HGrégoire announced this week that it is “consolidating its Laval assets in the new-car industry” and building two new Nissan superstores. The company has invested $10 million in each store, both of which are scheduled to open in February.   They are located at 4540 Robert-Bourassa Boulevard and 4299 Highway 40 North in Laval. HGrégoire's […] [Read More]

Three economists who regularly share their assessments with SubPrime Auto Finance News dissected the Federal Reserve’s actions this week, which at the conclusion of the regularly scheduled Federal Open Market Committee meeting included the raising of the federal funds rate by 25 basis points. In unanimously approving the move, the Fed explained its stance of […] [Read More]

New-vehicle transaction prices are expected to reach a record level this year and only go higher in 2017, says Edmunds.com. And the trends driving this pricing peak are likely to have some impact for older vehicles. In analysis released Thursday, Edmunds said the transaction price on a new-car will hit $34,077 for the year. This […] [Read More]

Manheim is now the exclusive remarketing partner of Maserati North America, the auction company said in a statement Thursday. Manheim will work with the car company to centralize its wholesale processes, a move that will include revamping its fleet management program and selling Maserati’s off-lease, buyback and company owned units. As part of the deal, […] [Read More]

The Alberta Motor Vehicle Industry Council named an interim chief executive officer on Thursday, appointing Doug Lagore to the role. His 30-plus-year leadership background includes working as a consultant with various municipalities, and one of his specializations is governance models. In a news release, AMVIC board chair Paul Williams said: “We are confident that Mr. […] [Read More]

Canada’s most searched vehicles of 2016 reveal that while many of this year’s car shoppers were economy-minded consumers, others had performance and luxury in mind. Searches for performance picks, like the Porsche 911, Ford Mustang and Chevrolet Corvette made the autoTRADER.ca list of the top 10 most searched vehicles, which is perhaps a sign that […] [Read More]

Looking at the certified pre-owned vehicle market, it’s clear that change is in the air. There are more customers interested in CPO vehicles than ever — 3 million in 2016. With 4.6 million vehicles set to come off lease by 2020, the number of in-market CPO customers could grow as high as 5.2 million over the […] [Read More]

Equifax announced on Thursday that it is powering a new solution designed to help dealerships to verify a potential buyer’s stated income and employment. The solution is fueled by accessing The Work Number, a database of employer-provided income and employment information from Equifax Workforce Solutions, a business unit of Equifax. It is anticipated that the […] [Read More]

Three years after leaving the investment banking world to form Braeger Financial Group with the objective of bringing individual accredited investors directly into auto finance, David Braeger recently rolled out his latest financing products to help buy-here, pay-here and independent dealerships secure more working capital. Braeger is now offering short-term finance notes to dealers; notes […] [Read More]

The fact that the top 10 list of vehicles owners keep for at least 10 years is made up entirely of models from Japanese automakers — many of which of known for strong reliability — doesn’t necessarily surprise Phong Ly. No, the surprise to the iSeeCars.com chief executive: nine of the top 10 are either […] [Read More]