Customer contact management and dealership software provider ELEAD1ONE this week extended its pledge of ongoing donations to support the Oakland California Youth Outreach (OCYO) throughout the remainder of the year. Officials indicated the donations help fund case management services provided to high-risk youth and young adults in the central and east areas of Oakland, Calif. […] [Read More]

When the cross-bidding capability within the multiplatform wholesale environment comes to fruition, said ARI’s Bob Graham, it will mark the most significant innovation since the Internet in terms of impact to the remarketing industry. “Cross-bidding among platforms will exponentially increase the opportunity for a seller to sell their vehicle faster and for a higher sales […] [Read More]

The multiplatform system initiative is not only the hottest topic in the remarketing industry right now, but it’s also perhaps the most complex, with an onion’s worth of layers involving handfuls of providers, players, participants and perspectives. Auto Remarketing has been following this story closely and sought out several directly involved and others willing to […] [Read More]

The International Automotive Remarketers Alliance has issued its own statement on the multiplatform system initiative, providing the following to Auto Remarketing shortly before 11:20 a.m. (EST) Thursday morning: “In light of recent announcements, the Executive Committee of IARA has issued a statement to reinforce its position on MPS. The International Automotive Remarketers Alliance is committed to […] [Read More]

The Ontario Motor Vehicle Industry Council announced Wednesday that it has brought curbsiding charges against a Toronto-area group who was also allegedly selling vehicles without disclosing previous accident damage. The group – 2141212 Ontario Corporation, operating as Monterey Auto Repair – included Amilcar Luis Monte Rey Nunez, Anibal Salomon Monte Rey Rios, Sergio Ruben Monte […] [Read More]

A total of 28 of the 31 commercial banks passed the Federal Reserve’s Comprehensive Capital Analysis and Review (CCAR), including several institutions with significant auto finance market share such as Ally Financial, Capital One, Chase and Wells Fargo. While the Fed gave tentative support for Bank of America, officials on Wednesday objected to two firms’ […] [Read More]

In the latest development surrounding the remarketing industry’s multiplatform system initiative (MPS), Manheim and several other industry participants filed a request Thursday morning with the U.S. Department of Justice. The filing, Manheim said in its announcement, requests confirmation from DOJ that MPS complies with antitrust laws. Beyond Manheim, industry participants include: — Independent digital auction […] [Read More]

With now being the heart of tax season — for buy-here, pay-here dealers to move metal as well as complete business filings with the IRS — AutoStar Solutions offered five accounting practices operators should implement if they haven’t already. Senior business analyst Steve Hall shared what he called a “realistic game plan” for BHPH operators […] [Read More]

Brasher’s Sacramento Auto Auction announced it is “rolling out the red carpet” for its 37th Anniversary Celebration on March 23 and March 24. The event festivities will include a customer dinner, live entertainment and two days of auctions featuring 3,000 vehicles. The anniversary event will begin with “Brasher’s Live!” when the auction will entertain customers […] [Read More]

In what should be music to the ears of franchised store principles and industry leaders, a new study orchestrated by the Phoenix Center highlighted how much consumers benefit from the dealership system currently in place. The study found consumers significantly benefit from "intrabrand" price competition for new vehicles — often in the hundreds of dollars […] [Read More]