AutoCanada is expanding south of the border with its recent purchase of the Illinois-based Grossinger Auto Group. With the acquisition, AutoCanada adds eight dealerships to its lineup in metro Chicago, plus another six luxury brand dealership in an auto mall in nearby Bloomington/Normal, Ill., market.  AutoCanada revealed it will pay approximately $110 million CAD for […] [Read More]

Two independent auctions collected accolades from a consignor that specializes in originating contracts within the subprime credit space. Consumer Portfolio Services announced its 2017 auction award winners during a private ceremony at the CAR Conference earlier this month in Las Vegas. This year’s CPS Top Gun Award as the finance company’s Auction of the Year […] [Read More]

Dealer groups with multiple rooftops can give owners scale for certain efficiencies, but they sometimes present problems for potential buyers. Roadster is trying to eliminate possible shopping issues so groups can turn metal quicker — and possibly for more gross profit — no matter which dealership might have a vehicle on its lot. Roadster launched its new […] [Read More]

One of Honda’s leading certified pre-owned dealers —  New York’s Paragon Honda — is making moves it says are to keep up with evolving customer expectations. In partnership with its marketing agency Team Velocity, the dealership worked with Google to develop a service and maintenance app that aims to remove friction from the service bays. […] [Read More]

Over one out of every five vehicles currently used in the United States may have potentially dangerous and unfixed recalls, says Carfax. The company announced Thursday that it estimates there are more than 57 million recalled vehicles in the country. While states California, Texas, Florida, Pennsylvania and New York have the most vehicles with open […] [Read More]

Manheim introduced Thursday its new InSight Condition Report, driven by the recent Inspections application co-developed with industry partner AiM at Manheim auctions and mobile sites. The new report is designed to make viewing key vehicle information faster and easier. It features added manufacturer data, crisper photos and a new visual display for increased accuracy and consistency. Manufacturer data […] [Read More]

General Motors president Dan Ammann acknowledged the situation involving overall off-lease volume in the wholesale market and how the automaker and its captive — General Motors Financial — set residual values created some notable stress. “We were just saying last night that when we were together a year ago, we were quite concerned, but we […] [Read More]

Along with highlighting the fruit of its collaboration with Dealer Marketing Services, Equifax also released findings from its latest consumer automotive survey, analyzing automotive shopping and buying behaviors across prime and subprime credit buyers, as well as millennial and Baby Boomer age groups. Among the key takeaways from the survey, Equifax determined prime and subprime […] [Read More]

AGORA, a Texas-based provider of technology solutions for the financial services industry including a platform for bulk portfolio transactions, recently finalized a partnership with Ignite Consulting Partners. The purpose of the collaboration is to provide increased transparency and security to the consumer finance marketplace through the development of a “Certified Seller Program.” AGORA considers Ignite […] [Read More]

PNC Bank and TrueCar have teamed up to offer consumers a new digital auto shopping experience. PNC Total Auto, powered by TrueCar, was launched Tuesday, a tool which the companies shared lets auto shoppers “browse, borrow, buy in three easy steps.” The end-to-end digital car buying experience is designed to help consumers better understand how […] [Read More]