In its latest monthly report on Top Funded Used Vehicles, Dealertrack Canada spotlighted the 2016 Dodge Grand Caravan. For July, the minivan was third on the list, which is based on data from the Dealertrack online credit application network, and the only vehicle in the top 10 that saw a real meaningful price change from […] [Read More]

More than half of U.S. drivers don’t fully read their car insurance policies before signing on, according to Enterprise. New research recently released by the company based on a survey of 1,046 U.S. drivers found that 53 percent respondents fail to read their entire policy when purchasing new coverage. Drivers commonly don’t have a solid plan […] [Read More]

A dealership chain specializing in subprime leasing now has a captive-like relationship with one of the market’s larger finance companies to serve customers who would rather make a purchase through a vehicle installment contract. On Thursday, Westlake Financial Services and CARite announced a strategic partnership to offer financing, dealer support and other services across CARite’s […] [Read More]

MUSA Auto Finance, a company specializing in new and pre-owned vehicle leasing, launched its online portal on Thursday where dealers can submit applications, receive decisions and print pre-populated lease contracts. MUSA Auto Finance highlighted this portal can automate a typically complicated process in an effort to enable “truly effortless” leasing. “In an environment where loan terms […] [Read More]

F&I program provider RoadVantage made a trio of personnel moves this week, including promoting Randy Ross to president of sales. Ross, who previously was RoadVantage’s senior vice president of sales, has been with the company for five years and has been instrumental in its rapid rise to success. Prior to that, he owned Ross Chrysler Jeep Dodge […] [Read More]

A new online review monitoring service, LotRep.com, designed to help dealers accurately monitor and track online consumer reviews in real-time via multiple platforms, launched Thursday. The site’s software allows dealerships to efficiently and effectively manage online reviews, according to the company. "Online reviews have changed the way business is done in this day and age. […] [Read More]

Fusion Auto Finance, a company in the credit union leasing space, has purchased the GrooveCar Family of Brands, the businesses said in a news release Thursday. Included in the GrooveCar Family of Brands are CU Xpress Lease, an auto lease program for credit unions, and GrooveCar Direct, an online buying platform exclusive to credit union members. […] [Read More]

When Joel Gregory, the national sales manager for CPO and remarketing at Hyundai Auto Canada, shared his brand's certified pre-owned sales results for July, he said via email: "The momentum continues." Indeed, it does.  Not just for Hyundai, where CPO sales climbed nearly 36 percent last month, but for the industry as a whole, as well.  […] [Read More]

Aly Jiwani, general manager of The BMW Store, Rolls-Royce Motor Cars Vancouver and Mini Yaletown at OpenRoad Auto Group, is used to a large volume of sales. In fact, The BMW Store sells at least 2,500 cars a year, Jiwani pointed out. But some luxury dealers and manufacturers are seeing slightly less brand loyalty from […] [Read More]

Nicholas Financial acknowledged two elements combined to erode its originations during its most recent quarter that closed on June 30, but the subprime auto finance company is remaining steadfast in its strategy to maintain discipline during challenging market conditions. The figures Nicholas Financial reported included diluted earnings per share decreasing 73 percent to $0.10 as […] [Read More]