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This Month's Focus

Turbocharged Finance
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Latest two moves by US Bank have dealers & OEMs in mind
U.S. Bank made a pair of moves last week geared to boost its position in automotive with dealerships and OEMs. First, U.S. Bank said it is launching redesigned BMW, MINI and BMW Motorrad Mastercard credit card products that offer cardholders ... Read More
TransUnion and Bankrate collaborate to broaden credit offers  
TransUnion and Bankrate want to make it easier for millions of Americans to find personalized credit offers that meet their needs. On Wednesday, the companies announced they’re working even closer together to deliver smarter matching by combining Bankrate’s lender marketplace ... Read More
COMMENTARY: The LLM compliance paradox & separating conversational AI from quantitative underwriting
It’s hard to open a newspaper or read a tech article today without seeing at least some mention of large language models (LLMs) and their usage in just about any industry. The auto lending sector is no exception, with LLMs ... Read More
Ben Sporn of VIP Automotive Group Takes DIY Approach to AI
Ben Sporn is the chief marketing officer of VIP Automotive Group on Long Island, N.Y. , where he runs operations and artificial intelligence projects at his family’s 10-store dealer group. He also has a tech background, having worked for Google ... Listen Here
SPONSORED PODCAST: Securing the Vehicle Handoff with Secure Vehicle Transfer
In this episode of the Auto Remarketing Podcast, Bill Zadeits speaks with Lainey Sibble and Eric Schwartz from Central Dispatch about the newest technology impacting vehicle transport: Secure Vehicle Transfer. Learn more about this impactful technology and how it’s helping ... Listen Here
SPONSORED EPISODE: High-quality used inventory via the service drive with AutoHub’s Dan Gaughan
Some of the best used-car inventory a dealer could want is sitting right in their own service lane every day. In this special sponsored episode of the Auto Remarketing Podcast, AutoHub general manager Dan Gaughan took dealers through a proven ... Listen Here

Canadians Vote Honda & Toyota Tops For Quality

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Sarah Rubenoff, Auto Remarketing Canada Editor
It seems the vehicle preferences of Canadians haven’t changed much in the last year, as the 2014 iteration of ALG’s Canada Brand Perception of Quality (BPQ) rankings look very similar to the 2013 edition. Once again, Honda, Toyota and Volkswagen are tops ... [Read More]

TRADER Exchange Launches In Ontario Market

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Auto Remarketing Canada Staff
As of last week, Ontario dealers now have another choice when acquiring and selling inventory online. TRADER Corp. has officially launched its dealer-to-dealer TRADER Exchange platform to the Ontario market. The new online auction product launched last week with 230 ... [Read More]

Auction Prices Weakening This Fall

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Sarah Rubenoff, Auto Remarketing Canada Editor
October — a seasonally weak month in the lanes — didn’t bring any surprises this time around. According to the ADESA Canada Used Vehicle Price Index, after being adjusted for seasonality, wholesale prices fell by an average of 0.2 percent ... [Read More]

Carfinco Reports Record Originations for Q3

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Sarah Rubenoff, Auto Remarketing Canada Editor
Carfinco Financial Group Inc. — who recently penned a deal to be acquired by Banco Santander for $300 million — announced its third quarter results today, showing record loan originations and low delinquencies. Highlights for Q3 included what company management ... [Read More]

SiriusXM Canada Subscriber Wins Her Wheels

sirius xm car winner
Auto Remarketing Canada Staff
SiriusXM Canada recently announced the winner of its summer Win Your Wheels contest. Bonnie Stimers, a resident of Peterborough, won up to $40,000 to use toward a new or used vehicle purchase. The contest, which was available to any customer ... [Read More]

Mazda Canada Offers Unlimited Mileage Warranty

2015-Mazda6
Auto Remarketing Canada Staff
Mazda Canada Inc. announced a move today that may help its franchised dealers in their quest for customer retention, loyalty — and, of course, more trade-ins. The company has launched a new unlimited mileage warranty, which puts an end to ... [Read More]

AutoCanada Reports Best Quarter Ever

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Sarah Rubenoff, Auto Remarketing Canada Editor
After adding to its impressive acquisition lineup this year with the purchase of flagship BMW and Mini dealerships in Quebec, AutoCanada reported its best quarter ever as well as a few changes to its top management in light of recent ... [Read More]

CarProof Looking To Tackle All Aspects of Remarketing Biz

cars on road today
Sarah Rubenoff, Editor
With the recent announcement that the company will be entering the vehicle valuation market, it is evident CarProof has had a busy couple of years. Just last year, it jumped into the reconditioning market with its new RECON tool, and ... [Read More]

AutoCanada Acquires Quebec’s Flagship BMW & MINI Stores

BMW 5-Series in City
Auto Remarketing Canada Staff
AutoCanada Inc. announced Wednesday it has received approval from BMW Canada to purchase an 85-percent interest in the assets, including land and building, of Auto Boulevard St. Martin Inc. Auto Boulevard owns and operates BMW Laval and MINI Laval in ... [Read More]

7-Point Hike for Manheim Canada Used Price Index

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Auto Remarketing Staff
The October reading of the Manheim Canada Used Vehicle Value Index was 7 points stronger than the year-ago level and almost 5 points higher than September’s index, according to an analysis provided by Manheim this week. Among the individual segments, ... [Read More]

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