dealers, has hired Jason McClenahan as Northeast regional sales director. McClenahan will be responsible for leading and growing the sales team and driving the expansion of the TradeRev presence throughout the northeastern U.S. He also will help manage the company’s partnerships with local dealership groups, including […] [Read More]

Auction Academy, a continuing education program developed by TPC Management Co. for professionals in the auto industry, reports that the first half of the 2016 academic year has been a success. In February, Auction Academy rolled out a full schedule of its new quarterly Seminar Series, the first of which was its Dealer Sales session. […] [Read More]

Four of the operators who attended the 18th annual National BHPH Conference hosted by the National Alliance of Buy-Here, Pay-Here Dealers last week offered glowing assessments of what they took away from the Wynn Resort & Casino in Las Vegas. More than 70 speakers and panelists discussed important subjects collected under the theme of “Navigating […] [Read More]

Industry-wide certified pre-owned sales for May hadn’t been reported as of Thursday afternoon, but here is what we know so far, based on individual automaker sales reports. Kia sold 6,359 certified vehicles in May, up 12.1 percent year-over-year. Sales through five months, which have reached 29,525, were up by the same percentage. Mazda sold 3,178 […] [Read More]

With retail prices rising, Experian Automotive reported the average loan amount and monthly payment for used and new vehicles continued to trend upward. According to its most recent State of the Automotive Finance Market report, Experian indicated on Thursday that the average loan amount for a new vehicle reached $30,032, an all-time high. Meanwhile, the […] [Read More]

About the time Memorial Day rolls around, it seems prices for subcompact cars take a major tumble. Black Book now has seen weekly depreciation for these gas sippers drop by close to 1 percent or more at this point on the calendar for three years in a row. Last week — which was week No. […] [Read More]

On Thursday, more details emerged as to which specific makes and models are associated with the ongoing Takata airbag recall. Coming on the heels of a U.S. Senate report detailing how new models are being assembled with airbags that eventually will need to be replaced, the National Highway Traffic Safety Administration posted recall documents connected […] [Read More]