As part of the Executive Issue special section in the May/June edition of the Auto Remarketing Canada magazine, we connected with Mercedes-Benz Canada president and chief executive officer Brian Fulton. The emailed Q&A covers Fulton's approach to leadership, the company being named a top workplace, its used-car operations and more.  Auto Remarketing Canada: Congrats on Mercedes-Benz Canada being recognized […] [Read More]

Dent Wizard International announced it has promoted a new director of operations for Canada.  Chosen for the position is Matt Boyd, who was most recently the company’s national sales manager in Canada. Boyd is one of Dent Wizard’s most seasoned and experienced veterans and he has been brought on to apply his substantial automotive knowledge and […] [Read More]

According to the latest TransUnion Canada Industry Insights Report, auto financing continues to be one of the fastest growing segments in the Canadian consumer credit marketplace. During the first quarter of this year, average outstanding balances rose 2.75 percent year-over-year. At the same time, analysts noticed that serious delinquency rates — what they consider to […] [Read More]

 As the mobile auction format continues to attract more dealers across the country, companies within the industry are continuing to push the wholesale auction experience and communicate the benefits that many used-car managers praise. “We’re averaging well over 60 mobile auctions per month around the country right now, and that’s a huge increase from just barely […] [Read More]

Experian Automotive tried again this week to pop the talk about a “subprime auto loan bubble.” Analysts said, “There’s always someone who claims that the bubble is bursting. But a level-headed look at the data shows otherwise.” According to Experian’s State of the Automotive Finance Market report, 30-day delinquencies dropped and subprime auto financing reached […] [Read More]

Jim Yates, president and chief executive officer of Alliance Inspection Management (AIM), has announced his retirement from the company and is moving into a 12-month consulting role effective immediately, according to a news release from the company posted on Wednesday. Yates, an automotive industry veteran who began his career at an auto dealership in 1975, […] [Read More]

J.D. Power and Autoniq, a mobile and digital provider of vehicle pricing and evaluation data, recently announced a collaborative offering that is designed to streamline the vehicle trade-in and appraisal process for automotive dealers. The tool is through Value My Car, a new website module that integrates J.D. Power Valuation Services (formerly NADA Used Car Guide) […] [Read More]

Online used-vehicle retailer Carvana highlighted that its first-quarter revenue soared to a new record, increasing by 118 percent year-over-year. Unfortunately, the record revenue figure of $159 million wasn’t enough to overcome the company’s expenses that resulted in Carvana sustaining a net loss of $38.4 million, representing an increase of 122 percent. Still, with improvements in […] [Read More]

So much for the theory that rising wholesale volume would cause used-vehicle prices to soften — or even crash, as some doomsday observers feared. The Manheim Used Vehicle Value Index climbed to a new record high in May as analysts determined wholesale used-vehicle prices (on a mix-, mileage- and seasonally adjusted basis) rose 2.6 percent month-over-month. The […] [Read More]

The latest monthly complaint report shared by the Consumer Financial Protection Bureau highlighted complaints submitted by older consumers, but problems with auto financing and related products weren’t specifically mentioned. Of the 1,163,200 complaints the bureau has handled since it began accepting complaints in July 2011, officials indicated 54 percent of consumers have voluntarily reported their […] [Read More]