Who’s buying cars and who’s getting rid of them? Online automotive lease marketplace Swapalease.com has noticed some trends when it comes to which states are gaining more cars and which are losing units. The site facilitates lease transfers online and the company says it has first-hand knowledge of how online automotive marketplaces have altered the […] [Read More]

Following a pilot program where dealerships achieved an average of nearly $85,000 in annual profits via their service departments, Reynolds and Reynolds has announced the broad launch of its Service Price Guides Master Certification Program. The program is aimed at dealerships that have the goal of increasing their usage of the company’s ERA SPG service […] [Read More]

Insurance Auto Auctions Inc. revealed this week that its California vehicle providers now have access to a new title processing capability. Through a partnership with DealerTrack, an authorized DMV provider, IAA is now able to process out-of-state titles in-house. IAA contends this new offering will reduce insurance providers’ cycle times and overhead costs, while offering […] [Read More]

Cars.com announced Thursday that it promoted its senior director of enterprise services to be vice president of technology. In his new role, the site indicated Kevin Steele is responsible for overseeing the company’s technology and development strategy. “With more than 20 years of experience, Kevin has brought us unwavering technical savvy, strategic thinking and firm […] [Read More]

LAKE SUCCESS, N.Y. — What dealers have known as DealerTrack Holdings not only reported its third-quarter financial results this week, but the company changed its name. Going forward, the company is now known as Dealertrack Technologies. As far as its third-quarter performance for the span that ended Sept. 30, the company first reported its GAAP […] [Read More]

DEERFIELD BEACH, Fla. — World Omni Financial Corp. revealed this week it has named a new president. Tapped for the position is Dan Chait, who joined World Omni in 2002 after holding senior-level positions at US Airways, AutoNation and UniCaptial Corp. Chait, who most recently served as senior vice president at World Omni, will be […] [Read More]

CARMEL, Ind. — Coinciding with the opening of its fifth buy-here, pay-here dealership in North Carolina, J.D. Byrider recently reached a new milestone: $1 billion in outstanding retail installment contracts. During the 23 years the company has been in business, J.D. Byrider has sold and financed almost 1 million vehicles for customers with credit challenges […] [Read More]

CARMEL, Ind. — KAR Auction Services management reiterated a pledge this week to make Automotive Finance Corp. an even greater resource for independent dealers with intentions to expand floor planning opportunities for salvage vehicles as well as motorcycles, recreational vehicles and powersports units. Chief executive officer Jim Hallett described the plan during a conference call […] [Read More]

Vincentric recently unveiled its first-ever Best Value in Canada awards, recognizing brands and individual models based on cost-of-ownership data. Topping the list was Toyota, which not only earned the brand award for passenger cars, but also earned awards in 10 individual vehicle categories. Mercedes-Benz was named best value luxury brand, and GMC earned honors as […] [Read More]

More often than not, the used vehicles flowing into Canada are relatively new, a study from DesRosiers Automotive Consultants has found. In fact, more than two-fifths of the used cars imported to the country last year were model-year 2010, 2011 or 2012 units, DesRosiers indicated. Forty-two percent, to be more specific. This is just one […] [Read More]