The Canadian branch of the International Automobile Remarketers’ Alliance completed its first training event earlier this month for its members — an event the organization said was well-attended by members “from all facets of the automotive remarketing spectrum.” The event was held at ADESA Toronto on May 7 and featured a variety of programs designed […] [Read More]

Along with enhanced telematics capabilities on the Sprint CDMA wireless network, Spireon opened the National Alliance of Buy-Here, Pay-Here Dealers National Conference on Tuesday by making a guarantee that the company believes is first in the GPS tracking provider space. Spireon now offers a 99.9-percent service-level agreement for customers of its automotive collateral management platform […] [Read More]

Chalk it up to prudent underwriting or an economy gaining some collective stream, but the auto portion of the S&P/Experian Consumer Credit Default Indices is at its lowest point ever. Data through April released by S&P Dow Jones Indices and Experian on Tuesday shows that the auto loan default rate dipped to a new historic […] [Read More]

White Clarke Group, a supplier in automotive and asset finance technology, formed a strategic alliance this week with NADA Used Car Guide to provide integrated, automated vehicle valuations within its online credit application system, CALMS2.  Jonathan Dodds, chief executive officer of the Americas for White Clarke Group, explained relationship will allow new and existing clients […] [Read More]

Earlier this week, dealership software, services, and forms provider Reynolds and Reynolds and payment solutions provider Global Payments announced an agreement to offer point-of-sale, electronic payment solutions for dealerships. As part of the agreement between the two companies, Reynolds will add Global Payments’ payments technology across Reynolds dealership management system (DMS) platforms and software solutions […] [Read More]

For finance company executives still curious as to why Toyota is shifting major operations out of California to Texas, NAF Association just added a new session to next week’s annual gathering aimed at satisfying that interest Conference organizers said Michael McGrath, the corporate risk manager for Toyota Financial Services, will share the strategy and the […] [Read More]

As competition becomes tighter in the U.S. auto industry, the need for exceptional leaders at dealerships couldn’t be greater. Today, leaders know what’s best for business, what path leads to ultimate business success, and how to distinguish their business from the pack. These two things are critical to understand as we dive into this topic: […] [Read More]

The announcement from General Motors on Tuesday saying the automaker would recall 2.42 million additional vehicles was met with mixed reaction in the auto sector, with some thought toward these actions being positive steps for the automaker’s safety efforts, amid worries and strong words suggesting this news is actually a troubling sign. In comments that […] [Read More]

With more and more dealers and buyers snatching up inventory through digital channels as a complement to physical auctions, as well as buyers and sellers calling for stronger vehicle images in condition reports both in-lane and online, enhanced imagery is becoming increasingly important. Manheim is showing its customers just how aware they are of image […] [Read More]

Incentives were on the way up earlier this spring, and analysts predicted the trend would continue, with manufacturers and dealers working to move old inventory. It seems they were right, as Cars.com chief analyst Jesse Toprak shared this week plentiful May incentives are making for a buyer’s market this late spring. This continues a trend […] [Read More]