There were 10.14 million used-vehicle retail sales in the first three months of the year, according to Edmunds.com, which said this was the best first quarter since 2012. It also beats year-ago figures by 3.4 percent, the company said in its Q1 2016 Used Vehicle Market Report released last week. Franchised dealers were particularly strong, […] [Read More]

ADESA has announced management promotions at two auction locations. Jay Hinchman, former general manager at ADESA Las Vegas, and Geoff Parker, former general manager at ADESA Cincinnati/Dayton, were both recently promoted to regional vice presidents to oversee the company’s new Midwest and Mideast auction regions, respectively. Brenda Aden, former assistant general manager of ADESA Las Vegas, […] [Read More]

TrueCar has hired former Autotrader executive Paul Edmonds as its senior vice president of dealer marketing and operations. His most recent post was at RiskIQ, an external threat Internet security company where he had been since December 2014. Prior to that, Edmonds had been in various roles with Autotrader and Trader Publishing Co. for 15 years. […] [Read More]

DMS provider Wayne Reaves Software rolled out an enhancement to its current platform that can provide the capability for buy-here, pay-here dealers to furnish credit data to Equifax. The companies highlighted on Monday that the technology enhancement allows for a streamlined reporting process, using a program provided by Equifax together with the National Independent Automotive […] [Read More]

Slater Moffat Associates, an accounting firm with more than 30 years of experience helping businesses reduce their tax liability, recently found a state tax policy that might help auto finance companies. The firm indicated finance companies that have experienced bad debt losses in some cases are entitled to a proportional refund of the sales tax […] [Read More]

AutoFi, an online point-of-sale financing solution meant to leverage potential buyers’ interest when they’re on the dealership website, recently announced that it raised $17 million in new financing and is live in the market.  Crosslink Capital led the investment and was joined by Lerer Hippeau Ventures, Bruce Toll, founder of Toll Brothers, and other early […] [Read More]

Alliance Inspection Management has hired Jeff Gaetz as vice president of auction operations. Gaetz will oversee and manage all of AiM’s vehicle inspection operations at auction sites throughout the United States. He also will manage AiM’s nationwide network of auction inspections and operations as well as supporting customer relationships throughout the U.S. and Canada. Additionally, he […] [Read More]

ServNet has added another auction to its ranks and brought on two additional board members, the auction group announced Monday. Following the spring meeting of ServNet owners, president Kevin Brown said that North Bay Auto Auction had joined the group. “I am very pleased to report that ServNet will be represented in Northern California by […] [Read More]

Car dealer review website DealerRater announced the release of the iOS version of the DealerRater for Dealers App. The app, part of the company’s CertifiedEssentials reputation-management program, helps dealership employees sell more cars by connecting them directly with shoppers who are deciding where to purchase a vehicle. The DealerRater app facilitates online conversations between buyers […] [Read More]

On a Monday in late April 2015, Auction Direct USA announced that it was partnering with the National Independent Automobile Dealers Association to offer NIADA Certified Pre-Owned vehicles at its stores. A few days later, NIADA and Auction Direct leaders gathered at the latter’s Raleigh, N.C., store for a ceremony to celebrate the partnership. Auction […] [Read More]