AutoNation reported a successful third quarter this morning, with an 8-percent spike in new and used retail vehicles sales along with a 10-percent bump in overall revenue. The dealer group reported total revenue of $4.9 billion in Q3, a jump of 10 percent compared to the same period of 2013. Company management said revenue was […] [Read More]

ADESA subsidiary Recovery Database Network (RDN) formed a new partnership on Tuesday with Digital Recognition Network (DRN), one of the presenting sponsors of the Re3 Conference at Used Car Week. The companies highlighted the collaboration allows RDN finance company clients to access DRN’s SmartRecovery data from within the RDN system — all of which is […] [Read More]

With the Consumer Financial Protection Bureau pledging to intensify regulations that govern all kinds of debt collections, skip-tracing and investigations tool provider BellesLink described the five general requirements finance companies request of repossession agencies. BellesLink founder Paul Kulas emphasized these five requirements are necessary for large repo operations as well as one-man, one-truck shops. Kulas […] [Read More]

Edmunds.com has made the first acquisition in company history, announcing this morning it has purchased a mobile startup known as CarCodeSM that lets dealers and car shoppers conduct one-on-one text messaging with each other. Edmunds plans to launch this technology across its dealership network, providing CarCode for free to both dealers and consumers. “Car shoppers […] [Read More]

With gas prices falling at a rapid rate, there are a number of consequent trends popping up in the lanes. But perhaps one of the most dramatic turns last week was seen among the truck segments. Though truck prices have been performing well throughout the year, the segments fell by an average of $94 last […] [Read More]

Despite the volume of consumers who can obtain zero-percent financing as automakers compete to move new metal, the analyst team at Edmunds.com doesn’t expect leasing volume to diminish. In an extended analysis about the rise of zero-percent APR volume, site analysts still maintain that leasing is a growing trend among buyers, pointing toward volume of […] [Read More]

As part of a strategic partnership between the two companies, CDK Global announced that its clients will have exclusive access to  the NewCar IQ new-car pricing and inventory management tool from Pearl Technology Holdings. CDK said in its announcement of the product’s launch that it can help dealers “understand, apply and syndicate manufacturer incentives to […] [Read More]

In a business as relatively new as the certified pre-owned market, the tides are still turning, and nothing seems to stay the same for long. Just a couple of years ago, off-lease vehicles had dried up, and it was no easy task to fill a CPO lot; now, off-lease supply is flowing in droves, and […] [Read More]

The Internal Revenue Service recently issued a strong warning to Congress about the potential for tax refund delays unless lawmakers make decisions in an orderly fashion. Despite the dire tone the IRS took, Chip Wiley — the corporate trainer and marketing specialist for Tax Refund Services and Tax Max — tried to give buy-here, pay-here […] [Read More]

It has been 50 years since Toyota entered the Canadian marketplace. A half a century ago, Toyota granted a distributorship agreement to Canadian Motor Industries, Ltd., which would later become Toyota Canada Inc. (TCI). The following year, TCI would sell only 755 vehicles. To put the automaker’s growth in perspective, Canadians have purchased over 4.6 […] [Read More]