Vehicle sales may have been waning in recent months in Alberta, due in part to the steep drop in the oil prices that fuel the region, but that’s not stopping AutoCanada from looking at expansion opportunities in the region. Canada’s largest public auto group hosted its second quarter financial conference call last week, and the company’s […] [Read More]

Dealer chat and website engagement provider Gubagoo announced Wednesday a strategic partnership with Zimmerman Advertising. Rick Friedman, the executive vice president of automotive at Zimmerman, summed up the strategy. “This strategic partnership with Gubagoo is a key capability to our retail automotive division’s exclusive integrated media messaging strategy,” Friedman said. “Gubagoo’s desktop and mobile chat […] [Read More]

Through its research and focus groups in recent years, Cars.com has found an interesting and extremely prevalent pain point among consumers who are trying to sell their cars. And it's perhaps a misconceived perception by the consumer, at that — but one that gives dealers an opportunity to boost their used-car operations. “What (consumers) overwhelmingly […] [Read More]

Larry H. Miller Dealerships, in conjunction with Safe Kids Arizona and local first responders, announced Wednesday the group will host car seat safety checks throughout the month of September for National Child Passenger Safety Month. LHM dealer locations from Phoenix to Tucson, Ariz. will host the events every weekend in September from 9 a.m. to […] [Read More]

In the State of the Automotive Finance Market report released Wednesday by Experian Automotive, Melinda Zabritski detailed the healthy trends being spotted in car financing through the second quarter of this year. Prior to this report, Zabritski shared a few other auto financing-related trends as part of Auto Remarketing’s annual Power 300 issue. Below is our […] [Read More]

Dominion Dealer Solutions announced Wednesday its dealer management system, Dominion ACCESS, has now begun integration with J.D Power’s Power Information Network, or PIN. Via PIN, which serves over 12,000 franchises in North America, Dominion ACCESS is now integrated into J.D. Power’s PowerDealer tool, capable of creating customized, real-time F&I reports. According to Dominion, there are […] [Read More]

Depreciation slowed marginally in July, though downward pressure proved to be a bit worse than historically seen in mid-summer. That’s according to the latest Guidelines report from NADA Used Car Guide, which reported prices of used vehicles up to 8 years in age fell by 2.2 percent last month from June rates. This hit about […] [Read More]

Prices at auction were on the way up in July — more so than expected on a seasonal basis. That’s according to the ADESA Canada Used Vehicle Price Index, powered by ALG, which after being updated for July showed an average wholesale price increase of 0.5 percent from June. "Price movements by segment were mixed […] [Read More]

Generally speaking, auto loan payments are being made on time these days, as Experian Automotive shows in its latest State of the Automotive Finance Market report. But how are the different regions of the country faring? First, let’s look at the overall statistics. For the second quarter, the 30-day delinquency rate for the period was […] [Read More]

The fastest growing auto loan balances in nearly a decade and record loan dollar volumes? Check. The lowest second-quarter 30-day delinquency rate in five years? Check. Strong auto sales? Check. Oh, and there’s balanced portfolio distribution amongst the credit tiers. “The automotive loan market is working the way it’s supposed to, with loans being made, […] [Read More]