Perhaps it’s the mix of applicants or finance companies passing on risk to potential new-vehicle buyers. Whatever the specific trigger, Edmunds announced on Thursday that interest rates on new-vehicle installment contracts are expected to soar to their highest point in eight years in February. Edmunds reported that annual percentage rate (APR) on new financed vehicles […] [Read More]

TransUnion Canada director of research and industry analysis Matt Fabian used the words credit, consumer and correctly within the same thought to describe the overall picture painted by TransUnion’s latest Canada Industry Insights Report Fueled by younger Canadians and overall confidence in the nation’s economy, Fabian and the TransUnion team spotted an array of positive […] [Read More]

In this episode, Joe previews the Auto Remarketing Canada Conference with Cherokee Media Group president Bill Zadeits. Plus, AR Canada correspondent Sarah Rubenoff chats with Jeremy Belanger of SAL Group, who will be among the speakers at the March 27-28 event in Toronto. Check out the conversations below.  Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  […] [Read More]

I had to Google it. (and whatever you call checking “Wikipedia” these days). But thanks to a story I found in The Guardian among other online search results, I now know that the moniker for a 70th wedding anniversary — at least in the case of Britain’s Queen Elizabeth and Prince Philip, who celebrated theirs […] [Read More]

In this episode, we're talking Canada. As in, next month's Women & Automotive: Canadian Leadership Forum. Plus, Auto Remarketing Canada correspondent Sarah Rubenoff chats with KAR Auction Services chief economist Tom Kontos about his upcoming presentation at the Auto Remarketing Canada Conference and the Canadian used-car market. Check out the conversation below. Download and subscribe […] [Read More]

Cox Automotive Canada said Wednesday it has partnered with The Great Northern Auction and is launching Manheim Moncton to provide more remarketing service to the Atlantic Canada region. The weekly Manheim Moncton sales begin March 21 and will be facilitated by TGNA, which is located in Moncton, New Brunswick. The sales will also be broadcasted […] [Read More]

Onboard vehicle cameras and pet-friendly car amenities. One is for keeping your vehicle safe and secure; the other for keeping your car clean and your furry friend happy. At first blush, these features may not appear to have much in common, except for being accessories in an automobile. But search data in the debut Automotive Trends […] [Read More]

This region of Texas continues to be a growing hub for the automotive industry. With Toyota and General Motors Financial already having a major presence here, Mercedes-Benz Financial Services USA on Tuesday broke ground on its new, build-to-suit, 200,000-square-foot facility at AllianceTexas — a 26,000-acre, master-planned, mixed-use development in north Fort Worth. Captive officials highlighted […] [Read More]

New Nicholas Financial president and chief executive officer Doug Marohn is continuing to make moves to bolster the finance company that specializes in subprime vehicle installment contracts. After recently highlighting plans to enhance originations along with installing an interim chief financial officer, the National Independent Automobile Dealers Association reached a partnership with Nicholas Financial, calling […] [Read More]

On Wednesday, publicly-traded subprime automotive finance company Axis Auto Finance shared results from the second quarter of its 2018 fiscal year; a span that ended on Dec. 31 and included a new record. The company highlighted its Q2 revenue shot up to a record $2.2 million, up 34 percent from $1.6 million a year earlier. […] [Read More]