Revealed late last week, customers of Nebraska Auto Auction will now be able to scan all the inventory that’s making it through the auction’s lanes online. Utilizing online marketplace AuctionPipeline, NAA went live with PipelineSimulcast in late January, and added a second lane in February. Now, with the addition of PiplineSimulcast to the auction’s third […] [Read More]

Officials with KAR Auction Services say the technology crafted by the company’s AuctionTrac subsidiary can allow wholesale sellers to be more productive and time-efficient during sales. The features in AuctionTrac’s system can help sellers to monitor their inventory and make the check-in and check-out processes run quicker, as well as locate several vehicles simultaneously. AuctionTrac […] [Read More]

On Friday, Group 1 Automotive revealed it has purchased a dealership in Merriam, Kan. Shawnee Mission Hyundai is expected to generate $50 million in estimated revenues. “Group 1 is pleased to add a fourth Hyundai franchise to its portfolio and expand its presence in the Kansas City metropolitan area where we presently operate large BMW […] [Read More]

SALT LAKE CITY — Prestige Financial Services recently completed its ninth rated term securitization, issuing $230,071,000 in securities backed by $244,756,951 in auto installment receivables. In a transaction led jointly by J.P. Morgan Securities and Wells Fargo Securities, the company explained notes were purchased by qualified institutional buyers and accredited investors in a private offering […] [Read More]

MINNEAPOLIS — Wolters Kluwer Financial Services recently announced Marine Coast Financial — a company that initiates financing for marine dealerships in the western United States — joined the AppOne platform. Wolters Kluwer reiterated AppOne can help to automate the indirect lending, credit approval and compliance processes for lenders and the dealerships they work with. The […] [Read More]

DETROIT — As the top auto finance provider in the U.S., according to AutoCount by Experian Automotive, Ally is continuing its strong momentum, with solid year-over-year growth in total vehicle financing (up 27 percent). Ally continues to grow across its new- and used-vehicle financing business, as well as leasing. Ally has also nearly doubled its share […] [Read More]

SANTA MONICA, Calif. — TrueCar revealed a new vice president of dealer development late last week, and appointed to the position was Ken Potter. His responsibilities in the new role include managing field sales and inside account management teams, as well as fostering strong relationships with dealerships and representing the company at industry events. "We are […] [Read More]

Are the car stereotypes true? Do Democrats own small hybrids, and Republicans drive full-size pickups and SUVs? Being that 2012 is a presidential election year, Strategic Vision collected the political party choice of more than 76,000 new-vehicle buyers who made a purchase during the past two years. Among the findings about party affiliation, what models […] [Read More]

In the first installment of exclusive AuctionNet Wholesale Price and Forecast Data provided by NADA Used Car Guide to Auto Remarketing, wholesale prices remain consistent, but the effect of rising gas prices is “undeniably evident,” the organization stressed. And some segments, though not normally thought of as gas sippers, are also benefiting from the spring […] [Read More]

Lexus contends it is “raising the bar again” in regard to customer service by partnering with its franchised dealers to create two new certified store positions. Announced Thursday, Lexus explained the vehicle delivery specialist (VDS) will introduce customers to their new units and review the features of each model. Meanwhile, the brand highlighted the vehicle […] [Read More]