Digital marketing firms have been encouraging dealerships to utilize tools such as blogs to engage shoppers as well as improve search results for years now. But why stop at one? That’s the question Steve Arsenault, chief executive officer of OneBigBroadcast.com, poses to his digital marketing customers. “What we have found over the years is that […] [Read More]

Dealer's Auto Auction of Huntsville, as well as Dealers Auto Auction of the Southwest, have recently received awards of various types, including organizational and individual acknowledgments. DAA of Huntsville announced Thursday that it was recognized as the Outstanding Promotion Event East Region Top Auction for 2015 during the Remarketing by Element awards ceremony at the […] [Read More]

KAR Auction Services announced the appointment of two new vice presidents on Friday. The company outlined that Toby Hahn has been hired as its new vice president of total rewards while Brad Jokovich has been promoted to the position of vice president of human resources. Jim Hallett, the company’s chairman and chief executive officer, welcomed […] [Read More]

CDK Global chief executive officer Steven Anenen will step down from his leadership post on June 30, the company announced, and taking on the CEO role will be Brian MacDonald, a current member of CDK’s board of directors. The company laid out its leadership transition plan in a news release on Friday, explaining that MacDonald will […] [Read More]

Looking back on November’s wholesale results, the picture painted is very much similar to previous months: Average auction prices were up month-over-month but flat year-over-year. And the uptick was largely due to truck prices. Wholesale vehicle prices in November averaged $9,883, an increase of 1.1 percent compared to October. This was 0.1 percent higher than year-ago figures. […] [Read More]

On the final page of its Q3 2015 Used Vehicle Market Report, Edmunds.com provides a pair of graphs that give a glimpse of the future in store for used-car inventory. The second of those graphs shows the combined OEM sales to rental fleets and leases in each of the five years prior to 2015. As you […] [Read More]

Veteran F&I managers might remember a time when stretching terms beyond 36 months to complete the financing for a used-vehicle installment contract seemed outlandish. Now getting deals bought and used models delivered with terms double that term length is more commonplace. In its Q3 Used Vehicle Market Report, Edmunds.com provided further evidence to the degree […] [Read More]

Occurring in part because of the concentration of finance companies in the area, the National Automotive Finance Association is hosting the next in-person session to create another cohort enrolled in its Consumer Credit Compliance Certification program in the Dallas area. The NAF Association will conduct the opening module of the four-part training endeavor at the […] [Read More]

Ally Financial announced this week that the finance company now will have full eContracting capabilities available to dealers nationwide through RouteOne’s indirect auto financing platform. Executives explained the solution can provide retail contract validation, signature and distribution — all done electronically. It is supported by open integrations to leading dealer management system (DMS) providers in […] [Read More]

The American Financial Services Association launched a completely redesigned website this week. AFSA officials highlighted their new website, designed in partnership with Engage Software headquartered in St. Louis, has a modern design and is constructed to be user friendly. “AFSA’s goal was to develop a site that will become the go-to source for consumer finance […] [Read More]