America’s Car-Mart raised the goals for its Holiday Toy Drive, which is now in its 13th year of being orchestrated during November by the buy-here, pay-here dealership group. Since 2009, Car-Mart said in a news release that it has collected thousands of toys for kids at children’s hospitals. This year, Car-Mart’s goal is to collect […] [Read More]

TRADE X, a Canada-based cross-border automotive trading platform, said Tuesday it has teamed up with Alliance Inspection Management for used-car inspections in North America. Under the partnership, AiM will be the inspection provider for all TRADE X transactions in the U.S. and Canada. “AiM’s third-party condition reporting will help us serve our customers better by […] [Read More]

First Investors Financial Services Group now officially is a captive finance company. Stellantis announced late on Monday that it completed the acquisition of the company that previously specialized in subprime auto financing. As a result of the transaction first revealed on Sept. 1, First Investors now will be known as Stellantis Financial Services US Corp. […] [Read More]

At Roger Beasley Mazda South and its sister stores within the Roger Beasley Imports group, certified pre-owned is not a last-ditch effort or a “save-a-deal” strategy.  In fact, it’s presented right up front as a viable option — even when the customer is looking for a new car. “On the first or second pencil, however […] [Read More]

Swapalease.com determined the approval rate in September for site users taking over a vehicle lease came in at the same level as it was a year ago. Site officials said last week that the September rate approval stood at 67.6%. While maintaining the pace year-over-year, Swapalease reported that the rate actually softened a bit on a […] [Read More]

The National Auto Auction Association recognized Auctioneer of the Year Award winners last week at Charleston Auto Auction during an event that also included a visit from South Carolina Gov. Henry McMaster. Receiving the awards on Friday were Billy Carver and Bennie Smoak. The award is named after Bernie Hart, who was the executive director […] [Read More]

While not quite on the same level as the bold acquisition of the Larry H. Miller Dealerships and Total Care Auto, Asbury Automotive Group is continuing to build its dealership portfolio in the Rocky Mountains. According to a news release from Performance Brokerage Services that helped to broker the transaction, Asbury added to its footprint […] [Read More]

The top leaders of Cherokee Media Group and the National Automobile Dealers Association shared a conversation for this episode of the Auto Remarketing Podcast. In this wide-ranging discussion, Bill Zadeits asks Mike Stanton about how his past positions prepared him to lead NADA, the emergence of electric vehicles and why some parts of the used […] [Read More]

Coinciding with new credit facilities and equity financing, Point Predictive launched new products last week that aim to deliver an “unparalleled level” of visibility and control to auto finance companies tackling automation and digital transformation challenges in fraud and risk management operations. Point Predictive highlighted that its Case Manager & Rules Engine are browser-based SaaS […] [Read More]

Inovatec Systems reinforced its U.S. sales team last week by hiring Sean Toggweiler, who joins the company as director of U.S. sales for Eastern and Western states. According to a news release, Toggweiler joined Inovatec from Finastra, where his sales leadership resulted in surpassing quarterly goals by more than 150%.  Toggweiler will work alongside Brendon […] [Read More]