Teledata Communications (TCI), a provider of cloud-based loan origination solutions, hired Mark Gleason this week as director of sales for the consumer finance industry. In this capacity, TCI highlighted that Gleason will oversee the company’s sales activities in this expanding marketplace. Based in Costa Mesa, Calif., Gleason brings more than 10 years of experience in […] [Read More]

Lithia Motors finished 2015 with full-year and fourth-quarter used sales both up by double digits, and the dealer group also experienced a spike in new-car sales, as well. The company said Wednesday morning it sold a total of 24,010 used vehicles during the fourth quarter of last year, up by 11.4 percent from the same period of 2014. And […] [Read More]

St. Louis. Austin. New Orleans. Memphis. Nashville. Those might be pushpins on a barbecue- and gumbo-stained road map to music’s meccas, but they're also a sampling of cities where consumers are having the best experiences shopping for a car at the dealership.  CarGurus recently released a study ranking the top 10 cities with the most satisfied car shoppers, based on […] [Read More]

Edmunds.com named over 800 car dealerships as recipients of its fourth-annual Five Star Dealer Awards on Tuesday. According to the company, the awards recognize the car dealers that earned the highest overall rating for customer satisfaction in Edmunds.com’s dealer “sales ratings.” "Providing excellent customer satisfaction has never been more important than it is in today's […] [Read More]

The year began with lease credit approvals down, but levels are rising slowly from December lows. That's according to trends Swapalease.com spotted on its own site, as the company said car lease credit approvals started the year off lower than trends showed during the last two quarters of 2015. But January’s performance definitely showed an improvement from the December […] [Read More]

Remarketing of America announced the recipient of its second annual national auction of the year honor, known as the ROA BlueAward. Based on a ranking of auctions in several key performance areas, this year’s ROA BlueAward winner is Manheim New Mexico. “We are pleased to present the Manheim New Mexico auction house with the ROA BlueAward, […] [Read More]

Reynolds and Reynolds announced Tuesday that it has acquired ReverseRisk, a Web-based analytics reporting platform for automotive dealers. ReverseRisk will be added as part of the Reynolds Retail Management System portfolio of solutions and can be used by any dealership regardless of their DMS. According to the company, the platform delivers business information and analytics […] [Read More]

Last week in the lanes brought continued strength in the majority of the car segments, save for one: the subcompact cars. And among the trucks, the full-size pickups experienced some softness this past week. Although the subcompact car segment had been recovering a bit from 2015 lows, it experienced a significant price decline last week, […] [Read More]

Organizers for this year’s North American Repossessors Summit (NARS), an industry event hosted by American Recovery Association and Harding Brooks Insurance, recently announced that all exhibitor spots for its eighth annual event are sold. The organizations indicated the high interest of exhibitors combined with record-high numbers of early bird registrants is setting up NARS 2016 […] [Read More]

“Why should I buy this vehicle with a CPO warranty over, say, anything else?” If you’re a dealer on a franchised lot, you've most likely faced that question. As part of Auto Remarketing’s annual “Best CPO Dealers in the United States” special edition, we connected with some of the top-selling franchised dealers in the CPO space, to […] [Read More]