AmTrust Financial Services recently completed of the acquisition of Warranty Solutions from Wells Fargo & Co. for approximately $158 million in cash. Officials indicated the transaction is expected to be immediately accretive, meaning it will add more value than the cost of the acquisition. The company recapped that Warranty Solutions designs, markets, administers and underwrites […] [Read More]

The latest move by the Department of Justice showed how crucial DealerSocket is to the Cox Automotive acquisition of Dealertrack Technologies being finalized. In order to prevent Cox Automotive from holding an estimated 86 percent market share of that service segment, DOJ officials announced late on Tuesday that it will require Cox Automotive to divest […] [Read More]

The Ken Garff Auto Group has added CarStory Market Reports to the websites of its nearly 50 dealerships. These reports embed research directly into the dealership VDP, with the aim of keeping consumers engaged on the site. Chad Bockius, a recipient in the inaugural Remarketing and Used Car 40 Under 40 and a speaker during the CPO Forum at Used […] [Read More]

Among the many auction awards presented during the National Auto Auction Association’s 67th annual convention in Orlando earlier this month includes the newest addition to the association’s Hall of Fame. Joining the prestigious group is Jay Cadigan, Manheim’s vice president of industry relations, who began his career four decades ago by working at a car […] [Read More]

In the latest development associated with the Volkswagen diesel vehicle matter, multiple online reports indicate that OEM leadership in Germany is making plans to modify up to 11 million units worldwide to correct the “defeat device” found by environmental regulators that circumvents emissions standards for certain air pollutants. How VW plans to modify the vehicles […] [Read More]

Avis Budget Group announced on Tuesday that more than 3,000 dealers have registered to date to participate in Avis Direct, the company's used-vehicle sales program designed exclusively for licensed dealers. Launched in February of last year, Avis Direct is designed to provide dealers with a dedicated website to buy late-model, off-rental vehicles from the Avis, […] [Read More]

It seems consumers were looking forward toward the winter-weather months when August rolled around. Medium- and heavy-duty pickup trucks were in high demand last month, and supply is waning. That's according to the latest installment of Autotrader Scarcity Data Analysis provided to Auto Remarketing that covers supply and demand of certified pre-owned and late-model used vehicles. In […] [Read More]

With Dealer Car Search’s new “website texting” feature for its website customers, the company aims to improve the line of online communication between customers and the dealership. That’s according to Rick Wilson, the chief executive officer at Dealer Car Search, whose website texting solution links interested customers online directly to a salesperson in the office […] [Read More]

If you’re a franchised dealer, there are four times more independent repair facilities competing for the same customers’ attentions when their vehicle needs service. That’s according to Xtime’s president Neal East, who says his company’s Marketing 7 solution can help target “lost souls,” or customers who have visited the service department but have not returned […] [Read More]

ADESA Toronto recently launched a new sale, dubbed, “2 O’Clock Tuesdays.” This new weekly offering has replaced the auction's Monday night sales. Auction management shared the new Tuesday sale, together with the auction’s Wednesday morning sale, will offer over 2,500 vehicles within 24 hours every week. The Tuesday afternoon sales will offer up to 450 vehicles, […] [Read More]