While finance company executives know it’s important to originate vehicle installment contracts, they also understand it’s vital to keep those accounts current and monthly payments flowing into the company’s account. In an analysis sent this week to SubPrime Auto Finance News, BillingTree head of corporate marketing Dave Yohe previewed three trends that will impact payments […] [Read More]

This week, Wise F&I announced the hiring of Amy Counts as an account executive. The company indicated Counts is responsible for business and relationship development with independent agents by growing Wise F&I product penetration. Counts has more than 18 years of experience in the automotive industry working for Reynolds and Reynolds and RouteOne in roles […] [Read More]

CUneXus Solutions, a provider of omni-channel, application-free lending technology, formed a partnership with Edmunds.com in an effort to collaborate to develop a new generation of vehicle shopping and purchasing solutions. The companies indicated the goal is to have these tools be unveiled this spring. “Edmunds.com is creating the most trusted car shopping experience, and CUneXus’ […] [Read More]

Penske Automotive Group has bought a 49-percent equity ownership stake in a luxury dealership group in Japan known as the Nicole Group. The multi-franchise retailer operates out of Kanagawa and Tokyo, and it features a Rolls-Royce store, a Ferrari store, four BMW stores and three MINI stores. The Nicole Group also has two standalone service […] [Read More]

RouteOne Canada added another a company to its auto financing portal today, after announcing last month that Rifco National Auto Group and Desjardins Group had come on board, as well. Carfinco Inc. now joins the growing list of companies to partner with RouteOne Canada. "We strive to bring our customers best-in-class solutions, with a wide range […] [Read More]

The National Independent Automobile Dealers Association made a major enhancement to the NIADA member services Web-based promotional platform. According to what NIADA officials indicated on Thursday, the enhancement not only can make it easier for the association's 15,000-plus members to access benefit programs, but also is designed to add extensive new offerings. The association explained […] [Read More]

During what ended up being another best-ever year for the certified pre-owned business, sales for Big 3, Asian and European brand automakers all increased year-over-year, with domestics notching a double-digit gain. According to Autodata Corp., there were 926,997 CPO sales by Big 3 brands in 2015, which beat year-ago figures by 11.8 percent. Asian brands moved […] [Read More]

As Sheehy Auto Stores highlighted donations totaling $125,500 to 20 different charities, the Russ Darrow Group recently opened a new showroom specifically to showcase Kia certified pre-owned vehicles. The group’s Kia Gallery, a new state-of-the-art facility, allows for a display of 12 vehicles on the showroom floor, a 28-stall service department and an eight-vehicle service […] [Read More]

It was announced this morning that after a successful three-year partnership, Cox Auto Canada — through its Manheim Canada business — has acquired 100 percent ownership of the Manheim Source Edmonton auction. The move serves to extend Cox Auto Canada’s footprint in Western Canada. The auction will now operate as Manheim Edmonton and will continue […] [Read More]

NCM Associates, a popular fixture in the U.S. for its dealer 20 Groups and more, is launching in Canada. The company offers five core services for its clients: 20 Groups, education, consulting, business intelligence and travel solutions. And as the originator of the automotive 20 Group model in 1947, the team at NCM has had […] [Read More]