Alliance Auto Auction Group believes in giving back and selects a charity to support every year.  Chief operating officer Christopher Dean and chief executive officer Tim Adams set out to find a local charity, one that had an impact on abused and exploited children. After attending a benefit dinner, and hearing about the Poiema Foundation, they […] [Read More]

Once again proving their popularity among car buyers across the country are SUVs, which dominate the latest iSeeCars list of top 10 vehicles with the highest average annual mileage after 10 years on the road. While the average 10-year-old-vehicle is driven 11,518 miles per year, iSeeCars found that nine out of the top 10 models […] [Read More]

Experian Automotive reported that credit unions held 21.3 percent of the market share of all auto financing after the first quarter of this year, up from 20.0 percent a year earlier. And GrooveCar released a white paper this week in hopes credit unions can boost that share figure even more. GrooveCar highlighted the white paper […] [Read More]

Back in October 2015, AFS Acceptance chief executive officer Dov Szapiro explained why his company’s decision to sell 65 percent of its equity to Mexican finance institution Credito Real “could not have occurred at a better time.” Now this summer, a rebranding initiative and expansion strategy are in full swing for the subprime auto finance […] [Read More]

Fintech business Canada Drives has now officially expanded to both the United States and the United Kingdom, launching USA Drives and UK Drives.  The Vancouver-based company, which along with its group of companies, provides an avenue for consumers to obtain online auto financing and personal loans. It conducted six-month pilot programs in the U.S. and U.K. […] [Read More]

Your potential buyers likely want to know if the vehicle they’re considering has features such as smartphone integration, all wheel drive or an extended warranty. And, according to Autolist’s latest study, consumers overwhelmingly favor a nationwide law requiring dealers to disclose whether a used vehicle has an open recall, too. The survey, conducted in early […] [Read More]

FCA U.S. has launched a new program designed to provide high-potential dealer candidates with startup funding that is sourced from relationships with Chrysler Capital and Ally Financial. FCA said that its new Dealer Market Investment program can assist potential Chrysler-Dodge-Jeep-Ram or Alfa Romeo-Maserati dealers who have limited funds and may also benefit from being matched with specific markets. […] [Read More]

RVI Group has promoted both Daniel Egan and Michael McGroarty to serve as co-chief operating officers in fulfillment of its redesigned organizational structure, the company announced Monday. Egan and McGroarty will now report to RVI chief executive officer Douglas May, and all other company senior leadership will report to either Egan or McGroarty. “During their long […] [Read More]

Pfaff Automotive Partners has acquired a Mercedes-Benz dealership in Kitchener, Ontario, the group announced early this month. Now named Mercedes-Benz Kitchener-Waterloo, Pfaff’s newly purchased facility spans 41,000 square-feet and was last owned by Victoria Star Motors, which first launched operations at the location in 1994. “When I was getting my start in the automotive industry, I worked […] [Read More]

At the year’s halfway point, bankruptcy filings are down year-over-year, according to figures distributed by the American Bankruptcy Institute. Data provided by Epiq Systems showed total bankruptcy filings during the first six months of the year decreased 3 percent to 388,199 cases, down from the 399,522 total filings during the same period in 2017. Total […] [Read More]