Total bankruptcy filings in 2019 registered the first year-over-year increase in eight years, according to analysis from the American Bankruptcy Institute (ABI). ABI officials reviewed data provided by Epiq Systems and found total bankruptcy filings during 2019 increased 0.28% from 2018. Total filings edged up to 757,497 cases in 2019 from 755,353 filings during 2018. […] [Read More]

As your finance company’s underwriting department receives applications from your dealership network, there’s a notable possibility the person looking to acquire a vehicle also is carrying a fair amount of student loan debt. According to a recent estimate from the American Bankruptcy Institute (ABI), nearly 18% of American adults have student loan debt, collectively owing […] [Read More]

The Ford F-150 is the most popular used car in Atlanta. It’s also the most popular in Austin, Texas. The same goes for Charlotte, N.C., Denver and Houston. In fact, a new study from car search engine iSeeCars.com shows the F-150 to be the most popular used car in almost half of the most populous […] [Read More]

A five-point customer-focused growth plan is driving used-car volume at Crown Automotive Group. Crown operates 25 dealerships in Florida, Ohio and Tennessee, retailing luxury and domestic brands along with factory-certified pre-owned vehicles and a selection of “Crown Certified” used cars. Crown’s used-car operations averaged a combined 850 monthly sales in 2019. Volume was up 8%, […] [Read More]

Many Americans are concerned about global warming and vehicle emissions, according to market research company Ipsos. But only 30% surveyed in a recent Ipsos study said they would buy an eco-friendly vehicle. Ipsos set out to find out, Why is there a disconnect between environmental beliefs and automobile selection? According to the study, which is […] [Read More]

Zeigler Automotive Group on Monday said it has acquired three new luxury dealerships in Schaumburg and Hoffman Estates, Ill. Zeigler said its acquisition of Mercedes-Benz and Sprinter of Hoffman Estates, Jaguar Land Rover Schaumburg, and INFINITI of Hoffman Estates from Motor Werks Auto Group owners Mick Austin and Paul Tamraz is its largest acquisition in […] [Read More]

Before 2019 wrapped up, OCM Auto Financing Group gained more funding horsepower to propel its business this year and down the road, too. The Ottawa-based subprime auto lender secured a $10 million credit facility from Toronto-based lender Bridging Finance Inc. (BFI), which is one of Canada’s leading credit management firms with more than $1 billion […] [Read More]

The opening days of 2020 have been eventful for iA Financial Corp. Inc., the holding company of iA Financial Group. The company announced on Friday that it acquired three companies specializing in vehicle warranties in Canada: WGI Service Plan Division and WGI Manufacturing, two subsidiaries of C. Walker Group, located in Vancouver and Scarborough, Toronto, […] [Read More]

Based on reports shared by automakers with Auto Remarketing Canada, 2019 was another strong year for the certified pre-owned vehicle market in Canada, with multiple OEMs reporting sales records.  For example, Mercedes-Benz had its best-ever year for CPO sales, moving 14,223 units and beating prior-year figures by 2.8%. That record year included five record months […] [Read More]

FRISS, a company dedicated to combating insurance fraud using innovative IT software, and the National Insurance Crime Bureau (NICB), a not-for-profit organization dedicated exclusively to fight insurance fraud and theft, recently announced the two organizations entered a strategic partnership. NICB gathers, analyzes and disseminates information to support its member companies in detecting fraud. Officials said […] [Read More]