On Monday, Auto/Mate Dealership Systems rolled out the addition of rates, residuals and rebates information to its Automotive Management Productivity Suite (AMPS) Desk/Mate module. Officials highlighted dealerships that use Auto/Mate's desking solution now have access to real-time lease rates, residuals, manufacturer incentives and other rebate information, enabling F&I managers to quickly and accurately work the […] [Read More]

Big 3 automakers combined to sell nearly 70,000 certified pre-owned vehicles in November, beating year-ago figures by 16.9 percent, according to Autodata Corp. Specifically, the 69,915 CPO sales among domestics in November put the year-to-date tally at 758,486 sales, a 15.7-percent improvement over the first 11 months of 2013. Ford’s brands sold 22,552 certified cars […] [Read More]

In a business with an ever-growing amount of regulation to abide by, you may, at times, feel a bit overwhelmed with the number of rules to be followed to do business legally. Fortunately, there is a wealth of knowledge and helpful advice to tap into should you ever have any questions. Auto Remarketing Canada had […] [Read More]

Chrysler Group’s vice president of dealer network development announced late last week his intentions to retire. Peter Grady, who also leads Maserati North America as the company’s president and chief executive officer, will be stepping down, effective March 31. The company said in the meantime, Grady will retain his current responsibilities and remain a member […] [Read More]

The upturn in wholesale vehicle prices “showed a more sizable gain” in November, according to the latest update of the Manheim Used Vehicle Value Index. After ticking up in October, Manheim determined the movement of wholesale used-vehicle prices (on a mix-, mileage- and seasonally adjusted basis) pushed the November index reading to 123.3, which represented […] [Read More]

ServNet recently announced several adjustments to its leadership team. At its fall owners’ meeting, Eric Autenrieth, co-owner and general manager of Indiana Auto Auction, was elected to the group’s board of directors. Autenrieth, also the group’s representative to the International Automotive Remarketers Alliance, succeeds Brad Sturgeon, of DAA of the Rockies and DAA of the […] [Read More]

Two blockbuster dealer group acquisitions this year — Berkshire Hathaway’s purchase of the Van Tuyl Group, along with Lithia Motors buying DCH Auto Group — are proving to be game-changers on the mergers and acquisitions side of the retail auto business. As Erin Kerrigan, founder and managing director of Kerrigan Advisors, said in her firm’s […] [Read More]

The Pennsylvania Department of General Services announced this week that it will be hosting the final state vehicle auction of the year on Tuesday. The auction, which will feature nearly 500 vehicles for public bidding at the Manheim Central Penn Auto Auction, was featuring a preview period through Monday. “We are closing out the year with […] [Read More]

Dealers and buyers that use AuctionEar — a mobile app developed by Xcira, which adds audio and video to the company’s mobile bidding platform — can now use the tool on their smartphones and mobile devices. The app is now available for both IOS and Android devices. The tool first launched in August, and the […] [Read More]

For more than a year, the Consumer Financial Protection Bureau, an unelected government agency tasked with regulating the consumer finance market, has doggedly pursued what it views as “disparities” in auto lending. On this issue, you have to respect their determination: They’ve let nothing stand in their way, including lack of evidence. It came as […] [Read More]