On the heels of announcing the acquisition of three more franchises in California, Penske Automotive Group revealed Monday it has turned its focus to the East Coast with the purchase of Mercedes-Benz of Greenwich, located in Greenwich, Conn. The company noted the acquisition represents approximately $150 million in estimated annual revenue. The new franchise joins […] [Read More]

When asked Monday what impact Hertz Global Holdings acquisition of the company will have on remarketing at Donlen Corp., executive vice president of brand and UX Suzanne Deveney said that Donlen customers will likely benefit. “As of now, there are no changes planned in any area, including remarketing,” she told Auto Remarketing. “In fact, we […] [Read More]

No longer is either Honda or Toyota holding the No. 1 spot for brand loyalty on Kelley Blue Book’s website. The top position is still in the possession of a foreign automaker, but Hyundai ousted these traditional mainstays to take headline spot for the second quarter of this year on Kbb.com. Furthermore, site officials mentioned […] [Read More]

Cars.com on Monday brought in an experienced call-center executive to be its new vice president of operations. Tapped for the position is Josh Chapman, formerly the division vice president of ACS, a Xerox company. The site explained Chapman will oversee account management, customer service, ad operations and training of the customer support team. Cars.com highlighted Chapman brings […] [Read More]

With many Baby Boomers close to or already in retirement and older generations well into their golden years, Generation Y appears on the cusp of being the most influential in the auto market. Being able to recruit the educated young professionals in this age group more effectively may help dealerships overcome what The Manus Group […] [Read More]

Organizers of the Active Auctioneers Foundation’s second annual beach party and benefit auction said more than 300 industry professionals helped to generate more than $100,000 during more than 20 live auctions. Held on June 18 at historic Casino in San Clemente, Calif., AAF reiterated the funds gathered during the event provide financial support for individuals […] [Read More]

Lemonfree.com and Carfax announced Monday that visitors to the online marketplace will now be able to view Carfax Vehicle History Reports run by dealers directly from vehicle listings starting Aug. 1. The site also noted that a logo and text indicator will let shoppers know if a Carfax Report is available for specific vehicles. “One […] [Read More]

The Larry H. Miller Group of Companies officially opened the doors to its used-car superstore in Boise, Idaho, on Monday, marking the state’s fourth LHM dealership. The LHM Used Car Supermarket encompasses what the company calls the most up-to-date design innovations with the aim to offer best consumer experience. Managing the dealership is Nicolas Hourani, […] [Read More]

KNOXVILLE, Tenn. — ProconGPS, a mobile resource management solutions company, recently announced it has bought the patents governing repossessions in the vehicle finance industry from CalAmp Corp. The intellectual property covers methods and systems that utilize GPS technology, cellular networks and information systems to monitor loan status for a default condition on a vehicle and […] [Read More]

ANAHEIM, Calif. — Sunwest Bank funded $4.5 million in credit lines for subprime auto finance companies in June,  its senior vice president of commercial lending reported to SubPrime Auto Finance News. "We funded one for $2 million and another for $2.5 million," said Matt Rogers, of Sunwest.  "Both borrowers are indirect auto finance companies (acceptance companies) […] [Read More]