Ally Financial SmartAuction handed out its SmartLane Auction of the Year Award earlier this week. Receiving the honor was Greensboro Auto Auction, based in Greensboro, N.C. SmartAuction highlighted that Greensboro AA was the No. 1 seller of vehicles in the company’s premier open auction lanes last year. The achievement marks the second consecutive year Greensboro […] [Read More]

In what gives the group’s dealers another selling point to move used units, Sonic Automotive customers will now be offered a three-month free Sirius XM radio subscription when they purchase a pre-owned vehicle equipped with satellite radio at any of the retailer’s 108 rooftops. The two companies revealed the partnership on Thursday. Commenting on the […] [Read More]

Announced this week, Innovative Funding Services has teamed up with fleet management company PHH Arval. Through this partnership, PHH will offer IFS as a potential funding source for its clients’ employees wishing to purchase their fleet vehicles, officials explained. [Read More]

As high gas prices lead consumers to search for fuel-efficient models that still fit their needs, NADAguides has compiled a list of what it contends are the most versatile 2012 models on the lots. The list of the top 10 most versatile vehicles from NADAguides also aims to be budget friendly, with all units coming […] [Read More]

AUSTIN, Texas — Announced this week, Innovative Funding Services has teamed up with fleet management company PHH Arval. Through this partnership, PHH will offer IFS as a potential funding source for its clients’ employees wishing to purchase their fleet vehicles, officials explained. Commenting on the news, Dan Craney, PHH Arval manager for vehicle remarketing, noted, […] [Read More]

IRVINE, Calif. — Non-prime financing company for dealers CarFinance Capital LLC recently revealed the opening of a new office in Fort Worth, Texas. The new facility is expected to eventually house up to an additional 125 employees.  The new Fort Worth office will house CarFinance Capital's portfolio management group and credit staff for the Central […] [Read More]

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AutoCanada Inc. announced earlier this week that its plan to buy a non-voting equity interest in an Edmonton, Alberta Chevrolet dealership has been given the OK from General Motors of Canada. This marks AutoCanada’s first investment with a GM Canada store. The purchase will be for a 31-percent non-voting equity stake in Nicholson Chevrolet, which […] [Read More]

The Ontario Motor Vehicle Industry Council has levied a charge against an Amhertsburg dealership and two members of its senior management for “engaging in an unfair business practice” that violated the Consumer Protection Act, 2002. Specifically, Clarke Chevrolet Buick GMC Limited, James A. Clarke and Jesse Ryan Howell are being charged with “engaging in an […] [Read More]