The International Automotive Remarketers Alliance revealed Friday that it has welcomed a new member. Joining the alliance is Dealer Services Corp. of Indiana. Other companies to have joined IARA recently include U.S. Bank, Remarketing of America and GE Commercial Finance and Fleet Services, among others. Meanwhile, DSC of Indiana made another big move a few weeks […] [Read More]

The automotive branch of the Larry H. Miller Group of Companies said Friday that one of its Colorado dealerships its set to reveal its new facility on Tuesday. Larry H. Miller Toyota — Colorado Springs is hosting a grand-opening and ribbon-cutting ceremony that will include high-ranking Toyota exec Bob Carter as well as Gail Miller, owner […] [Read More]

As long as it gains the necessary approvals, Canada’s Carfinco Income Fund will become a corporation at the start of next year, the company revealed Thursday. Carfinco’s board of trustees approved the proposal that would change the company to a corporation instead of being an income fund. The conversion must first be green-lighted by the […] [Read More]

Wholesale values were up on a month-over-month basis across all segments in Canada during August, as overall auction prices climbed 2 percentage points sequentially while also showing a double-digit year-over-year increase, according to OPENLANE. More specifically, the company’s Canadian Market Index came in at 107 in August, up from 105 in July and 97 in […] [Read More]

NorthStar Ford Group in Fort McMurray, Alberta, revealed this week that it has broadened its footprint in the province, opening two new stores in Calgary and Cochrane. “We are excited to announce the expansion of NorthStar Ford Group into Calgary and Cochrane. We hope this will be a great partnership and look forward to building […] [Read More]

UPDATED: Dealer Jim Smail was meeting with his fellow Pennsylvania Automotive Association board members at the Nemacolin Woodlands Resort 70 miles outside Pittsburgh on Thursday when several directors had to leave immediately. As these dealers were finding out, the wrath of the recent storms — which some project may have flood-damaged tens of thousands of vehicles — is […] [Read More]

Edmunds.com revealed Thursday that it has rolled out a new feature on the site than can help connect dealers with potential used-car buyers and generate more exposure for their used inventory. After what the company called a successful pilot, Edmunds added a used-car inventory search tool. While it helps shoppers find used cars in their […] [Read More]

The Manheim Used Vehicle Value Index ticked down again in August, but chief economist Tom Webb reacted to the reading with a cautious tone when discussing it with Auto Remarketing Thursday. “It’s not like a movement down like in the fourth quarter of 2008 when you were starting from a low base and went lower,” […] [Read More]

After six years of profitable growth, HookLogic obtained its first institutional investment Thursday. The company revealed Bain Capital Ventures is pouring $9.5 million of financing into HookLogic. Executives indicated the funding will be used to further develop their unique software-as-a-service platform that has underpinned the company’s record growth in the first half of 2011. HookLogic […] [Read More]

Wholesale prices gained some ground in August, climbing on both a year-over-year and sequential basis, according to OPENLANE, which also noticed month-over-month increases in dealer interest for three out of four segments. More specifically, the company’s U.S. Market Index came in at 107 for August, up from 105 in July and 103 in August 2010. […] [Read More]