As we flipped the calendar into 2017 this month, it was time for New Year’s resolutions once again. Maybe this year you’re planning to finally buy that gym membership or cut out fatty foods. Or maybe you’ve resolved to step up your game at work and improve your close percentage. These are all noble goals […] [Read More]

As a group of Senate Banking Committee Democrats praised Richard Cordray’s work as of the Consumer Financial Protection Bureau, Republican members of the House Financial Services Committee think the CFPB director may have violated federal law that governs agency rulemaking procedures. Lawmakers highlighted the report, based on internal CFPB documents obtained by the House committee, […] [Read More]

Since opening up nominations in early January, we’ve already had a few strong nominations roll in for a new upcoming feature dubbed “Women & Automotive: Profiles in Leadership.” The profiles in this feature will be part of the Special Conference Edition coverage in the March/April issue of Auto Remarketing Canada. So, what are these profiles all […] [Read More]

Following several years of record new-vehicle sales in Canada, purchases are likely to lower in 2017, according to the latest Scotiabank Global Auto Report. This year, Canada’s car volumes can be expected to be handicapped by recent price increases for new cars and light trucks, as well as lower replacement demand than in the U.S., said the […] [Read More]

On Tuesday, Mercedes-Benz Canada announced the recipients of its 2017 Star Dealer designation, the top ten performing dealers from its national dealer group. The title recognizes the Mercedes-Benz dealerships who have excelled in the areas of new and pre-owned sales, service and parts during the year of 2016. "Every dealership in our organization has worked […] [Read More]

The lease credit approval rate on Swapalease.com hit its lowest level in three years last month, but that’s not necessarily a bad thing. According to the lease transfer site, the lease approval rate was 54.2 percent. Such a low rate is typical for the end of the year and actually points to busy buying behavior […] [Read More]

KAR Auction Services chief economist Tom Kontos used a term to describe December wholesale price moves that dealership personnel who have a military background might know from their days of basic training and daily marches. According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, wholesale prices in December averaged […] [Read More]

It happens every year. In January, the gym is full of people making New Year’s resolutions to lose weight or get in shape. But by February or March, the crowds have died down. Those who are still plugging away are committed to their resolutions.  And their efforts have become a habit, making it easier to […] [Read More]

ACA International sent a letter to the Federal Communications Commission last week asking the agency to revise a recently released consumer alert cautioning consumers against financial scams. Officials explained the alert, issued by the FCC on Jan. 10, contains a subhead which states, “Beware of Debt Collection and Other Financial Service Scams, Especially During Post-Holiday […] [Read More]

RMS Automotive, Cox Automotive’s portfolio management solutions provider, announced on Wednesday it has appointed Sebastian Fuchs to be senior sales and marketing director in Europe. “Sebastian (Fuchs) is a proven leader with in-depth knowledge of the international automotive and fleet remarketing business,” said RMS Automotive head of global sales and marketing David Gaynoe in a news […] [Read More]