The National Automobile Dealers Association chose an appropriate time to conduct its Washington Conference with all of the vehicle financing activity that percolated out of the nation’s capital last week. More than 500 franchised dealers and dealer association executives from across the country traveled to Capitol Hill for NADA’s event to attend briefings and meet […] [Read More]

Credit Acceptance recently completed a $75 million revolving secured warehouse facility with an institutional investor.  Under this facility, the company explained it will contribute loans to a wholly owned special purpose entity (SPE) and the SPE may borrow up to the lesser of 80 percent of the net book value of the contributed loans or $75.0 million […] [Read More]

Just one month after posting the first year-over-year decline since June 2014, the certified pre-owned market closed the second-best quarter on record with more than 211,000 sales in September. According to Autodata Corp, the estimated 211,083 CPO cars sold during the month represented a 12.1-percent year-over-year increase. That pushed the third-quarter figure to 653,383 units, […] [Read More]

Cox Automotive Canada is broadening its offerings in Western Canada as Manheim Vancouver is set to host its first dealer sale this week. To meet customer demand for an expanded presence in the West, the company said, Manheim Vancouver will be hosting its inaugural dealer sale tomorrow at 10 a.m. The sale will be held at […] [Read More]

It wasn’t the first question Auto Remarketing asked Sandy Schwartz in a one-on-one phone interview Thursday afternoon, but it figures to be on the minds of many: What’s next for Cox Automotive? “I’m trying to catch my breath. I want to get a nap this afternoon,” said Schwartz. Given all the projects in which his […] [Read More]

The Costco Auto Program predicts its holiday promotions will be even more successful this year, after recording the highest sales the program has seen during its winter 2014 special offer. This time around, Costco is partnering once again with General Motors for the seasonal promotion, and it projects 20-percent growth in vehicle sales compared to […] [Read More]

A handful of photos taken at the time of your customers’ deliveries could help drive up your word-of-mouth leads and repeat service. That’s the aim of Vboost’s recently improved “customercials,” which create a short photo package video for your customers that can be easily distributed and shared online and via social media. The company says […] [Read More]

Insurance Auto Auctions recently launched what the company dubbed the IAA Total Loss Solutions, a suite of products that executives highlighted can directly impact the opportunities to improve customer satisfaction and more effectively manage costs during the total loss claims process. The first two product lines the company rolled out are IAA Inspection Services and […] [Read More]

Data-mining and sales-generation platform AutoAlert announced Thursday that it has combined its efforts with MotoFuze. The latter is best known for FuzeCast, its customer experience management (CEM) solution, that can combine content marketing, reputation management, social selling, employee engagement and dealership communication and integrate with any existing customer relationship management solution. Through their partnership, the two companies […] [Read More]

Two major service providers for buy-here, pay-here dealers — PassTime and Frazer — each finalized enhancements to their technological offerings. First at PassTime, the company introduced the fourth version of its popular GPS tracking system TRAX 4, which boasts an all new design and a smaller form factor.  PassTime highlighted TRAX was first introduced in […] [Read More]