AutoTrader.com’s deal to acquire VinSolutions has closed, meaning VinSolutions is now officially an AutoTrader subsidiary. The purchase agreement was originally revealed on May 18, and late last week, AutoTrader announced the transaction’s completion. As some may know, VinSolutions provides such tools as customer relationship management, Internet lead management and inventory management solutions, as well as […] [Read More]

Continuing the evolution of how physical auctions operate, ServNet owners recently asserted the group’s focus on technology with the launch of a branding campaign that established AuctionPipeline as the Internet platform for ServNet auctions. “In emphasizing what we as ServNet auctions do to deliver auction service of the highest caliber to our customers across the […] [Read More]

AutoUSA recently launched ShowPro powered by HookLogic, an incentive solution for dealers aimed at increasing incremental sales by turning more Internet leads into “shows.” ShowPro can allow dealers to offer a financial incentive to in-market customers, motivating them to visit the dealer’s showroom. ShowPro also can provide dealers with territorial exclusivity, designed to ensure that […] [Read More]

In light of the supply dearth, several Japanese models are seeing significant gains in the number of consumers looking to buyout existing leases on the vehicles, according to LeaseTrader.com. The shoppers see this as an alternative method of car buying, the site indicated. What’s more, with high used values on these units, some customers will […] [Read More]

In today’s digital business environment, automakers are turning more and more to alternative methods to showcase their products to consumers. Ford, for one, has jumped into a rather unique advertising platform with its marketing program revealed last week. The automaker is hoping to generate exposure for its Fiesta and Edge products by reaching out to […] [Read More]

Automotive Resources International recently welcomed its area’s U.S. House representative to its global headquarters, connecting with the elected official whose family has history in the auto industry. ARI hosted Rep. Jon Runyan, who represents New Jersey’s 3rd District, so the congressman could gain a better understanding of ARI, parent company Holman Automotive Group, and the […] [Read More]

Carfinco Income Fund saw its pre-tax earnings hit an all-time high for the eighth consecutive time during the first quarter, as the company enjoyed closed to a 70-percent gain from the year-ago period. Specifically, Carfinco pulled in pre-tax earnings of $5.5 million, a 69.2-percent year-over-year increase. This pushed Carfinco’s record streak to two full years, […] [Read More]

Canadian Black Book has rolled out a new online product for dealers that is designed to help when it comes to online lead generation and used-vehicle sourcing. Lead Link can help dealers to: —Offer information to help attract more customers. —Connect with website customers. —Offer a third-party appraisal via Canadian Black Book.. —Trim time off the […] [Read More]

May wholesale values dropped more than 6 percent from April, according to the latest ADESA Canada Used Vehicle Price Index report, which indicated that every vehicle segment saw its auction price fall, something that has not happened in six months. More specifically, ADESA’s data — powered by ALG Canada — indicated that the index showed […] [Read More]

As they struggle to fulfill inventory needs on both the new-car and used-car sides this summer, Toyota dealers received some positive news Thursday. The automaker revealed it expects North American production levels will be fully restored in September. So why is this such good news? When a dealer can’t offer a new-vehicle option to a consumer, the […] [Read More]