One of the founders of Exeter Finance Corp. resigned his position late Monday as chief credit officer to pursue a new business venture, according to a company announcement. Exeter said Daniel Parry will serve in a consulting role to ensure a smooth transition during the next few months as Karyn Lentz takes over as chief […] [Read More]

As TransUnion projected that new-vehicle leasing volume should continue to strengthen, Swapalease.com reported that lease credit approvals improved slightly as 2013 closed. The site determined December’s approval level came in at 73.3 percent, compared with the November reading of 70 percent. Officials noted the overall approvals rate on the year finished at 72.7 percent, compared […] [Read More]

For vehicles up to 8 years in age, there was a 1-percent year-over-year decline in the number of AuctionNet wholesale transactions last year, according to NADA Used Car Guide. Here’s the thing, though: this overall change in volume doesn’t necessarily paint an all-encompassing picture of the entire market. The year-over-year movements in AuctionNet auction volume […] [Read More]

Volvo Cars of North America has a new president and chief executive officer. In a move that was effective immediately, Volvo Car Group announced Monday that its new North American chief is Tony Nicolosi, who was most recently president and CEO of Volvo Car Financial Services. Nicolosi will keep his position as president and CEO […] [Read More]

Dealers interested in taking part in the 2014 NADA Dealership Workforce Study — which offers analysis and data to help them attract and retain quality employees — will have their chance later this month. Participation in the study opens to dealer members of the National Automobile Dealers Association and American Truck Dealers at the NADA […] [Read More]

The 2010 Kia Soul was among the five leading models that registered the highest month-over-month shopping activity gains in December, according to Kelley Blue Book. Fuel efficiency evidently was a priority among consumers who went to Kelley Blue Book’s website in December to look for a used vehicle during their other holiday shopping excursions. The […] [Read More]

Women’s Automotive Association International has named its 2014 Spirit Leadership honorees. Among the four honorees is Christina Schrank. Shrank is also the president of National Auto Care (NAC) — the administrator of the CarMark Certified program. NAC has been providing vehicle service agreement programs to the industry since 1984. The WAAI award recognizes outstanding professional […] [Read More]

If I were still a dealer, here’s how I would address the “race to the bottom” that every dealer complains about these days. First, I’d recognize the “race” as an inevitable outcome of two converging forces: the vehicle buyer’s desire to get the best deal, using every technique and technology to know the market for […] [Read More]

A mobile trading desk and more than $1 billion in inventory 24/7 are just two of the updates announced by DealersLink, as the company prepares to unveil its latest developments at the upcoming NADA Convention & Expo. DealersLink, an inventory management solutions company, reports it will demonstrate a “radical new enhancement” of its cloud-based platform […] [Read More]

DrivingSales University announced it has furthered its expansion into the Canadian market through a new alliance with the New Car Dealers Association of British Columbia (NCDA). Through the agreement, DSU’s Web-based dealership training program is now available at a discounted rate to the more than 350 NCDA member dealerships. The program includes more than 300 […] [Read More]