Provider Exchange Network, a division of Open Dealer Exchange, announced Wednesday that it has agreed to integrate with the OptionSoft Technologies F&I Menu. Officials believe this integration will allow OptionSoft to better serve its thousands of dealers via PEN’s streamlined electronic rating, forms and contract booking connection. The company reiterated that PEN is designed to […] [Read More]

Auction volume in the first half of 2012 was roughly even from the same period of 2011, according to the National Auto Auction Association, which said all but one of the nation’s five regions saw an increase. NAAA also forecasts that 2013 will show a “noticeable overall gain” in auction volume, thanks in part to […] [Read More]

The used vehicles that customers search for online may not be the ones they end up buying — that’s the initial indication of data compiled by vehicle shopping site Mojo Motors. The company spoke exclusively to Auto Remarketing on Tuesday, noting that a preliminary study of its search and purchase data reveals discrepancies in used-car […] [Read More]

A couple weeks ago, used-vehicle manager Betty Ballantyne started thinking about the “wheel of fortune” at Irwin Automotive Group’s Ford and Toyota stores in Laconia, N.H. Ballantyne says, “We sold four trades against what could have been a mini new vehicle deal. It was unusual that we had that many. It triggered a thought — […] [Read More]

ADESA Buffalo marked its 20th anniversary earlier this week with a fun-filled Customer Appreciation Sale. Auction management highlighted that dealers were welcomed to the event with a hot breakfast buffet and a “swag” bag filled with gifts. The day continued with a number of entertaining games and contests. Customers showed off their passing skills for […] [Read More]

A month-long celebration will soon be under way in Phoenix, as Dealers Auto Auction of the Southwest marks its 10th anniversary. Meanwhile, in Iowa, another ServNet auction is now entering its 50th year in the lanes. DAA of the Southwest has planned an October-long event that focuses on one lane each week in October, highlighting […] [Read More]

Celebrating the release of the Honda 2013 Accord, one Florida dealership is holding a contest for two local high schools. AutoWay Honda revealed  it will be hosting the “AutoWay Honda 2013 Accord Challenge” this coming Saturday. The AutoNation dealership, located at 17275 US Highway 19 North, Clearwater, Fla., noted the new 2013 Honda Accord has […] [Read More]

At an upcoming Las Vegas event, Barrett-Jackson will auction off six charity vehicles, the proceeds of which will go to a variety of nonprofits. The vehicles will be available at the upcoming Las Vegas auction held at Mandalay Bay Resort & Casino Sept. 20–22. "This year's Barrett-Jackson charity vehicles support some of the nation's most […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 PHOENIX and DALLAS — A regulatory filing with the Securities and Exchange Commission confirmed DriveTime Automotive Group, its shareholders and certain affiliates entered into definitive agreements with Santander Consumer USA. Officials explained that DT Acceptance Corp. and its subsidiary, DT Credit Co., will sell its finance […] [Read More]

NEW YORK — Coming off a historic low, the auto loan default rate ticked higher last month, according to August data reported by S&P Dow Jones Indices and Experian for the S&P/Experian Consumer Credit Default Indices. The auto rate edged up to 1.09 percent in August, up from July's rate of 1.01 percent. Meanwhile, analysts […] [Read More]