It must be fall. The air is crisp, football is underway, and here in Ohio the leaves are beginning to changes colors. Oh, and of course, our government is on the verge of a total shutdown. On Friday, while I was in Washington, D.C. for a few meetings, the House of Representatives voted on a […] [Read More]

Chrysler Group announced Monday that it filed a registration statement for a proposed initial public offering. The automaker, which filed the statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of common shares, said in its press release that it has not determined the number of […] [Read More]

Dealertrack Technologies announced Monday afternoon that it has entered an agreement to purchase VINtek, a provider of automotive collateral management, electronic lien and title and consumer automotive finance processing services. “VINtek has been an innovator and strong supporter in the ELT marketplace for years, and is well-respected by state governments, including their departments of motor […] [Read More]

The last week of summer brought significant price declines for both cars and trucks at auction, perhaps a sign of what’s to come in the new season. With gas prices continuing to drop, now sitting at a national average of $3.55, the highest declines this week were seen in the entry-level car segment. This vehicle […] [Read More]

ServNet has struck a deal with AutoIMS to provide collective analytics using data contributed by the auction group’s members throughout the U.S. And not only will this help each of the 32 ServNet auctions throughout the country, it is designed to benefit remarketers, as well. This news was announced this month by R. Charles Nichols, […] [Read More]

In a move designed to streamline the sales process for dealers, Auto/Mate Dealership Systems said Monday that its AMPS Dealership Management System has been completely integrated with ELEAD1ONE, a company that provides dealers with virtual business development center, customer relationship management and retail solutions. Dealers who use Auto/Mate’s DMS product can now have real-time, bi-directional […] [Read More]

CarMax is hiring, announcing on Monday it has openings for more than 1,000 job positions in locations across the U.S. The majority of open positions are in service operations, including detailers, experienced technicians and sales, the company said, with additional positions open in purchasing and the business office. The jobs are permanent full and part-time […] [Read More]

The National Automobile Dealers Association is partnering with the Hiring Our Heroes program sponsored by the U.S. Chamber of Commerce Foundation to help military veterans find meaningful employment. NADA highlighted the Hiring Our Heroes program will work with the vast network of franchised dealerships around the country, as well as the state and metro dealer […] [Read More]

In-car satellite and streaming radio systems, such as SiriusXM and iTunes Radio are household names among shoppers these days, a trend OEMs are capitalizing on for advertising opportunities. Nissan revealed Monday it will become the exclusive automotive launch partner for Apple iTunes Radio. The company announced it has agreed on a first-year partnership commitment for […] [Read More]

Kia Canada Inc. announced a new online tool for dealers, fleet and rental partners that should make acquiring pre-owned and CPO vehicles a bit easier in this tight supply environment. Kia has partnered with web-based auction AutoGavel Exchange — powered by North Toronto Auction — to offer another online inventory option for dealers. The website […] [Read More]