Vcommerce announced this month that it will use a membership system to support its collaborative efforts to unite the brick-and-mortar auction industry. The organization was founded in June and soft launched its website on Labor Day. Founder Kelly Bianchi says that her platform aims to “bridge several gaps within the wholesale automotive industry” and is a natural […] [Read More]

There already have been multiple presidential candidate debates featuring Jeb Bush, Hillary Clinton and Donald Trump. If Americans’ vehicle choices are an indication of political preferences, then the majority of swing states will vote for a Republican candidate, according to a PureCars analysis of sales by color and body. CPO Forum participant PureCars, a provider […] [Read More]

The Prime Motor Group announced Friday its extensive expansion plans in Westwood and Rockland, Mass., with groundbreaking ceremonies having taken place in early October to make way for four new dealerships in the Boston area. Three of those four dealerships broke ground side by side on Oct. 1 in Westwood, making way for over 120,000 square […] [Read More]

All of our discussions focus on immigration, but I would like to explore a more business-oriented conversation regarding our industry and the ongoing restrictions to exporting used vehicles into the Mexican market. With new vehicles being built in and shipped from Mexico in the thousands each day to the U.S., why haven’t the industry PACs […] [Read More]

For dealerships, trade-ins are often a valuable — and coveted — source of quality used inventory. With that in mind, tech company CARPHORIA announced Monday it has grown its dealer services offering with a new tool: Trade-In Valet. The new tool is designed to help dealers capture more consumer trade-ins, and is based on consumer […] [Read More]

On a hot, sunny September afternoon in central Florida, Daniel Zendano of BMW Financial Services and Manheim Orlando account coordinator Edna Mack are out on the auction’s expansive lot. Zendano is making sure his company’s consignment is ready to run in an upcoming sale at the auction, taking care of any final touches before the […] [Read More]

Finance And Insurance Resources (FAIR) has partnered with KISS Concepts Group to release the Complete Asset Protection (CAP) program — what they believe is a first-of-its-kind, all-inclusive insurance program to protect the collateral of buy-here, pay-here dealers, lease-here, pay-here dealers, auto finance companies, banks, credit unions and related finance and lease companies.  The CAP program […] [Read More]

AutoCanada is adding two new Nissan points to its lineup, serving to further solidify its presence in the Ontario market. The company said on Monday it has reached an agreement to buy the operating assets of Hunt Club Nissan Ltd. — which owns and operates a Nissan dealership in Ottawa — from owner Jean Malouin. […] [Read More]

Is it time to revisit the definition of micro-management? I receive calls on a weekly basis from frustrated executives lamenting over the difficulty of finding good sales people. You may have heard these frustrations, too, including: — This new generation does not want to work hard. — They won’t put in the hours. — They […] [Read More]

Fitch Ratings recently published an updated asset-backed sector specific criteria report. Analysts indicated there have been no “material” changes from the previous version, so therefore Fitch expects no impact on outstanding ratings. The firm noted this report updates and replaces the prior criteria report with titled, Rating Criteria for U.S. Auto Loan ABS, dated April […] [Read More]