The certified pre-owned market just completed its fourth consecutive best-ever year, but the records don’t end there. A few handfuls of brands posted all-time highs for annual CPO sales, according to Autodata Corp., which said Tuesday that last month was a best-ever December, and the final three months of 2014 marked a best-ever fourth quarter. […] [Read More]

Primeritus Financial Services employees worked hard campaigning for their favorite charities throughout 2014. The company’s personnel supported organizations such as the American Red Cross, the American Diabetes Association and A Special Wish Foundation. “Our employees held a highly successful Red Cross Blood Drive and a walk to raise money and awareness for the American Diabetes […] [Read More]

In today's debut CPO Weekly e-newsletter, Auto Remarketing gets things started by looking at how a few brands reporting early certified pre-owned results fared in 2014. And in what likely was yet another record year for the industry, CPO operations looked promising for many automakers.  Starting with Ford, its brands combined to sell 22,610 certified […] [Read More]

TRADER Corp. announced this week that it has put pen to paper to complete a publishing agreement with Mobials. The arrangement will allow for the integration of Mobials’ Reviewmii along with TRADER’s marketplace and website solutions. James Hayes, the chief executive officer and co-founder of Mobials, says the partnership is a first of its kind within […] [Read More]

Thanks in part to surging sales of 1- to 5-year-old vehicles — right in the wheelhouse of many certified pre-owned programs — the total value of all used cars sold industry-wide last month climbed more than 16 percent year-over-year and reached a whopping sum of $35.8 billion, according to CNW Research. The firm said in an […] [Read More]

Throughout most of 2014, trucks remained popular, but perhaps most notably, showed significantly stronger price retention than their smaller counterparts. And the story was no different during the last month of the year. The midsize pickups trucks, in particular, saw prices hold the strongest this past month out of all vehicle segments, according to Kelly Blue […] [Read More]

CarGurus recently released the list of the used vehicles that were the most popular with shoppers on its website. The top 10 list, based on the number of unique shoppers inquiring to dealer and private seller listings, ranked the results by models that had been searched for between Jan. 1, 2014 and the end of the […] [Read More]

The International Automotive Remarketers Alliance would like to remind its members to renew their memberships this month for the next year. Potential members can also sign up on the organization’s website. According to the organization, membership will help individuals improve their company’s performance, have a voice in the change in the industry, network with consignors […] [Read More]

NextGear Capital is ramping up its presence in Canada and announced this week it has hired a new vice president of Canadian operations. Roy Vandermeer has been chosen for the new VP role. In this role, Vandermeer will be responsible for the growth and management of NextGear Capital's Canadian division, the company’s statement said. "As […] [Read More]

Southern Auto Finance Co. (SAFCo) hired a former Exeter Finance Corp. executive to be its new senior vice president of risk management and credit policy. Tapped for this role was Karyn Lentz, who was most recently the executive vice president of risk management and chief credit officer at Exeter. While at Exeter, Lentz was responsible […] [Read More]