A 16,000-square-foot size building in a suburb just west of Montreal is now the home of HGregoire’s second Mitsubishi Motors dealership. The group announced Wednesday that it invested an estimated $13.5 million to open its new Mitsubishi Vaudreuil dealership in the Quebec town of Vaudreuil-Dorion last week. In addition to HGregoire’s new Mitsubishi Vaudreuil location and established Laval Mitsubishi store, […] [Read More]

In preparation for the launch of the Auto Fin Journal, this week we are featuring a pair of auto finance-related interviews recorded by AFJ senior editor Nick Zulovich during AFSA's Vehicle Finance Conference earlier this year.  Launching this summer to select audiences with a full launch in the fall, the Auto Fin Journal will focus content on […] [Read More]

The experts at Black Book and J.D. Power Valuation Services are seeing a wide array of factors ranging the juncture of the calendar to fuel costs to volume in the lanes all impacting their forecasts and most recent wholesale price recaps. Before looking at what happened at last month as well as last week throughout […] [Read More]

Though it is currently a bit softer than year-ago figures, overall auction volume should exceed 2017 levels “soon,” according to the latest Guidelines report from J.D. Power Valuation Services. The report released this week is updated through the year’s first five months. It found that overall auction volume is down 0.7 percent. However, that could […] [Read More]

This year, not only has new-vehicle quality improved for the fourth straight year, it has also reached its best level to date, according to the J.D. Power U.S. Initial Quality Study. After taking a look at the number of problems experienced per 100 vehicles (PP100) across the first 90 days of ownership, the company found that new-vehicle […] [Read More]

During the past 12 to 18 months, there has been a real increase in interest by lenders around the idea of establishing “all-in-one pricing” (AiO) with their repossession forwarders. Most of this interest has been spurred by concerns expressed by the Consumer Financial Protection Bureau regarding ancillary fees as well as a desire by lenders […] [Read More]

Criminals are becoming more creative in their approach to commit synthetic ID fraud, and new technology recently detected a ploy by an individual who tried a scheme at two different Michigan dealerships. According to the Federal Trade Commission, 1.7 percent of identity fraud complaints indicated that an auto-finance contract had been generated fraudulently, up from […] [Read More]

Advantage GPS, a Procon Analytics company that can capture and translate raw data into actionable business intelligence, announced it will debut its recently released AI-artificial intelligence-driven vehicle finance platform this week at the National Independent Automobile Dealers Association Convention in Orlando, Fla. The company’s platform is a solution that integrates artificial intelligence technology to automatically […] [Read More]

This week during the National Independent Automobile Dealers Association’s Expo and Convention, Spireon introduced Quick Locate, the latest feature of its GoldStar GPS solution. The company highlighted Quick Locate can provide dealers and subprime auto finance companies instant visibility to vehicle location and current status, improving efficiency by reducing the need to manually locate vehicles […] [Read More]

From the outset of 2018, Otonomo chief marketing officer Lisa Joy Rosner had her sights set on surveying current and prospective owners of connected cars to get a sense of where they stood on data use and privacy. But she waited.  “And then after the Facebook-Cambridge Analytica (data incident), I thought, this is a good […] [Read More]