Deeper dive into rising LTVs with TransUnion’s Satyan Merchant
One of the notable findings from TransUnion’s Q2 2026 Credit Industry Insights Report (CIIR) was how much loan-to-value ratios have changed in the past five years. Satyan Merchant, one of this year’s Automotive Intelligence Award recipients and senior vice president ... Listen Here
PayNearMe chief product officer John Minor on intersection of payments & technology
PayNearMe recently shared new search, explaining that hidden costs sustained by auto lenders can show up as failed payments, borrower support calls, late payments, collections follow-up, reconciliation work and manual recovery effort. PayNearMe chief product officer John Minor elaborated about ... Listen Here
Matt Babcock of Wolters Kluwer on how digital transformation continues to gain steam in auto financing
Matt Babcock, who heads up digital lending product strategy for Wolters Kluwer, returned for another visit on the Auto Remarketing Podcast. Wolter Kluwer recently released its latest quarterly Auto Finance Digital Transformation Index. Babcock recapped the sustained upward trajectory the ... Listen Here
Challenging month for CPO car sales in Canada
Joe Overby, Senior Editor
Much like the U.S. set, the Canadian certified pre-owned vehicle market appeared to have struggled in March, amid the COVID-19 pandemic. Here’s a rundown of how a few automakers fared, based on results shared with Auto Remarketing Canada: Toyota had ... [Read More]
Serpa’s stress-reducing measures include ‘one price’ online store
Auto Remarketing Canada staff
Saying it has “radically revamped its operations to reduce stress” during the COVID-19 outbreak, Serpa Automotive Group has introduced a “one price” online store while continuing its dealer operations. The company’s founder and dealer principal Frank Serpa, noting his company ... [Read More]
Next generation of automotive leaders: Dealers talk recruiting, retaining & changing perspectives
Sarah Rubenoff, Correspondent
[EDITOR'S NOTE: This story appears in Auto Remarketing Canada's Women & Automotive Profiles in Leadership issue. Reporting for and writing of this story was conducted prior to the COVID-19 pandemic's most severe impact on the auto market] According to McKinsey ... [Read More]
Eco-minded ridesharing platform expands to Ottawa
Auto Remarketing Canada staff
Pushed in part by the coronavirus crisis, Facedrive, a Canadian ridesharing platform that allows passengers to request rides in electric, hybrid or gas-powered vehicles, has expanded to Ottawa. The company says it is a peer-to-peer, eco-friendly and socially responsible ridesharing ... [Read More]
CARFAX Canada provides COVID-19 update
Auto Remarketing Canada staff
CARFAX Canada knows that the COVID-19 crisis is having a profound effect on its customers and employees. The company said it is committed to supporting its partners and listed several steps it is taking in that area. First, the company ... [Read More]
Canadian dealer groups respond to COVID-19 pandemic
Joe Overby, Senior Editor
UPDATED: Story has been updated to reflect OpenRoad's new strategy. In light of the COVID-19 pandemic, here is a roundup of how some dealer groups in Canada are responding, AutoCanada, a dealership group with locations in eight Canadian provinces and ... [Read More]
TRADER Corp. lowers prices to help dealers through crisis
Auto Remarketing Canada staff
Working to support auto dealers that are “seeking financial flexibility while navigating the economic impact” of COVID-19, TRADER Corp. is offering Canadian dealer partners a 50% price reduction on all autoTRADER.ca marketplace products. The nationwide marketplace price reduction plan is ... [Read More]
Canadian Black Book’s opening wholesale and retail forecast amid COVID-19
Auto Remarketing Canada Staff
The Canadian Black Book analyst team released a comprehensive look at the country’s automotive wholesale and retail landscapes as auctions, dealers and finance companies all navigate the business challenges brought on by COVID-19. Analysts began their report by recapping last ... [Read More]
Company offers free sanitizer product to its dealer partners
Auto Remarketing staff
After its recent acquisition of Diamond Kote and its chemical manufacturing operation, WGI Manufacturing, iA Dealer Services has retooled its chemical production capabilities and worked with its chemist to produce what it says is a high-quality hand sanitizer. The company ... [Read More]
Auto industry mentorship in 2020: Alternative methods, business connections & the manager’s role
Sarah Rubenoff, Correspondent
The times may have changed, yes. Yesterday’s business lunch is today’s LinkedIn connection. But the foundation of a quality mentor/mentee relationship remains much the same. “One of the foundations of mentorship is really understanding what your goal is in looking ... [Read More]
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