Regardless of which way the subprime breezes are blowing, GWC Warranty explained there are certain steps dealers can take to ensure their own subprime business doesn’t fluctuate with the annual ebbs and flows of the subprime market. The company that specializes in used-vehicle service contracts and related finance and insurance products sold through dealers pinpointed […] [Read More]

You might automatically assume if student loans — and difficulty in maintaining payments — are the hurdles to keeping the financing from being finalized for vehicle delivery, the customer surely is a recent college graduate. A new report from the Consumer Financial Protection Bureau indicated that situation might not necessarily be the case. The CFPB […] [Read More]

CarGurus combed through analysis of 900 million used-car searches on the car-shopping website from 2016 and found that Chevrolet, Ford and Toyota, respectively, were the most sought-after brands nationally. But the site also delved into the used-car search patterns of five major U.S. metropolitan areas to see which brands were resonating the most. In its first-ever […] [Read More]

After analyzing the 900 million used-car searches on its website in 2016, CarGurus found that when it comes to sought-after used vehicles, Ford and Chevrolet lead the way. The Big 3 rivals took five of the top six spots on the car-shopping website’s list of 10 most-searched used cars in 2016, according to the company's […] [Read More]

MetroGistics and AmeriFleet are merging. MetroGistics Holdings and Tailwind Capital, which owns a majority stake in MetroGistics, announced the purchase of AmeriFleet on Monday. The merger of their operations is designed to create  a “one-stop-shop” for various fleet-related services like driveaway trucking, storage, title and registration and compliance. “This is incredibly exciting news for MetroGistics, […] [Read More]

Used-car sales are predicted to do well in 2017, following what was a record year for used-car sales, according to two automotive industry leaders.  In an AIADA AutoTalk webinar in late December,  KAR Auction Services chief economist Tom Kontos and David Lim — vice president and equity analyst at Wells Fargo Securities — discussed last year’s used-car […] [Read More]

A shopper walks into a dealership and begins talking with a salesperson.  The dealership employee asks how the shopper heard of the store, and he or she jots down some notes. Though that may help break the ice with the shopper, it’s not exactly a scientific approach to figuring out where their traffic comes from. […] [Read More]

The recent move by Ally Financial to commit $600 million in financing to online retailer Carvana didn’t surprise Autotrader senior analyst Michelle Krebs when asked about the demand for more online capabilities to complete as much of the vehicle delivery as possible online. “I will say that study after study we do with Autotrader and […] [Read More]

As part of the Special Conference Edition coverage in our March/April issue,  Auto Remarketing Canada is launching a new feature called Women & Automotive: Profiles in Leadership. In conjunction with the Women & Automotive: Canadian Leadership Forum, we will be compiling a handful of profile stories about women in the Canadian auto industry who exemplify […] [Read More]

Before S&P Global Ratings credit analyst Amy Martin could even get to her slides containing projections for the auto ABS market, an observer who joined the firm’s webinar on Thursday asked which subprime ABS issuers are most vulnerable to negative results this year. When assessing the market in general, Martin first reiterated that deep subprime […] [Read More]