TORRANCE, Calif. — Although back in September, George Borst retired as president and chief executive officer of Toyota Financial Services after 16 years, the former captive finance company leader is still receiving accolades. Due to his commitment to developing strong female leaders across the organization, Linkage's Women in Leadership Institute honored Borst with its Outstanding […] [Read More]

The company that founded what it claims to be the first dealer-to-dealer wholesale marketplace announced a major expansion.   DealersLink launched its California marketplace on Tuesday, with more than 100 dealer trading partners in the Golden State now able to tap into unlimited trading with no auction fees, the company says. “Recognized in the industry […] [Read More]

Today, Insurance Auto Auctions launched the Market Value Tool mobile app for iPhone as part of the suite of products from IAA’s CSAToday platform. IAA explained this iPhone app can provide customers the ability to estimate the value of their vehicles anytime, anywhere. Officials say the Market Value Tool is designed to be quick and […] [Read More]

The latest General Motors deal offered through the Costco Auto Program is turning consumers' heads, reaching record levels for the companies' partnership only two weeks into the offering. The companies recently revealed more than 2,000 Costco members had bought a vehicle in the first two weeks of its GM Limited-Time Offer. When compared to the […] [Read More]

ACA International, the Association of Credit and Collection Professionals, recapped why two U.S. District Courts examined messages left for consumers and third parties and found the messages were not communications under the Fair Debt Collection Practices Act. “The issue of leaving messages for consumers continues to receive scrutiny in the courts,” ACA officials said. “While […] [Read More]

Under a partnership between the two companies announced this morning, DealerMatch — a subscription-based Web and mobile app that connects dealers with retail-ready used vehicles — will be bringing its inventory to vAuto Genius Labs’ AuctionGenius platform. What this means for dealers is that DealerMatch members who use AuctionGenius can view, access and make offers […] [Read More]

Though low gas prices have not played much of a role in the more fuel-efficient segments’ price movements this year, last week’s wholesale price activity shows that low rates at the pump may be having more of an impact this month. Black Book’s Ricky Beggs said that the falling price of gas is “showing its […] [Read More]

DealerRater reviews and ratings are now being integrated with Kelley Blue Book’s newly enhanced new-car shopping experience. In making the recent announcement, DealerRater said KBB’s new-car online shopping experience, featuring car-pricing tool Price Advisor, helps create a more qualified consumer through pricing education, as well in-depth information about car dealerships. Price Advisor enables dealers to […] [Read More]

Pushed in part by opportunities from vehicle recalls and a sizeable gain in reconditioning work, Asbury Automotive Group’s third-quarter parts and service business was thriving. In fact, its same-store parts and service gross margins increased 2.7 percentage points year-over-year in the third quarter and came in at 60.9 percent. Asbury pulled in $91.7 million in […] [Read More]

Late last week, General Motors announced two separate recalls for late-model versions of the Chevrolet Malibu for two different issues. The automaker indicated it is recalling 42,696 Chevrolet Malibu sedans from the 2014 model year in the United States because the heating, ventilation and air conditioning, or HVAC, controls may not operate properly when the […] [Read More]