Investment analysts thought Credit Acceptance Corp. leadership would be a good source to gauge what might be in the subprime auto finance space and gather any clarity about whether turbulence might be ongoing. Rather than just offering his opinion, chief executive officer Brett Roberts pointed to Credit Acceptance data that compared the company’s forecasted collection […] [Read More]

For the second time in four months, the National Automobile Dealers Association has stated the Consumer Financial Protection Bureau squashed efforts to make public a number of leaked agency documents that NADA contends might undermine many of the agency’s long-running claims that it is not attempting to regulate dealers in circumvention of the Dodd-Frank Act. […] [Read More]

F&I Express announced two more companies joined its aftermarket product network. The newest additions to the network of nearly 100 product providers in an online portal accessible by dealers are Florida-based United States Warranty Corp., and Dent Wizard, a provider of automotive SMART (small to medium area repair techniques) reconditioning services and paintless dent repair […] [Read More]

Porsche Canada announced today it has broken ground on the site that will be home to a new Porsche Center as well as the company’s new headquarters. The new dealership will be the fourth greater Toronto area Porsche Center, and will house the brand’s first training center in Canada. The training center will feature two […] [Read More]

Really, anywhere that Howard Segal has gone, there have been cars. His job as a youth at the gas station, pumping fuel at age 13. Following the footsteps of his older brother, the southern New Jersey native then became a mechanic in his late teens. That eventually led to the dealership world, auto finance and […] [Read More]

To borrow from “Sesame Street,” one of these things is not like the others. Surrounded by mostly trucks and larger vehicles, the model at the top of the heap of auction price strength in the third quarter was the Nissan LEAF, according to Kelley Blue Book. Its latest Blue Book Market Report indicates that KBB […] [Read More]

In the last seven years, the average age of vehicles on the road in the U.S. increased by 15 percent to 11.5 years. How will that rate change in the next five years? According to Mark Seng, the global aftermarket practice leader for IHS Automotive, the company’s prediction is an increase in overall average age […] [Read More]

Since humble beginnings in the early-to-mid 1990s, the certified pre-owned business has picked up steam in the past decade or so, particularly in the last five years. Autodata Corp. data indicates that 2011, 2012, 2013 and 2014 were each record-breaking years for CPO, and 2015 is on pace to be an all-time high, as well. So, […] [Read More]

Wholesale prices were on the way up last month, and that marks the fifth month in a row auction prices have spiked. This increase brought the Manheim Used Vehicle Value Index up to 125.3, which is exactly where it started 2015, and up 2.9 percent from October of 2014, on a mix-, mileage- and seasonally adjusted […] [Read More]

AutoCanada Inc. announced its third quarter results late Thursday, reporting an increase in revenue and gross profit. The company also shared with the investment community that it will be turning its sites on Eastern Canada in regards to acquisitions, as the oil-heavy Western economy continues to struggle. Among the company’s third-quarter highlights was an increase […] [Read More]