Auto Financial Group — an online provider of innovative financing products including CarMark Auto Finance for credit unions and banks — recently formed a new partnership with CU Direct, a provider of lending, automotive and strategic solutions to the credit union industry. Together, officials highlighted the two companies plan to expand their presence in the […] [Read More]

Audi Canada announced today it has a new president. Chosen for the position is Daniel Weissland, who will start in his new role on Aug. 1. The company explained Weisslan will be succeeding Wolfgang Hoffman as president, who has completed his three-year foreign assignment. Weissland is currently the sales director for Southern Europe and is based in […] [Read More]

Exeter Finance Corp. went outside of the auto finance sector to find its new chief executive officer last fall, and on Friday, the subprime operation repeated the process when choosing a new chief financial officer. Taking on the CFO role for Exeter effective June 8 is Paige Wisdom, who has served as chief enterprise risk officer […] [Read More]

Autobytel has acquired Dealix Corp. and Autotegrity, Inc. in a $25 million cash deal. The deal to acquire those two wholly owned subsidiaries of CDK Global, LLC includes a working capital adjustment, Autobytel said in a news release. Dealix is a provider of leads to dealers and OEMs, and also operates UsedCars.com. That site joins […] [Read More]

Consider all the information and power the new-car shopper has at their fingertips (or within the reach of a thumb swipe): volumes of vehicle research, tools to see the prices others are paying for their desired ride, car-buying advice and so much more. However, in a “somewhat surprising” twist to findings from DealerRaler and J.D. […] [Read More]

Just after reports of used-car deals and best lease offers for the holiday weekend came streaming in earlier this week, NADA released its own picks for top budget-friendly vehicles this Memorial Day Weekend. According to NADA Used Car Guide, a trifecta of factors are impacting the market to create some impressive deals going into the holiday […] [Read More]

Manheim Toronto has announced its year-long fundraising plan to support the Juravinski Hospital and Cancer Centre in Hamilton, Ontario. The auction’s fundraising goal — $12,500 — will be supplemented by a company match to total a $25,000 contribution to the Juravinski Centre. The total represents the average cost required to purchase all of the equipment […] [Read More]

The 2014 Buy-Here, Pay-Here Industry Benchmarks didn’t exactly paint the rosiest picture — especially with softening unit sales, which for some operators dropped by as much as 33 percent. The nine general trends Ken Shilson spotted when sharing the latest benchmarks “reflect a significantly higher level of competition within the deep subprime marketplace.” Shilson, the founder […] [Read More]

TrueCar is facing more litigation, this time in the Golden State.  The legal action against the company was filed by the California New Car Dealers Association for what the association claims are violations of sections of the California Vehicle Code governing dealer licensing, brokering, advertising and disclosure. News of the suit was reported in several news reports Wednesday afternoon, including the The […] [Read More]

Manheim Louisville announced recently that it will host its “Cruisin’ for Wishes” car show and fundraiser on the rescheduled date of June 13 due to it being rained out on Saturday. The event, which will benefit Make-A-Wish Ohio, Kentucky and Indiana, will feature cars, trucks and bikes in the show to help raise funds for […] [Read More]