Nationwide recovery management services provider Millennium Capital and Recovery Corp. recently hired Alison Kinnear as general counsel and chief compliance officer. Millennium indicated Kinnear will lead the company’s in-house legal and compliance activities. President Jayne Bronchetti highlighted the addition of Kinnear will further serve to strengthen the Millennium’s compliance monitoring and training program for its […] [Read More]

In an effort to give finance managers more options to present to vehicle buyers, Inilex recently announced that its SkyLINK theft-recovery system has been selected by Reynolds and Reynolds as part of the Reynolds Certified Interface (RCI) Program. The provider of telemetry solutions for vehicles explained this certification means that SkyLINK can seamlessly interface and securely […] [Read More]

Cox Automotive added to its industry portfolio this morning, announcing that it will acquire Dealertrack Technologies in an all-cash transaction valued at $4 billion, or $63.25 per share. Officials indicated the acquisition is subject to a minimum tender of at least a majority of the outstanding Dealertrack common shares and customary closing conditions, and is expected […] [Read More]

Dealers who use PBS Systems’ dealer management system software now have a new tool to reach customers in the service department. PBS Systems Inc. recently announced a partnership with Xtime, a customer retention solution for dealerships. Now, dealers using the PBS DMS  will have access to a “bidirectional data exchange” with the Xtime Retention System, […] [Read More]

There has been a change at the top when it comes to the add-on features that CarMax’s used-car buyers most often purchase. The best-selling add-on for these used-car buyers is now leather interior, according to CarMax sales data analyzed in the company’s 2015 Used Car Shopping Report. Remote start technology was the most popular add-on […] [Read More]

With customers shopping online more and more, most dealers are already very familiar with the term multi-channel, as the ways shoppers search for cars online are increasing daily, as well as the devices they use. But a new report from Ernst & Young takes it a step further. The company’s Future of Automotive Retail report […] [Read More]

Greg Penske, chairman and chief executive officer of Penske Motor Group (PMG) has been named as one of the highest-rated CEOs among small and medium companies by Glassdoor, a jobs and careers marketplace, which released its annual report recognizing this year’s top leaders in companies throughout North America and Europe. Officials explained that CEO approval […] [Read More]

As part of our “Top 100 Used Car Dealers: Franchised Edition" issue of Auto Remarketing, we asked some of the nation’s leading franchised stores about the challenges they face in the pre-owned market and the strategies they use to overcome those hurdles. Below is what four of the Top Franchised Dealers had to say. Starting in the Midwest, […] [Read More]

The National Independent Automobile Dealers Association announced today that Cooper Tire has joined NIADA as the association’s newest National Member Benefit Partner. Cooper Tire, which is the fourth-largest tire manufacturer in the world, will offer a lucrative tire sales/service member benefit program for NIADA members. “Cooper is an excellent partner and we are proud to […] [Read More]

While a pair of industry associations indicated they weren’t blindsided when the Consumer Financial Protection Bureau released its final larger participant rule this week, an attorney with more than 30 years of experience cautioned finance company executives about not ignoring an important portion of what the CFPB emphasized. Along with the National Automotive Finance Association […] [Read More]