Normal 0 false false false EN-US X-NONE X-NONE BROOKFIELD, Wis. — Fiserv announced earlier this week that it has acquired Open Solutions, a provider of collaborative, enterprise core account processing technology for financial institutions. Officials said the purchase price was $55 million, and Fiserv assumed approximately $960 million of debt. In conjunction with the acquisition, […] [Read More]

Returning to Toronto April 22–24, Auto Remarketing Canada presents its sixth Canadian pre-owned industry conference. Auto Remarketing Canada 2013, presented by CarProof, will bring you the information, tools and contacts for sourcing the inventory you need to fill your lot as well as tips on how to attract and retain customers, finance those customers, navigate […] [Read More]

Perhaps this whole used-car scarcity situation is on its way out.   Or at least improving significantly. Kelley Blue Book said in a recent report that auction volume climbed nearly 1 percent year-over-year last quarter and should remain ahead of 2012 levels. What’s more, off-lease supply moving into the auctions should increase dramatically over the […] [Read More]

As Edmunds.com discussed the potential benefits of “lease pull-ahead” offers, Fitch Ratings believes new-model leasing is poised to benefit from another generally healthy used-vehicle market this year, extending some gains realized as a result of robust residual values for leased cars and trucks seen during the last three years. Fitch expects lessors to continue to […] [Read More]

As 2012 came to a close, wholesale values were on the rise, driven by the affects of Hurricane Sandy and increased demand. Seasonally adjusted on 2- to 5-year-old vehicles, prices in the lanes rose by 1.8 percent month-over-month this past December, according to the latest RVI Market Update. And on a year-over-year basis, prices were […] [Read More]

The Blue Oval has "consistently" beat out competition when it comes to buyer loyalty. After Experian Automotive revealed earlier this week the Q3 2012 Loyalty and Market Trends report, which highlighted two of Ford’s models as having the most brand-loyal owners — the Ford Fusion and the Ford Flex — the company gave Auto Remarketing […] [Read More]

In what the company called a move to solidify plans for its new automotive parts and service operation, American Suzuki Motor Corp. announced late Tuesday that the disclosure statement for its amended Chapter 11 bankruptcy plan has been approved by Judge Scott Clarkson of the U.S. Bankruptcy Court of the Central District of California. Officials […] [Read More]

The 17th annual Polk Automotive Loyalty Awards were doled out earlier this week in Detroit and earning top honors once again was Ford, which has earned this distinction for three straight years. Ford was honored with awards for Overall Loyalty to Manufacturer and Overall Loyalty to Make. The Ford F-Series also won in the mid/full-size […] [Read More]

One Dodge model made the cut for the second straight year to be named the winner in Cars.com’s Shoppers’ Choice Award.    So, which car do shoppers favor? According to a Cars.com announcement made at the company’s Best of 2013 Awards show in Detroit on Tuesday, it’s the Dodge Challenger.   The Challenger was one […] [Read More]

Canadian Satellite Radio Holdings, parent company of SiriusXM Canada, revealed this week it will launch a pre-owned vehicle program in February for Canadian dealers. The new program will offer participating dealerships — franchised or independent — the ability to include a complementary three-month SiriusXM subscription with any purchase of a pre-owned vehicle equipped with a […] [Read More]