Auto Financial Group — an online provider of innovative financing products including CarMark Auto Finance for credit unions and banks — highlighted its summer growth figures this week, revealing increasing momentum in new customer signings with AFG's Balloon Lending program. Since May, Auto Financial Group has signed six new credit unions to its Balloon Lending […] [Read More]

DPG Investments — a company that currently has 26 private equity holdings while overseeing $1.5 billion in capital commitments since 2004 — closed on a line of credit on Friday so it can dive deeper into the non-prime auto finance business. Spring Tree Lending, a portfolio company of DPG, secured the line of credit provided […] [Read More]

If you’ve got customers who are interested in a new Nissan Maxima or maybe a Volvo S60, take note: It may make more sense for them to buy a lightly used model. A study from iSeeCars.com has identified models that cost significantly less at as a 1-year-old model versus new — to the tune of up to […] [Read More]

Porsche Financial Services Canada (PFSC) appointed David Williams as president and chief executive officer on Friday in a move the company sees as strengthening the local representation of Porsche’s captive financial organization in the Canadian market. Williams, a native of Toronto, joined PFSC in 2014 as the director of sales and operations. During his time […] [Read More]

Canadian wholesale vehicle prices in August were down an average of 0.3 percent from July, according to the report accompanying the latest ADESA Canada Used Vehicle Price Index. The report — powered by ALG — indicates that the ADESA index was up after seasonal adjustments. As far as individual segments, the most notable changes were […] [Read More]

Auction Broadcasting Co. has been actively involved in flood relief for its employees at ABC Baton Rouge. ABC Baton Rouge’s facility was not damaged by the flooding, but the company said 13 of the employees who reside in the Louisiana capital lost everything. “You just cannot imagine how devastating the damage is until you see it with your […] [Read More]

TradeRev announced it is hosting a three-day session in October to teach GoLang, one of Google’s newest coding languages. Canada, and in particular Toronto, is recognized around the world as a hub for start-ups; most of its tech companies are experiencing rapid growth. As an initiative to help foster a community of tech developers and […] [Read More]

Research recently released by TransUnion found that two in three lenders feel that data and analytics are evolving faster than their own internal capabilities. TransUnion surveyed 309 banks, credit unions and consumer finance companies to learn more about their use of data and analytics. The survey found that 61 percent of lenders feel that the […] [Read More]

SiriusXM and DriveTime Automotive Group, which operates 140 dealerships across the country and turns more than 145,000 vehicles annually, announced on Thursday that its customers will now receive a three-month subscription to the SiriusXM All Access package when purchasing any pre-owned vehicle with a factory-installed satellite radio. DriveTime vice president of market strategy Scott Worthington […] [Read More]

Just last week, I received phone calls from two separate dealers I’d purchased vehicles from over the past five years. Each of them offered to buy back my vehicle and sell me a new one. There was just one problem: I wasn’t ready to trade in my current vehicle. Actually, I wasn’t even considering it. […] [Read More]