Canadian auto borrower debt for the first quarter jumped more than 12 percent year-over-year, but TransUnion indicated in its quarterly analysis one mitigating factor that is offsetting this moderate increase. Furthermore, auto delinquency rate was down, which is also good news. [Read More]

General Motors dealers could have a choice for new inventory floor planning besides Ally Financial. Auto Remarketing confirmed Wednesday that GM Financial intends to create its own floor planning program for franchise dealers. The company hopes to have at least a pilot program in place by the end of this year. “There are not many […] [Read More]

While analyses from two different firms point to differing perspectives on automaker incentive spending, one thing appears to be quite clear: automakers were quite averse to laying down incentives during May. According to a report from Edmunds.com, they were particularly hesitant to put incentives on small cars as demand for these units climbed in light […] [Read More]

CarGurus scoured more than 1,000 written reviews posted on its website during the past six months and found five clear reasons why some dealers are loved by shoppers while also listing the top five reasons why some dealers are found to be not so appealing. Site officials discovered poor communication and deceptive business practices were […] [Read More]

Members of the New England Motor Press Association and WheelsTV’s writers and analysts on Tuesday revealed the 2011 WheelsTV POV of the Year — presented annually to one generation of a pre-owned vehicle. The year’s honor went to the Ford Fusion from the 2006 through 2009 model years. To qualify for the award, officials explained […] [Read More]

Gas prices have begun to come down from the dramatic surges spotted this spring but are still at relatively high levels. In light of high fuel costs, NADAguides shared recently what it has found to be the fuel-friendliest rides. Leading the way on the NADAguides Most Fuel Efficient Vehicles list — which is broken down […] [Read More]

When automakers begin reporting May results today, the seasonally adjusted annualized rate for retail new-vehicle sales likely won’t reach the 9.5 million unit level, according to J.D. Power and Associates. The last time the industry failed to hit this mark was nine months ago. The overall SAAR is expected to miss the 12 million unit mark, […] [Read More]

As a place to foster discussion and share ideas and industry event details, Auto Remarketing’s community on LinkedIn continues to strengthen. Auto Remarketing’s home on the business social networking site now includes more than 1,000 members who all hold vital roles at auctions, dealerships and other remarketing companies. “As with much of the rapid growth in social […] [Read More]

Coming within days of Chrysler announcing it would completely pay off its U.S. and Canadian government loans, Fiat notified the U.S. Department of Treasury of its intent to secure a larger stake in the Big 3 OEM. The Italian automaker said late last week it plans to exercise its option to purchase the Treasury’s interest […] [Read More]

Celebrating 25 years of providing protection to Canadian auto shoppers, the Motor Vehicle Dealers Compensation Fund commemorated its silver anniversary earlier this week at the Annual and General Meeting of the Ontario Motor Vehicle Industry Council. “We can actually say that Ontario’s consumers are learning to ‘Buy with Confidence’ from provincially-registered dealers who maintain this […] [Read More]