On Monday, the management team at Larry H. Miller Dealerships made its second acquisition in the Denver metro area this year and 10th acquisition in the last 18 months. Now the group’s eighth store in Colorado is Lakewood Fordland in Lakewood, Colo. Lakewood Fordland has been serving the Denver market since 1962, and recently celebrated […] [Read More]

As of last week, Ontario dealers now have another choice when acquiring and selling inventory online. TRADER Corp. has officially launched its dealer-to-dealer TRADER Exchange platform to the Ontario market. The new online auction product launched last week with 230 vehicles already available for auction. The tool is scheduled to launch in provinces across the country […] [Read More]

NextGear Capital recently announced that NextGear Floorplan Master Owner Trust successfully completed the sale of $433.333 million of privately placed 144A Asset-Backed Notes, Series 2014-1. Rated by Moody's and DBRS, the securitization transaction included the issuance of $400 million of Aaa/AAA rated Class A Notes as well as $33.333 million of subordinated A2/A rated Class […] [Read More]

Along with expanding its senior executive team, Westlake Financial Services recently highlighted plans to open a new production center in Dallas in January. Westlake indicated the new production center will serve as a facility to provide improved servicing for current dealerships as well as the ability to increase the Westlake Dealer Network in one of […] [Read More]

At the same venue as Used Car Week, the National Automotive Finance Association awarded its Certified Consumer Credit Compliance Professional designation to its first graduating class following the completion of more than 24 hours of classroom training and 29 Web-based sessions. The certification program was developed for the NAF Association by Hudson Cook and made […] [Read More]

ALG released the results of its 15th Annual Residual Value Awards (RVAs) this morning, and Land Rover and Toyota took the top honors for premium brand and mainstream brand, respectively. Toyota also lead the pack in segment awards, taking home eight RVAs. Honda and Subaru also performed well with three wins apiece. “Residual value is […] [Read More]

Capital Automotive Reconditioning Services (CARS) recently announced that two National Auto Auction Association Hall of Fame members have joined its board of directors. Auction icons Tom Cunningham and Tony Moorby join the board with lifetimes of achievements in the auction industry. “We are extremely proud to know that these two gentlemen have accepted board positions […] [Read More]

Wantalease.com has released a list of 16 popular vehicles that have November lease deals for less than $200 per month. According to the site, the current selection of lease deals below the $200 mark is the largest variety of makes and models at the price point all year. According to Scot Hall, Wantalease.com’s executive vice […] [Read More]

After falling by 3.7 percent in October, according to NADA data, wholesale price drops are expected to be a bit milder the rest of the year. According to NADA's November edition of Guidelines, depreciation normally becomes more moderate from November through January before tax season sparks the usual spring spikes This month, NADA expects depreciation […] [Read More]

Back in October, Tesla Motors made its Model S lease offer even more enticing to potential buyers with a deal through US Banks that lowered the cost of leasing and gave shoppers the option to return the vehicle after three months. Consequently, potential lessees can now use the three-month lease escape as a type of […] [Read More]