Finance companies continue to fill and expand their portfolios, especially when buying paper attached to a new vehicle that’s becoming more difficult for consumers to afford as transaction prices and interest rates keep climbing. October data shared by Edmunds and Kelley Blue Book on Thursday morning illuminated the trends, which to a degree are being […] [Read More]

The Insurance Research Council (IRC) might have uncovered another market challenge for buy-here, pay-here operators who sell vehicles in Louisiana, which already ranks near the top for deliquencies. According to a new study from the IRC, Louisiana ranks No. 1 on a list of least affordable states for auto insurance. Study orchestrators found that key […] [Read More]

The name change the company said was coming in an announcement back in March became official on Thursday. CARPROOF Corp. is now known as CARFAX Canada. Back in the spring, the company began the rebranding process to align with CARFAX, the U.S.-based provider of vehicle history information-based services, as both companies are owned by global […] [Read More]

Attention, auto auctions: Auto Remarketing Canada is putting together an “Auction Life” photo spread for our next print issue.  If your auction or auction group would like to participate, submit photos via email to senior editor Joe Overby at joverby@autoremarketing.com no later than close of business on Monday, Nov. 19. If you are sending large or multiple pictures, a zip […] [Read More]

Stephane Ferri is head of strategic development at Flexdrive, a car subscription services provider and a joint venture between Cox Automotive and ARI. But his background includes a dozen years at Asbury Automotive Group. So, when it comes to the vehicle subscription space in which Flexdrive operates, “I'm always going to think of it as a […] [Read More]

“That’s gold, Jerry! Gold!” Kenny Bania’s evaluation of Jerry Seinfeld’s witty “Ovaltine” humor is an apt one, but you know what’s worth even more?  The cars the latter comedian drives on his current TV show. The crew at Black Book, which also tracks collector-car values in addition to its reporting on the mainstream used-car market, analyzed […] [Read More]

Google “October surprise”, and the top results will all reference the political aspect.  For example, from Wikipedia: “… a news event deliberatively created or timed or sometimes occurring spontaneously to influence the outcome of an election …”.  From Kavanaugh, to caravans, to Khashoggi, to pipe bomb parcels, this October had more than its share.  But, […] [Read More]

At the beginning of October, the American Recovery Association (ARA) and Time Finance Adjusters (TFA) announced plans to form one organization that would launch in January. During a free webinar, the two organizations will present more details of the new American Recovery Association as a result of their recent merger agreement. The event is set […] [Read More]

National dealer management system (DMS) provider Autosoft recently announced a new integration with VinAudit, a provider of automotive historical data. This partnership is designed to give Autosoft dealers access to affordable vehicle history reports that are National Motor Vehicle Title Information System (NMVTIS) compliant. Founded in 2012, VinAudit, an official access provider for NMVTIS, has […] [Read More]

Whether the music your potential vehicle buyer likes most is by Bruno Mars, Johnny Cash or Adele, Vboost says it has dealers covered. The viral marketing company focused on the auto industry announced this week that it can now customize viral marketing for its dealer clients down to the musical taste of the customer. As […] [Read More]