Edmunds has introduced a new Amazon Alexa Skill for voice-enabled access to Edmunds' automotive content, which creates a source for Edmunds data within the Alexa Skills store that goes beyond a computer or mobile device, the company announced on Thursday. "The freedom to simply ask questions to find relevant information about a vehicle is an invaluable asset, both […] [Read More]

Credit Acceptance Corp. appears well aware of the risk the finance company is taking as installment contract dollar amounts as well as terms keep growing. But that risk is certainly paying off — literally — as the company’s first quarter consolidated net income jumped by nearly $20 million year-over-year. Credit Acceptance reported that Q1 consolidated […] [Read More]

How did used-car prices trend last month? A pair of indices released this week sheds some light. According to a report accompanying the ADESA Canada Used Vehicle Price Index — powered by ALG — there was a 0.12-percent month-over-month gain in wholesale prices. Of the six segments included in the report, however, just two showed […] [Read More]

S&P Global Ratings recently considered what two specific areas contain the most risk since loosening underwriting resulted in U.S. auto loans and leases rising steadily over the past several years to reach all-time highs in 2016. With more than $1 trillion in outstanding balances, S&P Global Ratings acknowledged the figure has raised questions about whether […] [Read More]

Customers looking to finance or refinance their vehicles through Ally’s newly launched auto finance marketplace, Clearlane, will soon be able to complete financing online through a new digital signing capability. Built on top of its digital transaction management platform, officials highlighted the SmartSign technology from eOriginal will be incorporated into the Clearlane platform in July […] [Read More]

EFG Companies announced earlier this week that the company has achieved national recognition for its efforts across the entire organization. EFG was recognized in the 15th annual American Business Awards, receiving: • Gold in Communications Department of the Year • Bronze in Communications or PR Campaign of the Year under the Reputation/Brand Management Category • […] [Read More]

BMW Canada’s pre-owned division, which includes both certified and non-certified used cars, had its strongest April ever, the company said.  It moved 2,007 pre-owned vehicles for the month, pushing the year-to-date total to 7,018. The year-to-date pace is up 11 percent from the first four months of 2016. April followed what was the best-ever month […] [Read More]

KAR Auction Services reported a 14-percent year-over-year increase in first-quarter net income, pulling in $69.2 million, with operating revenues climbing from $758.2 million to $866.6 million. “Our first quarter 2017 results reflect a solid start to the year with contributions from across our diversified platform of businesses,” KAR chairman and chief executive officer Jim Hallett […] [Read More]

Pfaff Automotive Partners has added both Town + Country BMW and MINI Markham to its growing group of dealerships, the group announced on Wednesday. “We're excited today to welcome Town & Country BMW and MINI Markham into our family,” Pfaff Automotive Partners president and chief executive officer Christopher Pfaff said in a news rlease. “We share […] [Read More]

Kijiji has lined up entrepreneur and bestselling author Gary Vaynerchuk as its keynote speaker for its fifth annual Toronto DealerTalkx conference on Nov. 16. Vaynerchuk will share his expertise on digital media and discuss entrepreneurship and leadership in a way that embodies this year’s conference theme, “Dealership of the Future,” according to Kijiji. “DealerTalk is designed […] [Read More]