Lithia Motors Inc. this week announced it has acquired a new Golden State store expected to boost annual revenues by $50 million. Added to Lithia’s California lineup of Subaru shops is Diablo Subaru of Walnut Creek. “We are excited to add another Subaru store to the Lithia family,” said Bryan DeBoer, president and chief executive […] [Read More]

Certain auto dealers could benefit from the real-time information exchange created by a newly-announced integration between two companies’ products. Early this week, Auto/Mate Dealership Systems announced its dealership management system is now integrated with Innovative Aftermarket System's suite of SmartDealerProducts for automotive dealerships. The company said dealers using both Auto/Mate's DMS and IAS' SmartDealerProducts solutions […] [Read More]

Many high-end vehicle dealers in Canada are breathing a sigh of relief as Canadian and U.S. law enforcement agencies cracked down on an international vehicle theft crime ring, recovering $3.2 million in assets. Car recovery company LoJack Corp. reported its part in the recent bust, providing insight into the international crime ring investigation titled “Project […] [Read More]

A bad customer review can spark fear in the hearts of most any business owner. And dealers have their own set of issues to navigate when trying to secure reviews from happy customers. Mobials Inc., a new mobile software development company which launched this week, aims to turn the tides and help put the control […] [Read More]

AutoCanada Inc. reported a successful Q3 last week, seeing a large profit increase and rises in used-car sales. The dealership group announced a profit increase of 61.1 percent. And revenue increased by a whopping 35.1 percent or $104.9 million to $403.5 million. Commenting on the financial results for the three month period ended September 30, […] [Read More]

Repo Remarketing selected Vendor Transparency Solutions this week as an online portal compliance monitoring platform. With the importance on detailed compliance, officials highlighted that VTS offers a platform to serve present and future needs of the industry and aligns Repo Remarketing for the protection and benefit of its many partners. “Legal, compliance and the Consumer […] [Read More]

CarProof Vehicle History Reports announced this week it has made a hire in a brand new position: director of financial planning and analysis. Chosen for the role is Alison Doyle, who will be responsible for analyzing company and market data to create "actionable insights," the company said. Doyle will also work to build operating plans […] [Read More]

The ADESA Canada Used Vehicle Price Index powered by ALG Canada has been updated through October, and it shows wholesale prices have recently seen one of the biggest drops this year. With all segments experiencing negative price movement, the index shows that wholesale prices fell on average by 0.5 percent month-over-month in October. As winter […] [Read More]

Today, DMEautomotive launched Driver Connect 2.5, an upgrade to its dealer-branded, consumer-facing mobile app. By leveraging almost a dozen enhancements, the company highlighted the new era in mobile apps is all about bringing consumers and businesses even closer with hyper-personal, real-time connections DMEautomotive contends Driver Connect 2.5 embraces that evolution by offering “in-the-moment” relationship-cementing tools […] [Read More]

The results of Scotiabank’s Global Auto Report that were released today show auto industry profit margins have spiked to 10-year highs, reaching above pre-recession levels, with the highest profitability showing up in North America. The report indicates that the five largest manufacturers are achieving net income levels of more than $50 billion. Commenting on the […] [Read More]