To help celebrate its 20-year history as an upstream remarketing platform for OEM, captive finance, financial institution and fleet customers, OPENLANE took part in several charitable activities. One was a $5,000 donation to JDRF, a global organization that funds type 1 diabetes research. On Oct. 10, 25 employees from the OPENLANE Toronto innovation and technology […] [Read More]

While the overall automotive industry might be relatively healthy, no doubt there are dealerships struggling with aged inventory, auctions stressed to keep commercial consignors satisfied and finance companies wringing their hands over compressed margins and wavering portfolio performances. But if you would please indulge me for a couple of moments to convey what’s happening in […] [Read More]

Ruggedness, durability and iconic design. Those are reasons why Jeep Wranglers are known for retaining their value, said iSeeCars chief executive officer Phong Ly. “Because of Jeep’s loyal following, their demand outstrips supply in the used-car marketplace, leading to high resale values.” Ly said in a news release. Jeep models account for the top two spots […] [Read More]

Through a collaboration between Hyundai, Pony.ai and Via, Irvine, Calif., residents can use an app to hail an autonomous Hyundai KONA Electric SUV directly from their smartphone. The companies last week unveiled BotRide, which they describe as a shared, on-demand, autonomous vehicle service operating on public roads. Starting on Monday, a fleet of self-driving KONAs […] [Read More]

Rapid adoption of electric vehicles — a scenario in which EVs represent 30% of Canada’s vehicle stock, compared to less than 3% today — would reduce domestic oil consumption by about 252,000 barrels per day, according to Ernst and Young, or EY. That scenario could result in more new Canadian oil & gas and power […] [Read More]

With only a couple of months remaining in the year, J.D. Power Valuation Services is holding steady on its forecast for where wholesale prices are likely to land by the time 2019 finishes. Reiterating its forecast even though six consecutive months of index increases came to an end in September, analysts said used-vehicle prices are […] [Read More]

A fintech company that says it regularly processes more than $2 billion in mortgages and consumer loans daily in connection with providers such as Wells Fargo and U.S. Bank now is getting into the auto-finance business. This week, Blend launched a new auto financing product, advancing what the digital lending platform calls its mission to bring […] [Read More]

Instead of dealers walking around with wads of cash in their pockets to give to potential car buyers and service drive customers, findings from a recent study conducted by daVinci Payments described different approaches dealerships could be using. The study found that customers in the market for a new vehicle can be significantly incentivized to […] [Read More]

Automotive Personnel founder and chief executive officer Don Jasensky addressed what he believes is the most common hiring mistake employers make. The National Automotive Finance Association board member discussed when dealerships and finance companies might pass on a potentially high performing candidate because the individual did not “blow you away” or “show a lot of […] [Read More]

A “long time ago” and before his days with Apple, Steve Wozniak had a Jaguar. “And it broke down a lot. Things were broken on it a lot,” Wozniak told a group of reporters at J.D. Power’s Auto Revolution conference here last week. “And I took it into the dealer and instantly, every time, they […] [Read More]