After forming America’s Auto Auction 10 years ago and leading its growth to the 12-member group it is today, Richard Gundy retired from the business in late March. Taking on the role of chief executive officer is Ben Lange, who adds the CEO title to his existing duties as president of the company. Meanwhile, former MAFS, […] [Read More]

Dominion Dealer Solutions announced Tuesday that Dominion ACCESS, the company’s Windows-based dealership management system, is now a fully integrated partner of the Toyota DMS Integration Program. Toyota’s Dealer Daily Open Access (DDOA) program integrates with Dominion ACCESS through live, secure communications across multiple departments, including F&I, service and accounting. The DDOA interface, developed based on […] [Read More]

Tax season buying and selling activity is still in “high gear” with April 15 quickly approaching. That’s according to the latest Black Book Market Insights report, which showed strong price retention in the lanes last week for both cars and trucks. On average, the car segments saw a $6 (or 0.5-percent) increase in prices, while […] [Read More]

Manheim is currently hosting a national promotion, titled “Pump Up Your Volume,” that is aimed at aiding dealers in their inventory building efforts to prepare for the impending selling season.  The national promotion, expected to drive traffic at all of Manheim’s 79 wholesale auctions, will include offers from DealShield and Ready Auto Transport via a […] [Read More]

While acknowledging there are some murky points about the latest U.S. employment trends that could concern finance companies and their origination departments, Manheim chief economist Tom Webb explained how managers can focus on the most important elements that can keep the contract current and money flowing through receivables. During his quarterly conference call this week, […] [Read More]

Less than seven days after making a trio of executive appointments, NextGear Capital announced two more additions to its leadership team this week. NextGear Capital explained these new roles will allow the inventory finance company to focus on existing integration opportunities with other Cox Automotive business units and better align its sales and marketing teams. […] [Read More]

Loan origination systems provider Financial Network and credit risk management solutions firm Clarity Services recently enhanced their relationship to incorporate Clarity’s new Clear Income Attributes report. Officials highlighted FNI’s loan origination solutions will be strengthened as a result of Clarity’s new report. It’s the intention of both companies to streamline financial services providers’ abilities to […] [Read More]

ADESA has rolled out several enhancements to its website that aim to make buying and selling through ADESA.com easier. Among the main changes listed by the company include the following, as listed by ADESA in its news release: — Direct link from the homepage to inventory eligible for ADESA Assurance, enabling customers to quickly view […] [Read More]

CarProof released data Wednesday that may prove interesting to both consumers and dealers alike. When taking in trade-ins, Calgary dealers might want to take note of the following: According to CarProof data, almost one in three used vehicles have been in an accident or have some type of damage history. And in the whole province of […] [Read More]

The National Independent Automobile Dealers Association is organizing its own resources along with colleagues from Oregon’s independent dealer association in an effort to prevent a bill from becoming law in the Beaver State that could radically alter how buy-here, pay-here dealers can operate. Officials from the Oregon IADA and the newly created NIADA Buy-Here, Pay-Here […] [Read More]