ADESA said Thursday it has rolled out a new website for OPENLANE customers. The company explained that  next.ADESA.com is built on OPENLANE’s technology and will replace the post-login pages of OPENLANE.com. Here’s how it works: Once a dealer has logged into OPENLANE.com, he or she will now find a new user experience (next.ADESA.com) and can […] [Read More]

With the holiday season in full swing, it’s not just toy stores and shopping malls reaping the rewards. It also appears two particular segments of the used-car market are seeing some nice gains, as well. According to the latest Hot Used-Car Report from Kelley Blue Book, luxury SUVs and premium luxury cars have seen the […] [Read More]

In response to customer requests, Manheim's Simulcast product can now be used on Macs, the company announced. Dealerships that use Apple computers can now use the online auction marketplace with the release of the Simulcast multi-browser feature, which enables customers to enter a Simulcast sale on a Mac computer, the company shared. [Read More]

Group 1 Automotive said Thursday a new partner has joined its existing $1.35 billion revolving credit facility. The latest to sign on is Volkswagen Credit, which will serve as a partner to the facility that expired in June 2016. Commenting on the news, John Rickel, Group 1's senior vice president and chief financial officer, said,  […] [Read More]

Auction industry leaders took to the classroom for the latest Auction Academy session, serving as faculty for the Senior Managers Class on topics from vehicle valuation to online selling technology and dealer funding. Auction Academy, a professional education program developed by TPC Management, held the class in Nashville, Tenn., from Nov. 29 to Dec. 1. […] [Read More]

If an individual reports a complaint about a dealer or auto finance company to the Consumer Financial Protection Bureau, data about the grievance likely will end up with state regulatory agencies, too. [Read More]

DALLAS — Comerica Bank's newest Auto Affordability Index showed the purchase and financing of an average-priced new vehicle took 23.1 weeks of median family income in the third quarter of this year. Analysts found consumers on average spent $75 less on new models in the third quarter than they did in the second quarter. The […] [Read More]

CLEARWATER, Fla. — Despite a 7-percent softening of its net earnings during the second quarter of its fiscal year, Nicholas Financial announced a dividend payment to owners of common stock for the second time since the beginning of November. This week, the company that specializes in purchasing and servicing auto loans made by franchised and […] [Read More]

BENTONVILLE, Ark. — Buy-here, pay-here dealership chain America's Car-Mart recently opened its newest store in Alabama. Joining the network as the company's 11th store in Alabama and its 118th dealership overall, Car-Mart rolled out a lot in Enterprise, Ala. "Alabama has been a great state for us, and we are excited about continuing to expand […] [Read More]

HOUSTON — Group 1 Automotive said Thursday a new partner has joined its existing $1.35 billion revolving credit facility. The latest to sign on is Volkswagen Credit, which will serve as a partner to the facility that expired in June 2016. Commenting on the news, John Rickel, Group 1's senior vice president and chief financial […] [Read More]