Ens Lexus has moved to a larger location in Saskatoon Auto Mall — and is also working toward becoming the first Saskatchewan dealership to achieve Leadership in Energy and Environmental Design (LEED) recognition for its new facility. The dealership traded out its old 5,000-square-foot location for a new $8-million, 22,000-square-foot facility. “For the past 24 […] [Read More]

Used-vehicle sales are expected to fall more than 4 percent for both franchised and independent dealers this month, making up the entirety of the 0.4-percent overall decline CNW Research is predicting for July’s used-car numbers. Such declines may give credence to one of two theories CNW laid out to explain another used-car phenomena being spotted […] [Read More]

Lithia Motors reported its second-quarter results Wednesday, revealing an 11-percent increase in same-store used retail sales. And much of the company’s conference call to discuss Q2 financial results was spent outlining the recent DCH Auto acquisition and what it means for Lithia going forward. And overall used retail sales were up a significant 14.3 percent […] [Read More]

GPS-based technology provider PassTime and customer referral program SendMeAFriend.com formed a strategic partnership this week.  Under the partnership, customers, including buy-here, pay-here dealers, will have access to PassTime’s new 3G device solution — the Elite 3 — as well as all of its GPS tracking and automated collection technology solutions and the streamlined SendMeAFriend referral […] [Read More]

A former chairman of the Federal Trade Commission joined the advisory board this week of an operation that strives to support digital privacy and design online reputation management technology. Coming on board with Reputation.com is Jon Leibowitz, who currently is a partner at Davis Polk & Wardwell in the firm’s antitrust group. The site tapped […] [Read More]

In the recruitment profession, we look for what are called career seekers, not job seekers.  There is a world of difference.  I teach my recruiters and my clients to look for career seekers for several reasons. Career seekers are looking to “become something more” and “add career value” when they seek a new position.  Career […] [Read More]

Five industry organizations banded together this week to push back against the Consumer Financial Protection Bureau’s new proposal to post anonymous complaints from the public about financial services companies online. The groups situated near Capitol Hill — including the Financial Services Roundtable, the American Bankers Association, the Consumer Bankers Association, The Clearing House and the […] [Read More]

With sequential comparisons coming against default rates at or near historic lows, the auto loan portion of the S&P/Experian Consumer Credit Default Indices for June ticked slightly higher for the second month in a row. The auto loan default reading for June came in at 0.96 percent, up from 0.93 percent a month earlier. June’s […] [Read More]

There were plenty of cars available during the second quarter that were nice fits to be sold as certified pre-owned. And there were plenty of high-mileage used cars for the taking. Problem was, says AutoNation executive Mike Maroone, there just wasn’t enough of the middle ground. But the retailer has taken steps to alleviate this […] [Read More]

The Greater New York Automobile Dealers Association has named Robert Vail as its new chairman. Vail, the current president of the Vail Auto Group in Bedford Hill, N.Y., has been a member of the GNYADA board of directors since 1993 as well as holding several positions on both the executive and finance committees for the […] [Read More]