Dealer-to-dealer auction system TradeRev announced it has reached an important milestone as well as what it is calling accelerated traction with dealers. The company has posted its 100,000th vehicle to the TradeRev system, president and co-founder Mark Endras shared, who was also honored as a member of Auto Remarketing Canada’s inaugural class of “Remarketing’s 40 […] [Read More]

Contrary to what happens most times when the S&P/Experian Consumer Credit Default Indices are updated, the auto loan component made a move upward on a sequential basis while the other four elements watched by S&P Dow Jones Indices and Experian either stayed flat or declined. However, analysts called the auto loan default uptick “scant” since it […] [Read More]

Safe-Guard Canada announced it is expanding its offerings with a new office outside Toronto, which opened its doors Monday. The company relocated to a new office in Mississauga, Ontario in an effort to better service clients such as Honda Financial Services, Mercedes-Benz Financial Services, Nissan Canada Extended Services Inc., Porsche Financial Services and North American […] [Read More]

AutoNation’s store count now is on track to surpass 250. The dealer group today announced that it has signed agreements to acquire 13 stores in Georgia, Alabama and Tennessee from Carl Gregory Enterprises and a trio of stores in the Baltimore market from Valley Motors Auto Group, representing over $600 million in combined annual revenue. […] [Read More]

Transparency. Education. Information. Repeat. Unless you’ve been living under a rock, it’s pretty clear that the Consumer Financial Protection Bureau expects consumers to receive these things from their financial service providers. Earlier this month, the CFPB once again demonstrated this when publishing a report on its “Know Before you Owe” electronic closing (eClosing) project that […] [Read More]

CDK Global hosted more than 200 of the best programmers, coders and graphic designers in Portland, Ore., during its recent Summer Hack-a-thon. Being CDK’s fourth Hack-a-thon event, CDK aimed to bring together associates and summer interns to invent new ways the company can leverage technology to benefit the company’s dealer clients. Over the course of five […] [Read More]

Auto transportation and logistics company Jack Cooper announced Monday that it raised over $20,000 for local charities from hosting a recent day-long volunteer event for its employees and company partners. The Used Car Week sponsor says the proceeds will benefit seven charities in the Atlanta metro area and were raised from over 150 volunteers from […] [Read More]

Take a quick drive through most communities with more than a few traffic lights and you’ll likely find what dealers might describe as “car row.” You know; it’s that stretch of retail-filled highway where franchised stores especially are clustered together. Well, a wide array of companies are bolstering their resources to take on “this new […] [Read More]

Dealer management system provider Autosoft Inc. announced Monday it has expanded its DMS program to offer dealers more choices. The company revealed the release of new APIs (application programming interface) for third-party service software providers to facilitate integrations with its FLEX dealer management system. Company management explained these APIs will allow service software providers to […] [Read More]

Two OEMS — FCA Canada and Mazda — both announced enhancements to their service departments on Monday. First up, the new Mopar Service Capacity Analyzer is being adopted by FCA US dealerships to assist in planning and handling current and future customer service demands. Mopar describes the new online tool that helps dealers to assess, […] [Read More]