KAR Auction Services said Monday that it is seeking amendments to its credit agreement, dated as of May 19 of last year. The company explained that amendments to the credit agreement would provide KAR with greater flexibility, including modifications to increase the amount of restricted payments that are, among other things, dividends, stock buybacks and […] [Read More]

In what the company president and chief executive officer Scott Painter says came as a result of “listening and learning” from customers and the industry, TrueCar Inc., revealed Monday a new print and TV ad campaign as well as some newly designed offerings to create a "no-hassle" environment for consumers and dealers. [Read More]

It was announced Monday that AutoJini.com — which provides dealers with a Web-based software suite of solutions — has launched an eBay Motors Auction Management Tool. This solution is specifically built for dealers listing cars on eBay Motor Auctions, and it is designed to help them simplify the process of doing so through “one simple […] [Read More]

There’s a new leader in performance, breaking a Subaru streak, reports TrueCar.com in announcing its Performance Scorecard results for October. This time, the highest grade by manufacturer went to Toyota, snapping a four-month streak in the lead by Subaru, which tied with BMW for second place in the manufacturer’s slots. Jaguar Land Rover placed third.  […] [Read More]

Litigation and settlements associated with what legal experts have warned dealers about — compliance in connection with advertising — were back at the forefront again last week; this time in the Pacific Northwest. A potential scenario discussed in Auto Remarketing’s special issue focused on advertising coming on Dec. 1 played out between Performance Nissan and […] [Read More]

The success of this year’s Used Car Week is already pushing organizers to get ready for the 2013 event. The series that included the CPO Forum, the Re3 Conference and the National Remarketing Conference drew dealers as well as automaker and auction company executives from throughout the country together for five days of events at […] [Read More]

Customers may return to the lots sooner than expected after Hurricane Sandy. In fact, according to a report released by Dataium late last week, auto shopping is already showing signs of recovery from the storm. “The report reveals that while online auto shopping declined in the days preceding the storm, the trend started to reverse […] [Read More]

RVI Group recently shared its most recent wholesale used vehicle price analysis, finding that used-car prices went up slightly in October. Analysts determined wholesale values (seasonally adjusted on two- to five-year-old vehicles) saw a small increase of 1.4 percent in October when compared to a month earlier. On a year-over-year basis, prices moved up 4.1 […] [Read More]

Joe Castle, founder and chief executive officer of Castle Auto Group as well as SOCIALDEALER will be sharing his digital expertise in a free Webinar. The session titled “Moving Your Dealership into the Digital Era,” is set for 1 p.m. ET on Dec. 5. In the Webinar, Castle will explain step-by-step how he used digital […] [Read More]

As the holidays approach, Chrysler Group employees in the Midwest are reaching out in an effort to fight hunger at Thanksgiving.  Last week, “everything from canned fruit and vegetables to cranberry sauce, pumpkin pie filling and stuffing mix” was packed up and loaded into Chrysler Group vehicles for delivery to local food pantries in the […] [Read More]