A finance company your buy-here, pay-here operation might leverage enhanced its relationship with the National Independent Automobile Dealers Association. According to an announcement distributed this week, Lobel Financial has improved its longstanding affiliation with NIADA by becoming the association’s most recent Bronze-level National Corporate Partner. Lobel Financial is a source of full spectrum auto and […] [Read More]

Here is some cautiously optimistic projections dealerships and finance companies can take into the new year as Canadian consumers continue to prioritize their auto-loan commitments. Despite a potential slowdown in the Canadian economy over the next year, TransUnion Canada said the Canadian consumer credit market is expected to see continued growth in consumer-level debt and […] [Read More]

A pickup truck took a familiar spot as the No. 1 most-searched vehicle on autoTRADER.ca’s annual list, but moves by utility vehicles illustrate the growing “love affair” Canada has with the segment. And that comes as Canadians are losing a bit of interest in sedans, minivans and some (but not all) luxury models. According to autoTRADER.ca's […] [Read More]

Pegasystems revealed results of a consumer study about extended vehicle warranties that likely reinforce the value proposition finance managers present to their customers, but also probably reiterate store frustrations over sales penetration rates for these products not being higher. Pegasystems, a software company, said its survey revealed the majority of drivers (63 percent) do not […] [Read More]

Another consignor is enhancing its remarketing efforts by leveraging technology and high-level mathematics. On Thursday, Sagent Lending Technologies announced the integration of Manheim Market Report (MMR) into its suite of business process outsourcing (BPO) solutions for its remarketing operations. With this integration, Sagent now can leverage MMR as a key input into its proprietary pricing […] [Read More]

KAR Auction Services is responding to another request from its Canadian dealer customers who scour the salvage space. On Thursday, Impact Auto Auctions and Automotive Finance Corp. (AFC) announced the launch of real-time, convenient, seamless financing and buying options for Impact Auto Auctions customers. Impact Auto Auctions buyers can now view their available AFC credit […] [Read More]

The damp chill of Michigan in December didn’t prevent Insurance Auto Auctions from celebrating this week. The business unit of KAR Auction Services opened of its new facility in Flint, Mich. The new branch is IAA’s third strategic location serving the northern Midwest market of Michigan. The site boasts a new state of the art […] [Read More]

PureCars announced the launch last month of a multi-channel attribution platform for car dealers known as Signal Pro. The cloud-based platform is designed to give dealers insight on how digital media impacts shopper behaviors and car sales. It can provide auto-specific attribution modeling, sales data and inventory data. The Signal Pro tool aims to identify the […] [Read More]

Long gone are the days of vehicle engines with carburetors and car radios only capable of tuning AM stations. Technology dominates the convenience and safety features of modern vehicles. With Edmunds set to announce tech-driven awards next month, Autotrader put together its list this week of the Best New Automotive Technology for 2019. Autotrader editors […] [Read More]

Along with an enhanced partnership with General Motors, Enterprise Holdings this week announced the promotion of Christine Taylor to president and chief operating officer and the promotion of Carolyn Kindle Betz to president of the Enterprise Holdings Foundation. The move makes both senior executives among the highest-ranking women in the car rental, automotive and travel […] [Read More]