GWC Warranty, a provider of used vehicle service contracts and related finance and insurance products sold through dealers, has partnered with the Commission on Economic Opportunity (CEO) to sponsor a Food 4 Kids van. CEO’s Food 4 Kids Summer Program makes nutritious food more available to at-risk children by delivering healthy meals and snacks to […] [Read More]

An experienced industry executive whose career includes stops with Ally Financial and Exeter Finance is now with loan origination and servicing software solutions provider White Clarke Group. White Clark Group announced this week that Nick Ockwell has joined the company as executive vice president of operations for the Americas. Management insisted that the strategic addition […] [Read More]

Treat your used and certified pre-owned vehicle customers the same way you treat your new-car customers. This seems to be a recurring theme at dealerships that sell certified vehicles. And the case is much the same at Toronto’s Lexus Downtown. But the luxury dealership that has been in business since 2011 takes it a step […] [Read More]

CounselorLibrary.com, publisher of automobile financing and leasing legal compliance services and part of the Hudson Cook portfolio, announced that it has updated its popular CARLAW F&I Legal Desk Book. Winner of the Axiom Business Book Award, the book gives readers 363 things to know about dealer finance laws and regulations.  Now in its seventh edition, CARLAW […] [Read More]

On Wednesday, RouteOne announced the addition of MeridianLink to its eContracting certified loan origination systems (LOS). Finance sources utilizing MeridianLink’s LoansPQ LOS can benefit from a streamlined eContracting implementation process. The companies highlighted that MeridianLink’s RouteOne eContracting certification can remove the complexity of technical implementation for their LoansPQ customers. It can speed the process and […] [Read More]

The second-quarter dealer survey orchestrated by KeyBanc Capital Markets confirmed how used-vehicle and F&I performances are helping to pick up the slack dealerships might be experiencing within the new-car operations. The report shared this week with Auto Remarketing indicated trends in F&I gross profit per unit maintained a favorable trend with 86 percent of respondents […] [Read More]

Now it’s the Senate’s turn. The House approved resolution on Tuesday leveraging authority provided under the Congressional Review Act (CRA) to stop the Consumer Financial Protection Bureau’s final rule prohibiting the use of class action waivers in arbitration clauses. Despite all House Democrats and one Republican voting against H.J. Res 111, the resolution cleared the […] [Read More]

Wind down the economic waterfall, and the impact of a higher Canadian interest rate to the used-car market is clear. Canadian used-car prices will be heading downward, but the vehicles themselves will no longer be making that move. An increased interest rate means a stronger Canadian dollar, and with less disparity between the U.S. and […] [Read More]

The Langley Auto Collection — a Vancouver-area luxury auto mall — held a “Tour de Gourmet” progressive dinner in June that not only spotlighted local cuisine, but helped raised money for two non-profits that provide financial assistance for children to participate in organized sports (KidSport Langley and Surrey-White Rock). Additionally, the event also gave the […] [Read More]

Compressed margins. High wholesale prices. Reconditioning expenses. Ring a bell? For many dealers, keeping their pre-owned lots well stocked while also making a profit has been difficult over the past 10 years or so. And even though many are predicting wholesale prices to drop over the coming years as lease returns start flowing in, prices […] [Read More]