As reporters and editors, our job, in a nutshell, is to gather facts — and verify, verify, verify — then report those facts in a fair and accurate manner. Provided the above requirements check out, what often provides that extra sizzle and substance to a news report (particularly in our world of business-to-business publication) is […] [Read More]

IHS, the parent company of Carfax, announced Monday morning it has purchased CarProof Corp. for $650 million CND, which translates to about $460 million USD. CarProof is a vehicle history report provider in Canada. IHS bought Carfax in July 2013. Jerre Stead, chairman and chief executive officer of IHS, said: “Like Carfax, CarProof is a […] [Read More]

For women, affordability is key in their search for a new ride. That’s according to a new study from auto research company iSeeCars.com, which shows that when women shop for pre-owned cars, they are looking for ones that are “exceptionally affordable.” And think about it, what brands scream “affordable” to you? Well, the Korean automakers […] [Read More]

After releasing  its first financial results report in November, Automotive Properties Real Estate Investment Trust, also known as the REIT, announced this week it is acquiring a dealership property in Montreal for $7.2 million.    Established this past June by the Dilawri Group of Companies, the focus of the trust is speeding up consolidation and acquiring dealerships […] [Read More]

GE is selling a portion of its shares in Hyundai Capital Services to Hyundai Motor Co. and Kia Motors. This move is part of a larger exit plan. GE has partial ownership (43.3 percent) of HCS, which it plans to divest in coming months.  HCS, or Hyundai Capital, is a joint venture between Hyundai and GE […] [Read More]

OpenRoad Auto Group opened its 16th dealership with the unveiling of Jaguar Land Rover Langley earlier this month. The new dealership is located in the Langley Auto Collection, the luxury auto mall where the dealer group owns and operates BMW Langley, MINI Langley, Infiniti Langley and Porsche Centre Langley, as well. "We’ve been fortunate to […] [Read More]

Dilawri Group of Companies announced this morning it has added its 58th dealership. The dealer group has purchased Mercedes-Benz West Island, which represents the seventh franchised dealership purchase for the group in the greater Montreal area this year. Mercedes-Benz West Island — a corporately owned dealership — first opened its doors in 2002 and has […] [Read More]

When you’re looking at the big picture of car sales, Cox Automotive’s Juan Flores said, the question that many dealers, automakers and consumers have on their minds is this: When will digital retailing happen? “We know that there’s some manufacturers that are doing that really well, but it’s still the minority,” Flores told Auto Remarketing. […] [Read More]

With today marking the last installment of SubPrime News Update for 2015, we conducted our own portfolio analysis to uncover what turned out to be the top 10 stories of the year stemming from online traffic to our website. Not surprisingly, nearly all of the reports had some connection to a regulator; be it at […] [Read More]

General Motors Financial announced on Thursday that it intends to enter into an agreement with Western Securities Limited to build a financial servicing center in San Antonio, accommodating up to 700 employees, almost all of whom will be new hires. This week, the San Antonio City Council approved the proposed incentive package recommended by the […] [Read More]