If you count on Auto Remarketing Canada's news from the pre-owned auto industry hitting your inbox every week, take note! There is one step you will need to take to ensure you keep receiving the e-newsletter and digital magazine after Canada's new anti-spam laws officially begin. All it takes is one click. In anticipation of […] [Read More]

More applicants who already have a large amount of debt are taking a toll on approval levels at Swapalease.com. Site officials reported on Wednesday that lease credit approvals during the month of May came in at 60.6 percent — the lowest monthly level of the year and down from January when the approvals rate stood […] [Read More]

Sen. Chuck Schumer is urging the Federal Trade Commission to create another regulatory hurdle for dealers to clear in order to sell used vehicles, using an incident allegedly involving a truck sold by a CarMax store in California as leverage to further the campaign. The New York Democrat sent a letter this week to the […] [Read More]

ServNet auctions across the country are celebrating decades of business with anniversary sales and events. First up, Pittsburgh Auto Auction celebrated its 36th anniversary on May 5-6, welcoming more than 900 bidders to the lanes and posting the sale of more than 1,000 vehicles. Chris Angelicchio, PAA general manager, reported that following the Monday sale, […] [Read More]

Manheim Riverside in Riverside, Calif., hosted 62 members of the Pacific Southwest Chapter of the NAFA Fleet Management Association on June 10, the first time the location hosted this local chapter. A record number of members attended, most experiencing their first visit to a wholesale car auction. They were divided into four tour groups, led […] [Read More]

The litany of recalls at General Motors this year may wind up costing the automaker a great deal financially, but GM’s stores may actually realize some pretty nice gains — including attractive offers on the dealership buy-sell front. Haig Partners, which released The Blue Sky Report for the first quarter of 2014 on Wednesday, has […] [Read More]

June is looking like it will turn out to be a successful month for new- and used-car sales, even as the industry moves into the summer season that normally spells a slowdown after tax season highs. According to TrueCar data, used-car sales from franchised and independent dealers as well as private-party sales are estimated to […] [Read More]

KAR Auction Services chief executive officer Jim Hallett has won the EY Entrepreneur Of The Year 2014 Award in the consumer category for the Midwest and is now eligible to compete for national honors. An independent panel of judges selected Hallett as the winner of this award, which honors entrepreneurs for demonstrating excellence and extraordinary […] [Read More]

Extending a string of recent business developments, F&I Express finalized a strategic partnership on Tuesday with Supreme Software — The Dealership Tracker. The alignment formed integration creating a network that offers more than 60 providers that Supreme Software dealerships may gain access to for eRating, eContracting, eRegistering and remittance Officials highlighted the alliance means there […] [Read More]

Earlier this week, Credit Acceptance Corp. announced that it extended the maturity of its credit facility with a commercial bank syndicate from June 23, 2016 to June 23, 2017.  The company indicated there were no material changes to the terms of the facility. The credit facility continues to be secured by a lien on most […] [Read More]