It’s likely not unique that a Volkswagen dealership would turn a 2015 model manufactured by its parent automaker. But for the stores that have one of the roughly 12,000 diesel units now cleared by regulators to be retailed, what will be unique about those deliveries is they will be recorded as a new-vehicle sale, not […] [Read More]

Equifax auto finance leader Lou Loquasto insisted every credit provider and buyer of vehicle installment contracts has a story about how deliveries might have been completed because of some kind of fraud. Loquasto pointed out that sometimes it’s a “rogue” F&I manager or another unscrupulous member of a dealership’s staff. “I’ve got my story. My […] [Read More]

Fiat Chrysler Automobiles has a new remarketing in Canada: John Tamminga, who has been with the company for nearly nine years. Earlier this month, Auto Remarketing Canada connected with Tamminga via email to chat about the new role and the Canadian remarketing industry at large. Below is our Q&A. Auto Remarketing Canada: Tell me a […] [Read More]

What has been chatted about during networking time at industry events this year became official. Cox Automotive announced on Thursday that chief economist Tom Webb will retire on June 30. The company said his departure marks the end of an “illustrious” automotive industry career that spanned some four decades and earned Webb recognition as the […] [Read More]

LotVantage announced on Wednesday that it has brought on two new additions to develop the company’s OEM Brand Manager utilization tool, which aims to help OEMs market their promotions and advertisements through their dealers’ social media channels. The digital marketing solutions provider chose Branden Elwell, who was most recently the senior vice president of sales at […] [Read More]

For the second time in roughly a week, details became public involving Santander Consumer USA and regulatory enforcers. On Wednesday, SCUSA reached settlements totaling $25.9 million with the attorneys general of Delaware and Massachusetts for what state officials said was the finance company’s role in “facilitating unfair, high-rate” vehicle installment contracts. The developments with the […] [Read More]

RVI Group’s latest quarterly report put a number regarding how much analysts expect used-vehicle prices to soften by 2020. According to the latest installment of the RVI Risk Outlook, analysts first mentioned that real used-vehicle prices in Canada decreased in February on a year-over-year basis. In February, the exchange rate was $0.75 USD/CAD, down from […] [Read More]

The latest RVI Risk Outlook from RVI Group not only recapped February wholesale prices movements, but firm analysts projected where new-model lease penetration will trend through 2020 and how much of a pricing impact that level could make. In the first-quarter report released on Tuesday, RVI Group indicated real used-vehicle prices (seasonally adjusted for 2- […] [Read More]

Insurance Auto Auctions announced on Wednesday that it has adopted and launched an updated vehicle details page on IAAI.com to streamline customer access to vehicle information. The new page has up to 320 additional VIN details and comprehensive Hollander Interchange parts data, which helps car buyers estimate vehicle value more quickly and make better-informed bidding […] [Read More]

Particular car shoppers respond better or worse to different words when debating which car to buy, according to new research released by CDK Global on Tuesday. The company’s latest edition in its Language of Closers series provides demographic specific entail that is valuable to dealers seeking out ways to most effectively describe inventory on their vehicle […] [Read More]