The Sanford Auto Dealers Exchange announced this week that it has struck a deal to host this year’s World Automobile Auctioneers Championship, which for the first time ever will be broadcast live over the Internet. Championship coverage — which is scheduled to kick off at 11 a.m. EST on March 30 — will be shown […] [Read More]

Inventory management company vAuto revealed Thursday that its merchandising tool RealDeal is now available to dealership sales teams in a mobile format. The merchandising system can now be used on Android phones, as well as Apple’s iPhone and iPad. Commenting on the news, Keith Jezek, vAuto president said,  “We’re pleased to complete RealDeal’s integration across […] [Read More]

With demand for petroleum growing because of the number of vehicles in use worldwide, Nissan president and chief executive officer Carlos Ghosn is ready to lead a charge for change. In a special editorial published by Forbes, Ghosn shares his reason in a piece titled,“Three Ways Carmakers Can Save the World.” “United Nations Secretary-General Ban […] [Read More]

The 2011 ADESA Auction of the Year award was unveiled on Thursday, and taking top honors is ADESA Sarasota. ADESA president and chief executive officer Tom Caruso shared the news on the company’s Overdrive blog. Caruso traveled to the Florida auction earlier this month and gave the trophy to general manager Jeff York. “It’s always […] [Read More]

Ford Motor Co. announced Thursday it has successfully completed an amendment and extension of its revolving credit facility.  As a result of the transaction, executives explained Ford’s revolving lenders have agreed to extend the maturity of commitments totaling $9 billion to Nov. 30, 2015 from Nov. 30, 2013. Prior to the amendment, the OEM indicated […] [Read More]

Ritchie Bros. Auctioneers has a two-day unreserved public auction on tap in Maryland later this month where it will have more than 440 lifting, aerial and general equipment items from United Rentals up for sale. The sale is scheduled for March 26 and March 27. The United Rentals equipment items — including things like scissor […] [Read More]

FARMINGTON HILLS, Mich. — RouteOne rolled out additional enhancements to its free Android app earlier this week. The new enrichments include the ability to forward "sent" applications to a new finance source, securely text message with supporting finance sources, get payoff quotes and capture leads into the Lead Manager within RouteOne. RouteOne also mentioned this […] [Read More]

HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers revealed late last week the details for its 14th Annual National Buy-Here, Pay-Here Conference. The conference will again be held at the Venetian/Palazzo Resort and Casino in Las Vegas, from May 16–18, the company noted. This year’s National Conference theme is “Getting Your BHPH Operations on […] [Read More]

SANTA MONICA, Calif. and ALEXANDRIA, Va. — Pentagon Federal Credit Union, which claims to be the third largest credit union in the U.S., announced today that it will continue to offer its more than a million members a reduced interest rate when using the PenFed Auto Buying Program powered by TrueCar.com. For members looking to […] [Read More]

HALIFAX, Nova Scotia — The Nova Scotia Automobile Dealers Association recently brought TD Auto Finance in as a Select Supplier for the dealer group, signing TDAF to a three-year agreement. Under the deal, TDAF will help NSADA offer value-added programs and services to its dealers, while also funding training/education programs that will be offered to […] [Read More]