A new study by TransUnion found that the large majority of Canadians would not be materially impacted in the near term by an interest rate increase. However, more than 700,000 consumers could struggle with their finances — which might include staying current on their vehicle installment contract — even with a quarter-point hike, and up […] [Read More]

The dog days of summer turned out to be the most difficult stretch of the year so far for lease approvals. Swapalease.com reported vehicle lease credit applicants registered a 57.7 percent approval rate for August — the lowest rate the market has seen in 2016 and also the lowest rate for the month of August in […] [Read More]

Auto/Mate Dealership Systems has integrated its dealership management system with myCarfax Service Shop tools to help dealer customers increase the success of their fixed operations. The companies explained this enhancement makes it easier for dealers using Auto/Mate software to join the myCarfax Service Shop program and take advantage of the program’s benefits. Auto/Mate subscribers that […] [Read More]

That shopper who steps on to a dealership lot almost certainly has already checked out the store’s website.   The first impression he or she has of the store might be made digitally. The team at AutoLeadStar has found through looking at various studies that “almost no one these days will walk into a dealership without […] [Read More]

More car shoppers are using social media during their search, but a small number find the information there to be particularly influential. According to J.D. Power’s 2016 New Autoshopper Study, 22 percent of internet car shoppers use a social media site as a source during their search. That’s up from 16 percent in 2015. But […] [Read More]

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]