Auto Remarketing has learned that the owners of ADE Auctions Inc. recently bought an auction property in Ocala, Fla., marking the company’s third facility in the Sunshine State. Today, Michael Tumminello and Jeff Brody announced the acquisition of the facility formerly known as Big Sun Auction; the property has been renamed Ocala Auto Dealers Exchange, […] [Read More]

It was announced Thursday afternoon that KAR Auction Services subsidiary AuctionTrac has rolled out a free mobile application for dealers. Officials noted that AuctionTrac Dealer “was designed specifically with the in-lane auction buyer in mind.” The app is available now for the iPhone and iPad, and the company expects it to be accessible on the […] [Read More]

Approaching their final stretch,the Olympics have led TV ratings and been the center of water-cooler discussions, with the spotlight centered on such athletes as Michael Phelps, Gabby Douglas and Usain Bolt. And for the second week in a row, Kbb.com’s Hot Car Report is showing automakers lucky enough to notch TV advertising spots during the games […] [Read More]

AutoUSA Internet Sales Solutions recently introduced Payment Pro powered by DriveItNow, a payment-based conversion tool for dealer websites. Officials explained Payment Pro is a service that can provide online shoppers with instant, real vehicle loan payments based on individual credit and inventory eligibility, generating pre-qualified, first-party leads from dealer websites. [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} LAKE SUCCESS, N.Y. — Fueled by across-the-board gains during the second quarter along with […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE LOS ANGELES — Seen as another way to extend its pattern of record growth, Westlake Financial Services revealed this week that it secured a $200 million commercial paper conduit through Royal Bank of Scotland. Westlake also highlighted JP Morgan recently joined with RBS to increase the credit […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE MINNEAPOLIS — This week, Wolters Kluwer Financial Services added new content to the motor vehicle indirect lending module of its CompliSource solution. The company explained the new After Market Summary is designed to help manage compliance with state and federal laws governing the retail installment sales and […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} FARMINGTON HILLS, Mich. — As part of a series of training sessions scheduled during […] [Read More]

While Honda Canada’s combined certified pre-owned sales for its Acura and Honda brands in July was essentially static with the year-ago period (down less than 0.5 percent), both divisions are seeing double-digit gains when it comes to year-to-date CPO growth. “Honda CPO sales continues its successful sales year. Currently, we are 12.6 percent up in […] [Read More]

AutoCanada recently entered into a new $240 million revolving floor plan facility agreement with The Bank of Nova Scotia, replacing its existing facility with Ally Credit Canada. Executives explained that the new revolving floor plan facility will be used to finance the purchase of new- and used-vehicle inventory at 21 of AutoCanada’s dealership locations. They […] [Read More]