If you needed another sign of the automotive market’s momentum — on top of growing new and used sales — hiring is on the upswing, as well. Edmunds.com announced it will be hiring for 100 new positions in the coming weeks, in light of the company’s recent growth. The news comes as the auto industry […] [Read More]

FCA Canada Inc. is returning to the leasing business through a partnership with Ontario-based SCI Lease Corp. The two companies will be offering a leasing option for shoppers on all FCA nameplates: Chrysler, Dodge, Jeep, Ram, Fiat and Alfa Romeo. FCA Canada and SCI Lease Corp. have been working over the course of year to […] [Read More]

Wholesale prices were on the way down last month due in part to a lessening in demand, but according to Black Book data, depreciation varied widely based on vehicle size. Black Book reported the average price of used vehicles for model years 2010-2014 declined by 2.6 percent last month, which was up significantly from the […] [Read More]

TransUnion’s Industry Insights Report found that outstanding auto loan balances surpassed $1 trillion in the third quarter, an 11.1 percent jump year-over-year. But contract holders appear to be maintaining their payments on that growing balance total since delinquencies — the rate of borrowers 60 days or more delinquent on their account — continue to remain […] [Read More]

Dealer’s Auto Auction of Huntsville brought its year-to-date tally of charitable donations over $80,000 following its recent donation to the Make-A-Wish Foundation that was announced on Thursday. During a fundraising sale benefiting Make-A-Wish supported by local dignitaries and civic leaders along with dealers, the event raked in $32,775 in donations. “For the past several years, […] [Read More]

Auction volume continued on an upward trajectory last month, following a trend the industry has been watching for most of the year. According to the latest Guidelines report from NADA Used Car Guide, auction volume of vehicles up to 8 years old jumped up by 4 percent over the four-week period ending Oct. 26. This increase […] [Read More]

Dealers that fail to invest in consumer-facing technologies risk being trumped by competitors. That’s the message from J.D. Power following its 2015 U.S. Sales Satisfaction Index Study released on Thursday. J.D. Power’s study, in its 29th year, measures customer satisfaction with the sales experience for new-vehicle shoppers — for both buyers and non-buyers — to […] [Read More]

Auction Academy is expanding its Seminar Series for 2016, and will now include four individual sessions throughout the year. The inaugural session was held in the Chicago area in late July and focused on the role of digital managers at auction. “We felt there was a need in the industry for a shorter-term training program […] [Read More]

JM Family Enterprises president and chief executive officer Colin Brown recently promoted Ron Coombs to the position of senior vice president and chief financial officer, overseeing the company’s financial operations. Coombs joined JM Family in 1999 as vice president for one of its major business units, World Omni Financial Corp. In 2001, he was promoted […] [Read More]

Reynolds and Reynolds recently highlighted that its F&I Libraries now cover 16 states as the company established the Reynolds LAW Arizona F&I Library. Reynolds reiterated that the library is a comprehensive catalog of standardized, legally reviewed finance and insurance documents for dealers in Arizona. The documents in the LAW Arizona F&I Library are available in […] [Read More]