At last week’s Auto Remarketing Canada Conference, dealer-to-dealer auctions were a hot topic as new marketplaces have been popping up right and left, providing more wholesale options for buyers. After a dealer-to-dealer marketplace focused panel, Auto Remarketing Canada caught up with Cheryl Munce, chief executive consultant at ALTESO, to shed some light on the factors […] [Read More]

TransUnion Canada announced this week that it has named Paul Devereaux as the vice president of financial services. Devereaux, who brings more than 25 years of experience in business development and sales to the position, will be responsible for leading the financial services team throughout TransUnion’s expansion in the Canadian market. “Paul brings extensive experience […] [Read More]

In an effort to help dealers monitor their floor-planning resources more efficiently, NextGear Capital recently announced that it added Kelley Blue Book values to its myNextGear Web and mobile applications. As a result of this integration between the two Cox Automotive business units, NextGear Capital customers can now receive current market-reflective values at no additional […] [Read More]

Reviews have literally changed the way consumers find your business, whether you’re a car dealership or a dentist. According to a survey by Dimensional Research, a staggering 90 percent of respondents said that a positive review influenced their purchase decision. More challenging for dealerships is the notion that the sheer number of reviews plays significantly in the […] [Read More]

With dealerships nationwide clamoring for more qualified technicians, a pair of high school students from Pennsylvania likely will be high in demand after finishing in first place at the 2015 National Automotive Technology Competition. The first team from the Keystone State to win the competition included Tony Litz and Nick Schroeder, students at Wallenpaupack Area […] [Read More]

Spring might seem to have barely started weather-wise in places such as Michigan that saw snow flurries as recently as seven days ago. But according to the latest edition of Black Book Market Insights, spring might well be nearly finished in the auction lanes. Black Book editors acknowledged that they began to see signs of […] [Read More]

Ford Motor Co. issued four safety recalls in North America on Wednesday. Only one accident and no injuries are known to be related to the recalls. The vehicles recalled are as follows, according to Ford. 2015 Lincoln MKZ A compliance recall is active for certain 2015 Lincoln MKZ vehicles made between Feb. 17, 2014 and […] [Read More]

InformationWeek has announced the honorees of its annual InformationWeek Elite 100, showcasing companies it sees as the most innovative users of business technology. Six companies in the automotive sector were honored this year, including the following: 50. General Motors 61. Donlen Group 62. Toyota Motor Corp. USA Inc. 63. ARI 79. Penske Truck Leasing Co. […] [Read More]

Barring a few exceptions, consumer interest has largely turned to sportier models as the weather continues to warm. In fact, demand for these models, many of which have convertible options, prompted Autotrader senior analyst Michelle Krebs to say the following: “Spring has arrived, and car buyers’ desires have turned to sporty cars.” The majority of […] [Read More]

Ally Financial chief executive officer Jeffrey Brown pledged that the company would maintain positive performances despite a huge volume of originations no longer coming its way from General Motors and Chrysler. Now, Brown contends he has Ally’s first-quarter results to back up his assertions. The company’s auto financing originations for the first quarter remained strong […] [Read More]