After releasing their report on new-car dealers earlier this month, IBISWorld came out with the Used Car Dealers in Canada Industry Market Research Report this week — a document containing numerous tidbits of good news for dealers looking forward.   Attributable in part to rising consumer demand, IBISWorld predicts used-car dealer profit and revenue will […] [Read More]

RouteOne Canada recently announced it has completed integration with General Motors’ captive finance organization GM Financial, which may simplify the credit approval process for GM dealers. All GM dealers may now send credit applications electronically through the RouteOne Canada platform as well as manage the entire scope of the credit fulfillment process, the companies reported. […] [Read More]

Vendor Transparency Solutions, an Arizona-based compliance management company, and Michael Dougherty of Weltman, Weinberg & Reis, a large creditors’ rights law firm, are announcing the launch of a series of free Consumer Financial Protection Bureau compliance webinars. Organizers indicated the webinars, each covering different CFPB topics, will be made available to auto lending institutions and […] [Read More]

In developments that likely will affect many repossession agencies, lenders’ recovery departments and repo units coming down the lanes, the American Recovery Association and National Finance Adjusters merged into one trade association today. Officials explained the new trade association will move forward under the name of the American Recovery Association. As part of the comprehensive […] [Read More]

Chase Auto Finance appointed a new chief executive officer today, succeeding Marc Sheinbaum who has asked to pursue other opportunities. Moving into the role is Thasunda Brown Duckett who previously was part of Chase's consumer and community banking division. Duckett also served as national retail sales executive for Chase's Mortgage Banking division. [Read More]

Help us honor the top women leaders in the industry! Now in its fifth year, Auto Remarketing is continuing this tradition of recognizing excellence by now opening the nominations for its 2013 Women in Remarketing Class. [Read More]

NextGear Capital recently closed a $1.55 billion securitized bank facility. Led by the Bank of Tokyo-Mitsubishi, the company highlighted the two-year securitized facility provides flexibility and tremendous lending capacity through a large six bank syndicate. Executives noted the new bank facility complements the existing privately placed AAA-rated term bond financing that NextGear Capital has in […] [Read More]

Though NADA Used Car Guide reported earlier this week that it expects wholesale prices to see start seeing increases through March, 2013 started off with some decreases in the lanes. According to RVI’s latest Market Update, wholesale values, seasonally adjusted on two- to five-year-old vehicles, saw a decrease of 3.4 percent in January when compared […] [Read More]

Find out what’s in store for the 2013 Auto Remarketing Canada Conference presented by CarProof. Event organizers have revealed the updated two-day agenda for the event as well as the most recently updated speakers. [Read More]

Most any dealer will tell you, the new- and used-car industries are directly tied to eachother. And IBISWorld’s new report on new-car dealers in Canada illustrates this very notion. The report offers a fresh take on the Canadian new-car dealer's place in the industry and provides predictions for a bright next few years. In fact, […] [Read More]