One of the benefits to certified pre-owned is that it often gives dealers and automakers the chance to introduce a consumer to the brand. An entry point, so to speak. Maybe the shopper is on the fence financially, but wants some of the same protection and assurance that a new car offers; CPO can be […] [Read More]

Third-party automotive websites are improving satisfaction by capturing the attention of vehicle shoppers through increased use of the visual Web and its streamlined approach to site navigation, according to the J.D. Power 2016 Third-Party Automotive Website Evaluation Study released on Thursday. The study, now in its fourth year, measures the usefulness of automotive third-party websites […] [Read More]

Steven Landry will be the new chief executive officer of AutoCanada starting April 1, the company announced last week. Tom Orysiuk is remaining AutoCanada’s president, while Pat Priestner will become non-executive chair of the board of directors on May 6. Priestner has a target retirement of May 2017 at the company’s annual general meeting. “I […] [Read More]

Mazda Canada and Hyundai Auto Canada Corp. each recently celebrated significant sales milestones during deliveries of some of the automakers’ most popular models. First over at Mazda, OEM officials highlighted their two-millionth sale in Canada with one lucky customer, Bruno-Pierre Gougeon. The milestone vehicle sold was a 2016 Mazda3, which is Mazda Canada’s best-selling vehicle, […] [Read More]

This week, MakeItMyAuto.com launched the MakeItMyAuto mobile solution for dealers; a Web-based tool that can offer store personnel what is being dubbed as a “simple way” to introduce accessory add-ons to customers and be able to track sales in a uniquely designed portal. The company explained the MakeItMyAuto interface is custom designed to fit any […] [Read More]

Swapalease.com reported on Wednesday that lease credit approvals are beginning to bounce back after a dip in the numbers late last year. Site officials highlighted vehicle lease credit approvals for the month of February finished at 70 percent, an uptick from the January mark of 63.6 percent. As a whole, Swapalease described the automotive industry […] [Read More]

The concept of starting an in-house auto finance company in 2016 could be viewed as a curious one. There's the current auto lending regulatory landscape, plus the echoes of the late 2000s auto finance hurdles. But consider, for a moment, the potential in the peer-to-peer car sales space. Depending on how you measure it, says […] [Read More]

Overall vehicle depreciation for 2- to 6-year old vehicles is expected to reach 15 percent this year, representing an increase from the level of 13.2 percent experienced in 2015. That prediction arrived on Wednesday as Black Book and Fitch Ratings released their latest joint vehicle depreciation report Analysts indicated the projected level of depreciation will […] [Read More]

FactorTrust recently added a former top official at the Consumer Financial Protection Bureau to its board of directors Lending her expertise to the organization’s audit and risk committee is industry veteran Marla Blow, who now is founder and chief executive officer of FS Card, a Washington D.C.-based credit card venture designed to offer underserved borrowers […] [Read More]

ADESA subsidiary Recovery Database Network (RDN) named its new chief executive officer this week, expanding the role of a president and CEO from another subsidiary. Taking on the leadership post at RDN along with his responsibilities at CarsArrive Network is Michael Briggs. As the leader of both RDN and CarsArrive, ADESA indicated Briggs will integrate […] [Read More]