TRADER Corp. announced this week that it has put pen to paper to complete a publishing agreement with Mobials. The arrangement will allow for the integration of Mobials’ Reviewmii along with TRADER’s marketplace and website solutions. James Hayes, the chief executive officer and co-founder of Mobials, says the partnership is a first of its kind within […] [Read More]

Thanks in part to surging sales of 1- to 5-year-old vehicles — right in the wheelhouse of many certified pre-owned programs — the total value of all used cars sold industry-wide last month climbed more than 16 percent year-over-year and reached a whopping sum of $35.8 billion, according to CNW Research. The firm said in an […] [Read More]

Throughout most of 2014, trucks remained popular, but perhaps most notably, showed significantly stronger price retention than their smaller counterparts. And the story was no different during the last month of the year. The midsize pickups trucks, in particular, saw prices hold the strongest this past month out of all vehicle segments, according to Kelly Blue […] [Read More]

CarGurus recently released the list of the used vehicles that were the most popular with shoppers on its website. The top 10 list, based on the number of unique shoppers inquiring to dealer and private seller listings, ranked the results by models that had been searched for between Jan. 1, 2014 and the end of the […] [Read More]

The International Automotive Remarketers Alliance would like to remind its members to renew their memberships this month for the next year. Potential members can also sign up on the organization’s website. According to the organization, membership will help individuals improve their company’s performance, have a voice in the change in the industry, network with consignors […] [Read More]

NextGear Capital is ramping up its presence in Canada and announced this week it has hired a new vice president of Canadian operations. Roy Vandermeer has been chosen for the new VP role. In this role, Vandermeer will be responsible for the growth and management of NextGear Capital's Canadian division, the company’s statement said. "As […] [Read More]

Southern Auto Finance Co. (SAFCo) hired a former Exeter Finance Corp. executive to be its new senior vice president of risk management and credit policy. Tapped for this role was Karyn Lentz, who was most recently the executive vice president of risk management and chief credit officer at Exeter. While at Exeter, Lentz was responsible […] [Read More]

The National Independent Automobile Dealers Association and EFG Companies recently created a new strategic partnership to drive greater F&I profit opportunities for independent dealerships nationwide. NIADA tapped EFG as a national corporate partner so association members can leverage the company as a single-source provider for F&I products, services and administration that has almost 40 years […] [Read More]

In what the Chicago Automobile Trade Association is calling a rare triple winner — good for consumers, good for business, and good for government — the Windy City’s dealer organization highlighted four components of Illinois’ revamped state tax program associated with leased vehicles. Before the tax law change that went into effect Jan. 1, lessors […] [Read More]

Perhaps a factor helping to push outstanding auto loan balances toward the $1 trillion threshold is if the transaction price activity spotted by Kelley Blue Book analysts maintains the current rate. KBB reported on Monday that the estimated average transaction price (ATP) for light vehicles in the United States was $34,367 in December. New-vehicle prices […] [Read More]