The Ontario Motor Vehicle Industry Council announced Friday that it has issued a 450-day incarceration sentence to a dealer for two counts of curbsiding. According to OMVIC, the dealer, Mehran Amini, was acting as a dealer without registration, contrary to the Motor Vehicle Dealers Act, and will serve the longest sentence of its kind ever […] [Read More]

Insurance Auto Auctions announced Thursday the opening of its IAA Dundalk facility in Maryland. One of five IAA locations in Maryland, the Baltimore-area facility adds to the company’s 170-plus locations in North America. "The IAA Dundalk facility will enhance the company's presence in the greater Baltimore area by providing buyers and sellers with greater convenience and access […] [Read More]

When you’re driving down the road, how many of the cars in motion around you are being physically driven by fellow humans? More often than not, all of them. Thinking of an answer to this question, today, may seem quite silly. By the time our millennial readers are old and gray, however, it won’t be. It’s well known […] [Read More]

Auction sales of cars aged eight years or less hit a five-year high, and late-model auction sales climbed 12 percent. That’s according to the latest issue of Guidelines from NADA Used Car Guide released Friday. The report said there were 4.17 million auction sales of cars 8 years old or newer in 2015, which beat […] [Read More]

The wholesale market closed the year out on a slow note with market activity down and auction prices falling. According to the latest Guidelines report from NADA Used Car Guide, prices of used vehicles up to 8 years old fell by almost 2 percent in December. This decline was much larger than the 0.5-percent decline […] [Read More]

With more than 235 model options in the new-vehicle marketplace, customers shopping in that arena are a bit spoiled for choice. Understanding what customers are drawn to, and, perhaps more importantly, turned off by, can be what sets a good car apart from a great car. That’s where the annual J.D. Power Avoider Study comes […] [Read More]

Lease credit approvals on Swapalease.com decelerated a tad in the final two months of the year — similar to prior years — but still finished 2015 with a “healthy” approval rate of 70 percent, the company said in an analysis released Thursday. And much like the overall auto industry, lease approvals on the site were still […] [Read More]

Canadian importer for McLaren automobiles Pfaff Automotive Partners announced today it is bringing the luxury brand to the Quebec market. Pfaff is extending the McLaren dealer network with the appointment of Nino and Renato De Cubellis, who will open McLaren Montreal in late 2016. This will be the third dealership in Canada for the high-performance […] [Read More]

If you’ve been in this business for any length of time, you’re no doubt familiar with the spot delivery. That’s when a dealer signs a contract with a customer, allowing them to take possession of their new car before they’ve even received bank approval. It’s a practice about as old as the industry itself — […] [Read More]

New Jersey dealers now have another option for research when trying to stay compliant with growing F&I laws. The Reynolds and Reynolds Company announced the release of the Reynolds LAW New Jersey F&I Library. The Library is a catalog of standardized, legally reviewed finance and insurance (F&I) documents for franchised new car and truck retailers […] [Read More]