Repossession and skip-tracing services provider Loss Prevention Services (LPS) announced on Thursday that the company has chosen MBSi Corp. as its assignment and compliance management solution. Throughout the year, LPS said it will transition its assignment management platform to Recovery Connect (RC), MBSi’s next generation assignment platform.  In addition to adopting Recovery Connect, LPS also […] [Read More]

From dealers and entrepreneurs, to auction executives and auto lending professionals — and everywhere in between — the Canadian auto industry is full of young men and women who have achieved massive success at an early age. That’s why for the third consecutive year, Auto Remarketing Canada is honoring “Remarketing’s Under 40.” And we are […] [Read More]

Canadian Black Book announced it recently adopted a new director of sales and customer experience to join its team. Chosen for the position is Rui Nunes, who formally joined the company on Jan. 23. “Our team at Canadian Black Book just got another serious jolt of high-end auto industry expertise and proven talent, and I can’t […] [Read More]

Fifty percent of millennials plan to own each of their vehicles for less than five years, according to Autolist.com, and rather than investing in rental cars, millennials are buying cars — and they’re buying more used than new, says Crowdtap. The two recent studies examined millennial vehicle purchasing and driving trends. Cost and environmental efficiency […] [Read More]

Integrated Auction Solutions announced this week that it has launched a simulcast platform with new features that include a redesigned bidding interface called HyperLane. This month, IAS also plans to launch IAS Marketplace and CoRe. The latter is what the company said in a news release is “IAS’s version of an agnostic fully mobile condition […] [Read More]

The benefits of certified pre-owned programs are as varied as those of a five-tool baseball player: in addition to the consumer peace-of-mind and brand-building perks, they can help protect residual values and soak up off-lease volume bumps. But there’s a tricky dynamic, says Anil Goyal of Black Book, who points out that there is a […] [Read More]

When you make your way to the annual Auto Remarketing Canada Conference this spring, you will likely notice one big change, in particular, to our agenda. In response to feedback from our attendees, we are expanding the content offerings for the event this year to include tracks. In addition to the large-scale keynote sessions and […] [Read More]

In the latest installment of the annual Best of BHPH issue of BHPH Report, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. Next up in this series is Russ Algood, chief executive officer of Ace Motor Acceptance Corp. BHPH […] [Read More]

Reynolds and Reynolds Canada and BMW Group Canada announced a new, multi-year agreement between the two companies for Reynolds to provide its dealership management system — ERA-IGNITE — to all BMW and MINI retailers in Canada. "The business pressures on automobile retailers continue to increase, from changing markets to changing consumer expectations for how cars […] [Read More]

Earlier this week, Hyundai Auto Canada Corp. said it has teamed up with U.K.-based Reevoo, a user-generated content platform provider, to gather reviews from Hyundai drivers. The ratings are set to be published on the forthcoming new consumer website from the car brand. This is Reevoo’s first deal in North America, having made long-term partnerships […] [Read More]