Four automakers posted new all-time highs for monthly certified pre-owned sales in March; a month where Autodata Corp. determined the industry turned the second-highest amount of CPO units ever. And perhaps the industry will need other OEMs to join that performance level in order to keep up with the volume of off-lease vehicles hitting the […] [Read More]

America’s Auto Auction is growing again with its second major acquisition announcement so far this year. The company added two more auction locations:  West Michigan Auto Auction in Wayland, Mich., and Interstate 94 Vehicle Auction in Parma, Mich. Both facilities were sold to America’s Auto Auction by Carl Miskotten, who will stay on as general […] [Read More]

There remains a “fair gap” and “a good amount of play between” the typical retail price between a new vehicle and a used or even a certified pre-owned model. However, Kelley Blue Book senior analyst Alec Gutierrez is seeing trends that are putting pressure on his current assertions. Gutierrez mentioned during a call with the […] [Read More]

The Dilawri Group of Companies earlier this week announced the acquisition of Cadillac Chevrolet Buick GMC West Island, lifting the company to a combined total of nine dealerships in the province of Quebec. Executives also pointed out this acquisition brings Dilawri’s total franchised dealership count to 62, and represents a second Cadillac Chevrolet Buick GMC […] [Read More]

Experts say toll violations represent the largest portion of violation spend for fleets. For fleets with vehicles in Canada, managing tolls and violations can be a large administrative undertaking. Donlen recently expanded its comprehensive toll management solution, DonlenPass, to include coverage in Canada on the 407 ETR in Ontario. DonlenPass can give fleet professionals control and […] [Read More]

Analysts who compiled White Clarke Group’s United Kingdom Asset & Auto Finance Survey 2017 say that the U.K. finance market has been resilient in the face of historic changes in the past year, but challenges will remain in 2017 and beyond. The firm noted its survey points to a series of key factors that will […] [Read More]

ForeverCar said it understands vehicle service contracts remain important revenue generators for dealers. They provide useful safety and budget protection benefits for consumers that purchase them for new and used vehicles. The company acknowledged VSC closing rates average 35 percent to 40 percent, excluding lease and cash customers who don’t buy service contracts, and that’s a […] [Read More]

For companies and individuals struggling to keep up with the time-consuming demands of fleet management while trying to grow their business, Mike Albert Fleet Solutions rolled out what it’s calling the Mike Albert Advantage — a solution designed to function like a concierge service for fleet. Instead of having staff members serve as the main […] [Read More]

The American Financial Services Association, along with two other industry organizations, recently delivered an amicus brief involving a crucial debt collection case in front of the Supreme Court. As AFSA highlighted through its Newsbriefs, the U.S. Chamber of Commerce and the Financial Services Roundtable joined AFSA in arguing their points in a case where the […] [Read More]

Alternative credit information provider FactorTrust announced earlier this week the addition of United Auto Credit to its growing number of clients enlisting alternative credit data to help qualify and evaluate risk in their underwriting process. Executives explained trends in the non-prime automotive segment have financial service providers seeking ways to identify and interact with underbanked […] [Read More]