Auction price declines are beginning to pick up — just as NADA Used Car Guide predicted. At the industry level, wholesale price movement was expected to weaken slightly over the course of the current week as NADA projected prices to decline by 0.3 percent, or $50, relative to the two-week average. “The expected rate of […] [Read More]

In the six years since Automobile Protection Corp.’s management team and Stone Point Capital came together to buy APCO back from Ford Motor Co., APCO has been searching for the right acquisition to complement its business. It found that ideal partner in GWC Warranty Corp., says Larry Dorfman, the chairman and chief executive officer of […] [Read More]

Successful efforts to provide real-time service and data to a growing volume of customers have brought recognition to Digital Air Strike. The social media and digital marketing company this week announced it has been recognized as a leading technology user of Microsoft Corp.’s Windows Azure, and chosen as a case study for the platform. The […] [Read More]

Dealers have a whole new option for purchasing cars at auction — bid by night. Insurance Auto Auctions Inc. this week announced the launch of its first-ever nighttime auto auction series, called Stars of Atlanta. The weekly auctions will be held at IAA’s Atlanta East branch in Winder, Ga. IAA described the Stars of Atlanta […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE MEDFORD, Ore. — Three members of Lithia Motors' management team all voiced strong opinions about the Consumer Financial Protection Bureau's recent guidance on indirect auto lending and dealers' role in retail vehicle sales. All three reiterated not only their own processes but how the dealer body as […] [Read More]

WASHINGTON, D.C. — The Securities and Exchange Commission on Thursday charged Capital One and two senior executives for understating millions of dollars in auto loan losses incurred during the months leading into the financial crisis. Officials said an SEC investigation found that in financial reporting for the second and third quarters of 2007, Capital One […] [Read More]

IRVINE, Calif. — CarFinance.com released data on the top 10 new- and used-vehicle choices for its below-prime car buyers during the past six months. Comprising the list of used vehicles were three pickups from domestic OEMs. The Top 10 included: 1. Ram 1500 2. Nissan Altima 3. Ford F-150 4. Dodge Charger 5. Chevy Silverado […] [Read More]

BENTONVILLE, Ark. — Buy-here, pay-here dealership chain America's Car-Mart opened its 124th store this week. Car-Mart broadened its footprint in Alabama by rolling out a dealership in Gadsden. The new location is the company's 13th dealership in Alabama and the 10th new dealership opening for fiscal year 2013.  Officials said the Gadsden dealership will be […] [Read More]

As the 2013 Auto Remarketing Canada conference, presented by CarProof, was wrapping up this past Tuesday evening, positive testimonials and feedback were already rolling in from the record 586 attendees that headed to the Fairmont Royal York in Toronto.  Over half of these attendees were dealers, with the remaining number including representatives from almost every […] [Read More]

Manheim announced today it is expanding its footprint in Canada. In an effort to reinforce its commitment to the Canadian marketplace, Manheim Canada has signed a partnership agreement with Source Auto Auction — a new auction facility in Edmonton, Alberta, owned by Danny Fayad. [Read More]