Back in November, TransUnion projected a marginal increase of non-mortgage debt levels held by Canadians to $21,747 by the end of 2017. And with an improved economic outlook, analysts predicted that reading — which includes vehicle installment contracts held by Canadian consumers — may reach $22,000 by the end of 2018. Auto Remarketing Canada circled […] [Read More]

 After climbing an average of 5 percent in the first quarters of the previous two years, used-car prices showed just 1-percent sequential growth in Q1 of 2016 — an “unusually low” amount, according to J.D. Power Valuation Services. The December-to-March change this time around? Expect something right down the middle. The company’s latest Guidelines report […] [Read More]

Digital marketing, sales and service solution provider ChannelNet announced on Monday that it has named a new vice president of dealer sales and service for the U.S. and Canada who will lead the company’s new direct-to-the-dealer customer retention product. Chosen for the position is K.C. Loughlin, who was most recently the director of sales for […] [Read More]

One of the Blue Oval’s shining stars in turning certified pre-owned metal, as well as used vehicles in general, now is one of the first stores to be involved in a new way for customers to purchase or finance a new Ford vehicle in minutes — right from a dealership website from anywhere, on any […] [Read More]

In the dealer group’s third-quarter earnings call, AutoNation chief executive Mike Jackson addressed not only how AutoNation is going to procure inventory to fill its AutoNation USA standalone used-car store locations, the dealer group boss also touched on why the company is delving deeper into the auction business. First, AutoNation explained how it will find […] [Read More]

Autotrader recently named its "Must-Shop CPO Cars," a list of the 10 top luxury and 10 non-luxury certified pre-owned vehicles shoppers should consider if looking to purchase a CPO this year. Autotrader said nearly one in four car shoppers are considering purchasing a CPO vehicle, according to its 2016 CPO study. "With a certified pre-owned […] [Read More]

While the American Financial Services Association firmly is entrenched within the Capitol Beltway in Washington, D.C., the organization strives to represent the entire industry, not just a select group of players. AFSA president and chief executive officer Chris Stinebert reinforced that reasoning when describing the AFSA Vehicle Finance Board. Stinebert said that board “features a […] [Read More]

Pearl Technology Holdings announced on Monday it has partnered with Experian to now provide its OEM and dealer partners expiring consumer auto lease data through the company's VehicleXchange marketing platform. “Our OEM partners can actually use Experian data to formulate their monthly model lease incentives by region or market,” said Pearl chief executive officer and […] [Read More]

Hudson Cook’s legal team spotted an announcement from Reince Priebus, who is assistant to President Trump and his chief of staff, that appears to have been released within moments after this past Friday’s inauguration. Priebus used the memorandum that contained the subject line “Regulatory Freeze Pending Review” to outline six specific steps the heads of […] [Read More]

 Audi Canada reported its best-ever year for certified pre-owned vehicle sales, selling 6,833 certified units. This marked a 3.1-percent year-over-year increase. Among other brands sharing Canadian CPO sales results, Volvo Car Canada increase its certified pre-owned sales 39 percent last year, moving 2,324 CPO units. “In 2016 the Volvo Car brand reported extraordinary growth, with […] [Read More]