Insurance Auto Auctions has announced the opening of a new branch, a facility the company says is essential to its continued growth across North America. With an official grand opening held on May 6, IAA's new state-of-the-art, 32-acre auction facility is located in Tulsa, Okla. The facility includes a 10,000-square-foot building and will utilize 17 […] [Read More]

In a list that could prove to be an additional selling point for dealers trying to move used cars with budget-conscious shoppers, AutoTrader.com released a list of what it considers to be the strongest pre-owned options for under $20,000. The list of the 10 deals, which was published Wednesday, is quite diverse, spanning nine different […] [Read More]

Sheehy Auto Stores is getting even more involved in its community, as it announced a 50-day charity initiative to benefit the American Heart Association as well as a new partnership with WLZL-FM (107.9) El Zol — CBS Radio-owned Latin Urban and Pop music station reaching the Baltimore and Washington, D.C. area. Sheehy Auto Stores is […] [Read More]

Despite growing supply challenges, the newest white paper from Black Book Lender Solutions highlighted how profitable portfolio growth opportunities remain in place for auto lenders. The white paper titled, “Finding Portfolio Growth Amidst Changing Supply Levels,” also reinforced three other points for executives at finance companies, banks and credit unions to consider, including: —How to […] [Read More]

The American College of Consumer Financial Services Lawyers recently recognized Hudson Cook partner Anne Fortney with the prestigious Sen. William Proxmire Lifetime Achievement Award. The award is given periodically to a person who has made significant contributions in the field of consumer financial services over that person’s career. The college presented the award on April […] [Read More]

Pelican Auto Finance is using what executives describe as a “crawl-walk-run approach” to growth in the deep subprime auto financing world. And they want to start running to the point where the company’s portfolio ranks among the top five institutions nationwide, blending together a business strategy of being an indirect lender for franchised and independent […] [Read More]

Lexus has set up shop at the Montreal-Trudeau airport. Instead of a cab, why not take a Lexus? Travelers returning home over the next few months and interested in purchasing a luxury vehicle might want to stop by the Lexus Lounge — where they can arrange a test-drive home. In an unusual marketing effort, travelers […] [Read More]

Mercedes-Benz Winnipeg is getting a facelift, as  store management and company leaders broke ground this week for a new location for the well-established dealership. Tim Reuss, president and chief executive officer of Mercedes-Benz Canada, together with company executives, recently joined Winnipeg Acting Deputy Mayor, His Worship Grant Nordman; City Councillor Paula Havixbeck; and Mercedes-Benz Winnipeg […] [Read More]

Now, Co-Auto dealership members have a few new options when selling service plans to customers. This week, reconditioning company Dent Wizard International announced a new partnership with Co-Auto — a cooperative buying group dedicated exclusively to servicing new car and truck dealerships throughout Canada.  Under the agreement, Co-Auto dealership-members will be able to sell Ding […] [Read More]

The certified pre-owned market opened 2014 with the highest first-quarter share of franchised dealers’ used-car sales in five years. That’s according to the latest Used Market Quarterly Report from Edmunds.com, which said CPO vehicles accounted for 19.7 percent of all used sales by franchised dealers in Q1.  The last time the certified market made up […] [Read More]