Walk into almost any auction across the country on sale day. You’re likely to see most dealers there looking at the phones as they go through the process of buying cars for their lot. That’s one example Black Book’s Mike Williams shares as he illustrates the mobile usage in the wholesale market by dealers, a […] [Read More]

After months of declines, auction prices are expected to increase slightly this week. According to NADA Used Car Guide, prices are predicted to rise by an average of 0.2 percent, or $25, versus the two-week average. But the increases most likely won’t be anything to worry about for dealers and buyers. “Across the board, price […] [Read More]

The National Automobile Dealers Association highlighted that the U.S. House Energy and Commerce Committee this week approved by voice vote a bipartisan bill, H.R. 724, which the association said would eliminate some red tape required by the Environmental Protection Agency when buying a new vehicle. NADA officials explained the bill would repeal a 1977 mandate, […] [Read More]

TrueCar.com has more resources at its disposal thanks to $30 million of funding from Paul Allen’s Vulcan Capital the site announced it raised on Thursday. TrueCar management indicated that it intends to use the funds to fuel market expansion, invest in product development and further build the site’s brand.  Officials noted this investment was made […] [Read More]

Online marketplace MaxTradeIn revealed this week it has expanded its range adding locations in Indiana, Illinois and Tennessee. The website, which allows car owners to trade in or sell their used vehicles by selecting local dealers to compete for their business, also reached a milestone, surpassing $155 million in offers. These offers came from nearly […] [Read More]

This week, Primeritus Financial Services bolstered its management team by adding two industry leaders who previously held leadership roles at OPENLANE and ADESA. Joining Primeritus as vice president of sales and services is Ben Murdock, who most recently served as executive director of sales and services at OPENLANE and held several senior positions during his […] [Read More]

A just-announced acquisition by Penske Automotive Group is expected to generate approximately $200 million in annualized revenue for the company, while expanding its footprint in the Lone Star State. The company announced this week that it has acquired the Frank Smith Toyota-Scion and Hyundai dealerships in Pharr, Texas.  Both dealerships operate in the Rio Grande […] [Read More]

The International Automotive Remarketers Alliance (IARA) Canada announced the winners of the 2013 IARA Builders Award today. Honored this year are Lisa Scott and Steve Macaluso, co-chairs of IARA Canada. Alex Johnston, IARA Canada Awards and Recognition committee lead said, “While many have contributed, Lisa and Steve are to thank for planting the seed of […] [Read More]

Mercedes-Benz Canada revealed this week its 2014 Star Dealers list. These awards honor the top 10 authorized Mercedes-Benz dealers in Canada, “reinforcing the critical role that each dealership plays in the overall success of the Mercedes-Benz, AMG, smart and Sprinter brands in Canada,” the company explained. The Star dealers are selected from the company's nationwide […] [Read More]

Fleet services provider ARI announced two new executive appointments this week. Rick Tousaw has been promoted to senior vice president and general manager of ARI Canada. And Craig Balfour has been promoted to vice president of sales for ARI Canada. Commenting on the new appointments, executive vice president of global operations Chris Conroy said, “We’re […] [Read More]