Capital Automotive Reconditioning Services (CARS) recently announced that two National Auto Auction Association Hall of Fame members have joined its board of directors. Auction icons Tom Cunningham and Tony Moorby join the board with lifetimes of achievements in the auction industry. “We are extremely proud to know that these two gentlemen have accepted board positions […] [Read More]

Wantalease.com has released a list of 16 popular vehicles that have November lease deals for less than $200 per month. According to the site, the current selection of lease deals below the $200 mark is the largest variety of makes and models at the price point all year. According to Scot Hall, Wantalease.com’s executive vice […] [Read More]

After falling by 3.7 percent in October, according to NADA data, wholesale price drops are expected to be a bit milder the rest of the year. According to NADA's November edition of Guidelines, depreciation normally becomes more moderate from November through January before tax season sparks the usual spring spikes This month, NADA expects depreciation […] [Read More]

Back in October, Tesla Motors made its Model S lease offer even more enticing to potential buyers with a deal through US Banks that lowered the cost of leasing and gave shoppers the option to return the vehicle after three months. Consequently, potential lessees can now use the three-month lease escape as a type of […] [Read More]

Dealertrack Technologies announced last week that company execs Rick Gibbs and Raj Sundaram have been named co-presidents, effective immediately. Chief executive officer Mark O’Neil will continue to lead the company, and Gibbs and Sundaram will now work to provide increased focus on building and delivering dealer-driven technology solutions across the online to in-store platform, the […] [Read More]

Loan origination software company defi SOLUTIONS announced this week the appointment of a new vice president of sales. Brice Beard brings over 15 years of auto finance experience with him to take on the responsibilities of the new position, one of which will be to help the launch of ESSENTIAL, the company’s new pre-configured LOS […] [Read More]

October — a seasonally weak month in the lanes — didn’t bring any surprises this time around. According to the ADESA Canada Used Vehicle Price Index, after being adjusted for seasonality, wholesale prices fell by an average of 0.2 percent from September. All segments but one saw prices fall this past month, according to analysis […] [Read More]

How far over the line will you go to sell cars and make a profit before you break the compliance threshold? That’s almost like asking how far over the speed limit you’re willing to go before you consider the consequences of being ticketed for reckless driving. But there are many people out there, myself included, […] [Read More]

News has been flowing out of Dealertrack Technologies this week, as the company announced it has hit a milestone for its Credit Application Network on top of also securing a new partnership with Kia Motors America to use its Intelligent Payment Calculator for Kia.com. The company also announced it has promoted two of its top […] [Read More]

With vehicle technology advancing at a rapid pace — growing more complex with every year — the role of product specialist in dealerships is becoming more important and playing a larger role in the sales process. This assertion was highlighted in the 28th annual J.D. Power 2014 U.S. Sales Satisfaction Index Study results, which were […] [Read More]