AutoCanada gave an update today on what’s in its acquisition pipeline, revealing a series of purchases that have the potential to make the company over $400 million in extra annual revenue. The company announced today that it has signed a purchase agreement for a dealer group, as well as purchase agreements for additional unrelated dealerships […] [Read More]

The string of consecutive year-over-year increases in same-store used retail sales has reached 19 quarters, according to a recent post on Manheim Consulting chief economist Tom Webb’s blog. Market conditions, tough as they may have been, and steep comps couldn’t deter growth for the retailers, whose streak of quarterly gains is now approaching five years. […] [Read More]

Dealer.com announced this morning it has added CallSource and e-Dealer Solutions to its certified provider program. Now, e-Dealer’s and CallSource’s technologies will be integrated into the Dealer.com solution. And customers will now have access to these new technologies through the Dealer.com ControlCenter. Commenting on the news, Mike DeCecco, director of business development at Dealer.com, said, […] [Read More]

As was widely reported to begin this week, Toyota confirmed that it is establishing a new headquarters in Plano, Texas, for its North American operations in a move designed to better serve customers and position the automaker for sustainable, long-term growth. Within the next three years, officials explained Toyota’s three separate North American headquarters for […] [Read More]

Dominion Dealer Specialties enhanced its Inventory Health tool on Monday with the release of dealer performance metrics. The comprehensive inventory management solution provider highlighted this addition is designed to let dealers make stronger, more informed merchandising decisions by better understanding how each vehicle is performing on leading third-party marketplaces and the dealer’s website.   “By […] [Read More]

Group 1 Automotive announced a first this week, namely the addition of Mercedes-Benz to the company’s offerings in the Lone Star State. The acquisition of Alex Rodriguez Mercedes-Benz in League City, Texas, a suburb of Houston, marks the first time Group 1 will provide Mercedes vehicles and service to its existing customer base of franchises […] [Read More]

Ford Credit’s repossession volume in the first quarter was steady sequentially, but dipped from year-ago numbers, while charge-offs increased in both comparisons, according to metrics from Ford’s 2014 Q1 fixed income presentation that Manheim Consulting chief economist Tom Webb shared on his blog. The data set indicates repos were around 7,000 units in Q1, even […] [Read More]

Remarketing of America announced that Kevin Parmenter has joined the company as its new remarketing manager, effective immediately. In this role, the full-service recovery and remarketing provider indicated Parmenter will provide leadership within the organization and ensure that ROA achieves its core mission to enhance client experience through increased sales returns, efficient cycle times and […] [Read More]

Black Book editorial director Ricky Beggs used his weekly online video report to share a recent conversation he conducted with leadership of the International Automobile Remarketers Alliance. Along with sharing background about their professional careers, IARA president Levi McCoy of LeasePlan and alliance executive director Tony Long discussed a wide array of wholesale market issues. […] [Read More]

Need proof the off-lease volume surge may have already arrived? Ford Credit’s lease return volume in the first quarter was more than double the total from a year ago, according to metrics from Ford’s 2014 first quarter fixed income presentation that Manheim Consulting chief economist Tom Webb shared on his blog. It was also significantly […] [Read More]