Still reinforcing a projection that bankruptcy filings would could to decrease this year, the American Bankruptcy Institute reported that total U.S. bankruptcy filings dipped just 1 percent in February compared to the same period last year. According to data provided by Epiq Systems, bankruptcy filings totaled 64,662 in February, down slightly from the total posted […] [Read More]

Last year saw Canada’s average new-car loan term eclipse 72 months, with terms longer than six years making up roughly 60 percent of the car loan portfolios of the country’s largest financial institutions. This is just one key finding in Financial Consumer Agency of Canada’s recently released Auto Finance: Market Trends report, which highlights the […] [Read More]

ADESA, a business unit of KAR Auction Services, announced it has promoted a new regional vice president for Eastern Canada. General manager of ADESA Montreal Simon Robitaille has been chosen for this role. In his new role, Robitaille will be responsible for providing guidance throughout the region and helping to expand and enhance operations in […] [Read More]

RSM partner Ronnie Lee and his accounting team recently conducted research among specialty finance firms regarding fraud. After sharing some of the details of the company’s research findings, Lee also spelled out four ways finance company managers can deter and detect fraud. “Overall, we found that roughly half of all firms we contacted had experienced […] [Read More]

Not only can you expect new-car buying and vehicle ownership to remain relatively unscathed by car-sharing and ride-sharing upstarts, these burgeoning services may actually present an opportunity for dealers and others in the auto business. That’s according to a recap of the 2016 Kelley Blue Book Ride Sharing/Car Sharing Study, which was commissioned by KBB […] [Read More]

Customer contact management company CallRevu and dealership software provider ELEAD1ONE recently introduced the seamless integration of CallRevu into the ELEAD1ONE CRM platform. CallRevu can provide call management tools for dealers to handle phone calls, improve employee phone skills and discover more sales and service opportunities through live, actionable alerts. “Every phone call is an opportunity […] [Read More]

U.S. dealerships were buying and selling at rapid rates last year, fueled in part by Berkshire Hathaway’s giant acquisition of the Van Tuyl auto group. According to The Blue Sky Report from Kerrigan Advisors, which released its full-year 2015 analysis on Wednesday, U.S. dealership buy/sell activity reached record highs last year. According to The Banks Report […] [Read More]

Insurance Auto Auctions has announced the debut of its Title Procurement Dashboard, a new feature within CSAToday, the company’s online vehicle inventory management and analysis tool. The Title Procurement Dashboard is the newest member to be added to the IAA Total Loss Solution suite of offerings that aim to help improve customer satisfaction and effectively manage […] [Read More]

Cox Automotive named a vice president of communications and community relations on Wednesday, appointing The Weather Company executive Shirley Powell to the role.   Powell will be based out of the company’s Atlanta corporate offices and will head up day-to-day, global operations of Cox Automotive’s communications. "Cox Automotive has a great story to tell about […] [Read More]

Dominion Dealer Solutions announced the launch of its Dominion Recon solution on Wednesday, its newest process-based software platform for tracking and managing the used-vehicle reconditioning process for dealers. Dominion Recon is now available to dealers as part of the company’s Inventory Manager. “Dealers clearly understand the impact the reconditioning process has on dealerships’ financial performance,” […] [Read More]