Subprime automotive financing technology firm Auto Credit Express has been acquired by Internet Brands — a company that includes vehicle listing provider CarsDirect — according to an announcement posted on Wednesday morning. Executives said the deal immediately bolsters Internet Brands’ presence in the subprime automotive category and creates one of North America’s largest full-service subprime automotive […] [Read More]

KAR Auction Services on Wednesday announced it has acquired GRS Remarketing Limited (GRS), a subsidiary of Greenhous Group Limited. “During the past 20 years, GRS has established a successful online vehicle remarketing business in the UK through robust technology, effective sales and operation, a healthy buyer network and strong relationships with commercial customers,” Jim Hallett, […] [Read More]

TechnoMetrica Market Intelligence didn’t have upbeat news for either dealerships or finance companies looking to turn new metal coming out of the holiday weekend. The firm’s Auto Demand Index (ADI) — which measures the intent of consumers to buy or lease a new vehicle within the next six months — registered a sharp decline in […] [Read More]

When DealerSocket’s Sam Rizek heard about the devastating wildfire in Fort McMurray, Alberta, early last month, he knew his company had to do something. So the director of sales and business development in Canada helped hatch a plan to donate 100 percent of setup fees collected from the company’s Canadian clients during May to that […] [Read More]

The dog days of summer are here. The typical BHPH dealer will sell 30 percent to 35 percent of their annual units in the first three months of the year. They will also realize about the same percentage of their annual profit in the first quarter. So, if you got off to a slow start […] [Read More]

Autobytel crisscrossed the country to find its “Dealers of the Month” for the first quarter of 2016, and found three managers with more than 70 years of experience in the automotive business. The company named Jill Scollo, business development center manager at Rothrock Motor Sales; Bill Burns, BDC manager at Taylor Kia of Boardman; and […] [Read More]

After being acquired by KAR Auction Services last June, Autoniq found a new vice president within the KAR family. Nicole Archer, the director of strategic projects at ADESA, will now be the VP of Autoniq, the company announced Monday. She will be in charge of expanding awareness of the company’s web service and smartphone application, […] [Read More]

Used-vehicle leasing may be having a moment. According to a recent survey by Swapalease.com, 78.7 percent of drivers would consider leasing a used car or truck, and 74 percent of dealers indicated that used lease offers may help or definitely would help move the influx of leases coming back onto their lots. A majority of drivers (75 […] [Read More]

Recall Masters has launched a Rental Car Fleet Monitoring Service that provides daily alerts about vehicle recalls. SMART Reports help rental car agencies speed up the identification and prioritization of grounding and repairing any recalled vehicles, minimizing downtime and maximizing consumer safety. According to Christopher Miller, president of Recall Masters, car rental agencies are increasingly […] [Read More]

Successful chief executive officers often emphasize that their companies are only as successful as the quality and dedication of their managers and other crucial personnel. In an effort to highlight the critical team members who are helping finance companies, dealerships and other service providers flourish as well as those professionals who are making an impact […] [Read More]