One word sums it up for the team at AIM Experts, a new inventory management company that arrived on the scene in 2014: automation. Rick Balkan, president of the company that features a Web portal designed to simply online inventory listings for dealers, described the offering like this: “We have built a system that is […] [Read More]

In a continuing effort to increase transparency in the used-car buying market as well as create new strategic partnerships for the company, CarProof announced this week it has teamed up with British Columbia’s OpenRoad Auto Group. CarProof and the fast-growing dealer group plan to jointly conduct extensive consumer research in an effort to “define the […] [Read More]

Three years ago, I was getting ready to go to my first Used Car Week, which was taking place, coincidentally, at The Phoenician. Jonathan Fredin, our chief photographer here at Cherokee Media Group, told to me expect lots of food throughout the five-day conference series. This, of course, was music to my ears. (And, by […] [Read More]

The arm’s race in the direct-to-consumer and peer-to-peer online used-car space has gotten a spark this year, with big investments, geographic expansion and other growth moves. So far, much of the buzz has been centered on what these companies are offering consumers. But one platform, in particular — New York- and Dallas-based Vroom — is […] [Read More]

National independent third-party inspection company Alliance Inspection Management announced Tuesday the appointment of a new national director of new car and claims management accounts. Taking on the role is Susan Yee, a former 20-year veteran of General Motors. According to the company, in the new position, Yee will be responsible for directing the day-to-day new-car sales […] [Read More]

Wholesale prices in Canada have risen almost every month this year, but the tides began turning a bit in September when prices declined by 0.6 percent. And rates took another dip this past month. After being adjusted for seasonality, the ADESA Canada Used Vehicle Price Index, which is powered by ALG, showed October prices dropped […] [Read More]

Before reaching a settlement with the Massachusetts attorney general who alleged the finance company charged “excessive” interest rates on its subprime vehicle installment contracts, Santander Consumer USA chief executive officer Jason Kulas discussed three specific industry-wide factors that impacted its third-quarter performance. During Q3, SCUSA reported that total originations came in at more than $7.6 […] [Read More]

Dealertrack Technologies associate counsel for regulatory and compliance Randy Henrick will be hosting another free webinar to discuss updated rules and the latest enforcement actions brought against dealers by the Federal Trade Commission. During the session titled, “Dealer Advertising: New Media, New Rules, New Enforcement,” Henrick will also share best practices associated with dealer advertising […] [Read More]

TD Auto Finance U.S. — the auto financing business unit of TD Bank — recently shared its plans to consolidate its contact centers in the U.S. Officials explained the action is expected to capture efficiencies, expand service to dealer customers and support further growth. The consolidation will result in the closure of TD Auto Finance's […] [Read More]

After strong used pickup prices contributed to wholesale prices rising in the lanes in October, the tides quickly turned this month as seasonality is taking its toll. During the first week of November, truck prices took the biggest hit seen this year — and last week, prices took another hefty plunge. According to the latest […] [Read More]