DriverUp launched its new program this week that company officials are calling an “industry first” marketplace to give accredited investors an opportunity to enter the auto finance industry directly and provide dealers with an expedited, streamlined credit process.  DriverUp is the exclusive brand of Sierra Auto Finance, an auto finance company launched with $50 million […] [Read More]

Automotive Finance Corp. promoted Johnny Shroyer to be vice president of operations for the floor plan company’s West division. AFC indicated Shroyer will report directly to Joe Keadle, senior vice president of operations. Shroyer, who joined AFC in 2010 as regional manager, will begin in his new role on March 2 with responsibilities for managing, […] [Read More]

Less than a day after ADESA announced that it has decided not to participate in the remarketing industry’s currently proposed multiplatform system initiative, Manheim sent a message to Auto Remarketing reiterating its position to maintain a commitment to the wholesale market project. Janet Barnard, president of Manheim North America, described MPS as an industry-wide effort that […] [Read More]

CDK Global announced recently the success of its “Agile in a Day” mentoring event at its office in Portland Plaza. In partnership with Portland’s ChickTech high school program, the aim of the program was to encourage young women to pursue careers in the engineering and technology fields. “As a company providing innovations to the automotive retail […] [Read More]

AutoAlert LLC announced Tuesday its sponsorship of the Automotive Leadership Under 40 Retreat (ALU40). Auto Alert CEO Brian Skutta, who took the helm at the company in September, will also speak about his own experiences at the retreat, as well. The event, designed to recognize and bring together the industry’s up-and-coming dealer leaders, is scheduled […] [Read More]

Even before the major winter weather hit much of the country in February, it seems shoppers were already in the market for more snow-efficient models. Last month, demand for small and midsize trucks rose, making these desirable units hard to find on dealer lots. That’s according to January’s scarcity data for CPO and used vehicles […] [Read More]

Just in time for March Madness, Manheim is launching a basketball-themed “Selling in the Zone” promotion.  In a deal that began Monday and goes through March 29, customers are offered five “key plays” to help them market cars better and boost both buyer confidence and conversion rates. Those “plays” are depicted with basketball-themed player cards. […] [Read More]

Among the handfuls of records that Sonic Automotive reported in its fourth-quarter and full-year 2014 results on Tuesday were a few all-time highs in its used-car department. Starting with the fourth quarter, Sonic reported record Q4 used-car unit sales of 26,406 units as well as record Q4 pre-owned gross profits of $37.8 million. Sonic posted […] [Read More]

ADESA announced Monday evening that it has decided not to participate in the remarketing industry’s currently proposed multiplatform system initiative. ADESA said in a statement: “The company has worked for nearly two years with major industry partners and invested several million dollars in attempting to evaluate and develop an MPS that would benefit both sellers and buyers. […] [Read More]

Manheim Ohio will host its monthly highline auction on Tuesday, featuring consigned vehicles from Jaguar Land Rover for the first time ever. Branded as “The Highline Collection, Powered by Manheim,” the auction will feature the largest selection of luxury vehicles in the Midwest, according to the company. Showcasing high-value luxury vehicles, the highline event is […] [Read More]