Many news articles have covered what the auto industry has described as a critical shortage of service technicians. In appreciation to those technicians currently making a strong contribution, an Auto Care Association program has honored a new round of recipients with its 2019 World Class Technician award.    In partnership with the National Institute for […] [Read More]

A new strategic partnership and technology-sharing agreement means Canadian automotive retailers advertising their inventory on TRADER Corp.’s automotive marketplace will have access to a new car image library featuring professionally produced photos for most major OEM new vehicles. The agreement between TRADER Corp. and Car Media 2.0 will provide TRADER customers access to the Car […] [Read More]

Thursday is the best day for auto dealership traffic in Canada. Consumers are keeping their cars an average of 11.5 years. According to research from global data company Freckle IoT, those are just two of many pieces of information that auto dealers should know, as targeting the correct core audience becomes more important. Freckle IoT […] [Read More]

During NADA Show 2019, Nick shared a conversation with ADESA Canada chief operating officer Trevor Henderson about how the wholesale market behaved in 2018. Along with assessing the volume migrating from Canada into the United States, Henderson also described how both dealerships and commercial consignors are making the most of their auction opportunities. The full […] [Read More]

An executive with nearly 20 years of experience with Consolidated Asset Recovery Systems and Dealertrack now is part of the leadership team at Servicing Solutions. The loan servicing organization specializing in primary and back up servicing announced on Wednesday that its new vice president of sales is Garrett Cline. “I’ve known Garrett for years, and […] [Read More]

With Cox Automotive experts suspecting that “credit will likely tighten as the appetite for subprime declines,” the company also shared the makes that have the largest penetration of subprime retail installment contracts and vehicle leases so far this year. Cox Automotive chief economist Jonathan Smoke reviewed the much-publicized data recently released from the Federal Reserve […] [Read More]

As the company announced its new Device-as-a-Service (DaaS) subscription business model, CalAmp chief executive officer Michael Burdiek explained the three main elements within the DaaS space that make it attractive and potentially profitable. In additional comments sent to Auto Fin Journal augmenting this week’s news release, Burdiek pointed out the revenue opportunities stem from a […] [Read More]

Making sure they buy the right used-vehicle inventory at the right price is just one issue that auto dealers face. They must also make sure that price brings them optimal profit and turn rate. J.D. Power and technology company CarStory had those dealer concerns in mind when they developed an app that they say provides […] [Read More]

While perhaps dealers might be seeing some instability at their stores, what they’re experiencing in the auction lanes appears to be the opposite based on what Black Book shared in its latest installment of the Market Insights report. Editors found that value decreases last week for both cars and trucks both landed within 5 basis […] [Read More]

Groupe PSA describes Peugeot as “an iconic, two-centuries-old brand.” With that in mind, the company has named Peugeot as its chosen brand in its move back into the North American market. The company stated that Groupe PSA will market Peugeot on five continents when it introduces the brand in North America. Groupe PSA further describes Peugeot as […] [Read More]