Now that autumn is in full swing, the need to gauge inventory as prices move on both the retail and wholesale market is even more important. To help dealers be prepared, the upcoming free Auto Remarketing Training Series Webinar is gathering experts. The next installment of the quarterly series is scheduled for Tuesday beginning at 2 p.m. […] [Read More]

It’s now official: AutoTrader.com has acquired vAuto, both companies confirmed. vAuto is now an AutoTrader.com subsidiary. According to the initial mid-September announcement of the deal, vAuto’s management team and its Oak Brook, Ill., headquarters will be kept, as will its research and development in Austin, Texas. Moreover, it was revealed at the time that founder Dale Pollak […] [Read More]

When it comes to new vehicles from model-year 2010, the top three brands for heaviest discounts all belong to the Ford family, according to TrueCar.com. What’s more, the website said in its latest TrueTrends Reports that the top four individual 2010 models for strongest discounts were all from Ford brands, as well. [Read More]

Among the various online programs that Penske Automotive Group has recently rolled out is a new site that can help Penske’s network of dealers expand their reach and connect with more shoppers. Searchable through PenskeCars.com are close to 25,000 listings of new, used and certified pre-owned vehicles that can be found at Penske dealerships nationwide. [Read More]

In light of the massive migration to warmer parts of the country that often happens this time of year as the weather gets quite chilly in some pockets of the U.S., Carmoza Auto Transport has rolled out a new program where dealers can meet the vehicle service and transportation needs for their customers who may be […] [Read More]

Officials from izmocars revealed Monday they have completely revised their vehicle stock image website to provide users with easier and more cost-efficient access to what they believe is the richest, most complete image library. Among the ways site officials contend izmocars has enhanced its offerings are: —The izmoStudio European new-vehicle stock photo collection. —New lower-priced image […] [Read More]

HAUPPAUGE, N.Y. — CU Xpress Lease, the joint venture by Fusion Auto Finance and GrooveCar, recently opened a Los Angeles-area office and chose a former Autoland executive to oversee the operations. Company executives indicated the new facility in Valencia, Calif., is meant to better serve a growing constituency of credit unions and dealers. Not only is […] [Read More]

VIENNA, Va. — A recent Financial Crimes Enforcement Network study indicates conscientious dealership staff and finance company personnel are greatly helping to squash fraudulent vehicle loans facilitated by identity theft prior to funding. FinCEN, a part of the U.S Department of Treasury, conducted extensive analysis of suspicious activity reports (SARs) citing identity theft. The network's review shows while […] [Read More]

GARDEN CITY, N.Y. — Chase confirmed today  that it has hired veteran Randy Beil as vice president and national manager of its vehicle remarketing group. His team is responsible for selling repossessed and off-lease vehicles to consumers and through dealer, Internet and auction channels. Beil has more than 20 years of experience in auto finance. Most […] [Read More]

DETROIT — The Ally Financial Board of Directors announced today it has declared a quarterly dividend payment on certain outstanding preferred stock issued to the U.S. Department of Treasury. A quarterly dividend payment was declared on Ally's Fixed Rate Cumulative Mandatorily Convertible Preferred Stock, Series F-2, of approximately $257 million, or $1.125 per share. The dividends […] [Read More]