In a development relevant to dealerships of all sizes, the Federal Trade Commission on Thursday announced final amendments to its Used Car Rule. The FTC sought public comments on a series of proposed changes to the rule  — formally known as the Used Motor Vehicle Trade Regulation Rule — that requires dealers to display a […] [Read More]

With subprime paper representing only about 16 percent of the total outstanding auto finance balance figure TransUnion reported for the third quarter, the bureau’s top industry analyst indicated that’s not too much lower-end paper currently in portfolios. “Overall, it’s probably a good thing,” Jason Laky, senior vice president and automotive and consumer lending business leader […] [Read More]

Service shop customers have an option to pay for repairs before picking up their car thanks to a newly launched service from VenueVision Media Systems. Mobile Cashier is an express e-payment solution for parts and service departments that sends dealer-branded notifications of repair completion along with a copy of the invoice to customers’ smartphone, tablet […] [Read More]

The Ford F-150 is continuing its reign as the most-appraised vehicle in Canada. According to the latest Dealertrack Tradetracker Used Vehicle Market Report, the top five vehicles appraised in Canada last month were the F-150, Toyota Corolla, Honda Civic sedan, Ford Escape and the GMC Sierra 1500. Year to date, the only difference is that the Civic […] [Read More]

Attention, auto auctions: Auto Remarketing Canada is putting together an “Auction Life” photo spread for our next print issue.  If your auction or auction group would like to participate, submit photos via email to senior editor Joe Overby at joverby@autoremarketing.com no later than close of business on Monday Nov. 21. If you are sending large or multiple pictures, a zip […] [Read More]

CU Xpress Lease announced it’s hosting a webinar on leasing entitled, “Why Lease? Why Now? It’s time for more credit unions to enter the auto lease market,” on Thursday. The webinar is open to all credit unions who want to learn more about the CU Xpress Lease process and how the program could capture more […] [Read More]

MyDealerLot announced on Wednesday the company’s name change to MDL autoMation in conjunction with the release of Service Drive Concierge, which is geared to use license plate recognition (LPR) technology as an alternate identity trigger to MDL's existing RFID solutions. Recently, MDL also rolled out availability of its new Bluetooth based vehicle location system called […] [Read More]

TransUnion’s Q3 2016 Industry Insights Report powered by Prama analytics showed auto finance delinquency, for consumers 60 days or more past due, reached 1.33 percent during the third quarter, up from 1.19 percent in Q3 of 2015. The report indicated that 38 of the 50 states posted year-over-year delinquency rises of more than 10 percent. Making […] [Read More]

Greg Thibault and Todd August met while working at the Alamo Rent A Car location at the Los Angeles International Airport in 1984. Some 30-plus years later, the pair is front-and-center of the national remarketing organization at Avis Budget Group, a company they each have called home for two decades. Thibault, who joined Avis Budget […] [Read More]

Spireon on Tuesday announced the appointment of three executives: Todd Abbott as chief revenue officer, Carla Fitzgerald as chief marketing officer and Rick Gruenhagen as chief technology officer. The company said its new leaders will be instrumental in implementing its transformative next phase of growth. “Carla, Todd and Rick bring a powerful combination of technology industry perspective and global […] [Read More]