Before Beepi launched in April 2014 as “one of the first ways to completely buy or sell a car online,” questions remained as to whether the general public was ready for this type of platform, says head of product Tyler Infelise. “But, resoundingly, the answer was, ‘yes, they were,” Infelise said in a phone interview […] [Read More]

Unless you’ve been living under a 2-ton truck, you likely haven’t missed the news that leasing hit a high during the first quarter this year, surpassing 30 percent of all new-vehicle transactions. Given that information, you’ve likely thought about what happens as all these off-lease vehicles start returning to the market in droves. Here at […] [Read More]

Integrated Auction Solutions has purchased AWG Simulcast and AuctionMaster Technology. The company announced the acquisition of AWG, a simulcast provider to independent auctions, and AMT, an auction management system, on Thursday. “Our corporate mission has long been to protect the interests of independent auction owners,” IAS chief executive officer Alexis Jacobs said in a news […] [Read More]

ADESA has promoted two within its dealer services team. C.J. Lopez, previously major dealer accounts manager, has been promoted to director of major dealer accounts. Kjersta Loyd, formerly general sales manager of ADESA Golden Gate, has been promoted to regional dealer sales manager for the Mideast/Midwest regions. Both positions will report to Steve Dudash, vice president […] [Read More]

Used-car leasing is still a small slice of the market, according to Experian Automotive data, which indicates that used cars comprised 3.98 percent of the lease market in the first quarter. However, that’s up from a 3.90-percent share of the market in Q1 2015, which is more than a 2-percent rise, Experian said. While that’s […] [Read More]

As part of a series of senior management appointments the automaker has made in its North American organization, Nissan Canada will have a new director of dealer network development effective July 1. Appointed to the position is Ken Hearn, currently regional general manager at Nissan Canada. Hearn replaces Vincent Boerhof, who became general manager for […] [Read More]

Technology is changing the way used-vehicle buyers shop.  As such, CARPROOF set out to take a fresh look at what carries consumers from "it's time to buy" to keys in hand. The results, detailed in the newly released Into the Minds of Consumers report, shows that the path to purchase is paved with two type of […] [Read More]

SubPrime Auto Finance News has learned Dealer Funding — a finance company specializing in subprime auto financing for both franchised and independent dealerships — “has paused all new business activities as part of an evaluation of its ongoing business operations.” According to a note we obtained that Dealer Funding sent to its network of dealers […] [Read More]

Look for June to be a strong month for the retail used-car market. According to TrueCar, there may be more than 3.24 million used-vehicle sales this month, which would beat June 2015 figures by 5.5 percent. Those numbers in TrueCar’s forecast include franchised and independent dealers and sales between private parties. In the first five […] [Read More]

When dealerships, finance companies and automotive experts discuss how much better vehicles are nowadays compared to 10 or 20 years ago, it’s not just a possible sales pitch or industry rallying cry. With a South Korean badge leading the way, the J.D. Power 2016 U.S. Initial Quality Study (IQS) released on Wednesday showed that new-vehicle […] [Read More]