AutoCanada recently entered into a new $240 million revolving floor plan facility agreement with The Bank of Nova Scotia, replacing its existing facility with Ally Credit Canada. Executives explained that the new revolving floor plan facility will be used to finance the purchase of new- and used-vehicle inventory at 21 of AutoCanada’s dealership locations. They […] [Read More]

As part of a series of training sessions scheduled during the remainder of the year, RouteOne is going to host a free Webinar titled, “Managing Adverse Action.” The upcoming Webinar set for 1 p.m. ET on Tuesday will include members of RouteOne’s legal department and product development team. Organizers are looking to educate dealers on […] [Read More]

After a strong first half of the year — including double-digit sales growth in the U.S. — the North American new-vehicle market will likely see some cooling during the rest of the year, according to LMC Automotive. For the U.S., in particular, new-car sales were steady in July; however, LMC Automotive has scaled back its […] [Read More]

The average price gap between a new car and a comparable one-year-old vehicle these days is less than 12 percent, according to Kelley Blue Book, which has found that for some models, the difference in price is less than 1 percent. More specifically, in its list of 10 New Vehicles to Buy New Rather Than […] [Read More]

According to the newest RDN Monthly Analytics Update, June recovery volumes increased 2 percentage points from May levels while June recovery orders also moved 2 percentage points higher from the previous month. RDN reiterated its Recovery Volume Trend Summary provides a rolling 29-month summary of the volume of recoveries and orders in the U.S. Officials […] [Read More]

The companies you will find listed here  are the major players in the used-car and remarketing worlds. Some are well-known pillars of the business; others are just getting their feet wet, but they are nonetheless making waves. These companies have each made the list for different reasons, but they all have made a significant impact […] [Read More]

RoadLoans.com announced recently that it has been tapped as the preferred online lender by Kelley Blue Book. And through its collaboration with RoadLoans, Kbb.com offers consumers with all types of credit the ability to obtain auto financing from a single preferred provider. From the Kbb.com site, buyers can use a secure online application powered by […] [Read More]

As the site achieved 100,000 unique visitors in July, a milestone that came just five months after its official launch, Total Car Score announced the 10 most researched models between April 1 and July 31. Total Car Score rates vehicles by aggregating reviews from the top auto authorities and scoring them on a scale of […] [Read More]

Summer arrived, and as gas prices declined, consumers seemed to begin to turn to vehicles that catered to more “heavy-duty activities,” according to Kbb.com. And the site tipped off dealers that this trend in consumer interest should help lots “offload” some of their utility vehicle inventory. [Read More]

Along with a long discussion about how satisfaction with auto finance providers is significantly higher among dealers who have a preferred relationship with their lender, the J.D. Power and Associates 2012 U.S. Dealer Financing Satisfaction Study determined which finance company ranked highest for retail leasing. Taking the top spot with score of 959 and edging […] [Read More]