About a year and a half after the company lost its founder, who died in a cycling accident, Fleet Financial has now reemerged with what company leadership hailed as a new look, feel and brand. Fleet Financial, a national finance and insurance marketing firm that focuses on auto refinancing, announced this week that it’s rebranding […] [Read More]

The National Automotive Finance Association is again hosting the opening module of its Consumer Credit Compliance Certification Program; the ongoing training endeavor to help finance companies and other stakeholders in the industry tackle the increasingly difficult challenge of complying with federal and state regulatory requirements. The NAF Association will welcome another cohort of students during […] [Read More]

After many years of investing in research and development with its valued clients and partners, MaximTrak Technologies recently rolling out an F&I platform the company believes has four unique enhancements geared toward international business. The MaximTrak Global platform is being released in the United States, Canada, China, Australia, South America and into Europe. This new platform […] [Read More]

TrueCar has hired AutoAlert chief executive officer Brian Skutta to be its executive vice president of dealer sales and service. The position is a newly created one designed to “strengthen relationships and improve services across the TrueCar Certified Dealer network,” the company said in Friday’s news release. Skutta will move into the position on Feb. […] [Read More]

Transport Canada announced Thursday it has uncovered a potential dangerous defect in some Toyota RAV4 vehicles — a recall that is estimated to affect over 2.7 million RAV4s globally. Transport Canada and Toyota Canada reported in a severe frontal crash, contact with the steel structure in the seat may cause the rear seat belt to […] [Read More]

Toyota Motor Sales, USA announced that it is conducting a safety recall of model-year 2006 to 2012 RAV4 and 2012 to 2014 RAV4 EV vehicles for a potential seatbelt issue. Affecting approximately 1,124,000 vehicles in the U.S., the involved vehicles are equipped with lap-shoulder seatbelts in both second-row outboard seats that can potentially separate during […] [Read More]

A lower Canadian dollar has been bad for some industries, and boosted others. One division of the Canadian automotive industry that has grown substantially over the past year is used-vehicle exports to the U.S. In fact, according to DesRosiers Automotive Consultants, the number of used vehicles exported to the U.S. from Canada through November of […] [Read More]

On Wednesday, the same day ADESA’s agreement to purchase its eight auctions was announced, Brasher’s posted a statement to its website that explained the decision to sell its locations. Additionally, Brasher's provided some detail on the impacts going forward. The company made the decision to sell its eight auctions “after much serious consideration and evaluation of […] [Read More]

Transport Canada’s Minister of Transport, Marc Garneau, has recently ordered Nissan Canada to immediately inform its vehicle owners of a previously recalled safety issue, marking the first time the ministerial power known as a Subsequent Notice Order has ever been invoked. The issue involves owners of 2005 and 2006 Nissan X-Trail vehicles, which have a […] [Read More]

Rapidly falling oil prices — and the consequent weakening of the Canadian dollar — contributed to a near 10-percent increase in auto loan delinquencies over the course of 2015. That’s according to TransUnion’s latest MarketTrends report, which showed auto-loan delinquencies increased to 1.32 percent in the fourth quarter of last year, which is also the […] [Read More]