On the heels of the roll-out of a compliance tool, F&I Express recently launched ExpressQuote, a new feature added to the company’s cloud-based solution to help F&I managers provide customers with fast, accurate quotes on aftermarket products. The company explained ExpressQuote can connect F&I managers to product and price information from a large network of […] [Read More]

The Harper Government announced a plan to align the country’s emission regulations with the U.S. in an effort to cut down on air pollution from vehicles and gasoline. Environment Minister Leona Aglukkaq made the announcement last week, noting the new standards for on-road vehicles are “part of its (Harper Government) ongoing commitment to improve air […] [Read More]

FactorTrust chief executive officer Greg Rable regularly receives questions from finance companies that are seeking more information about millennials, and for good reason. FactorTrust indicated that millennials — individuals born after 1980 — make up the largest percentage of non-prime auto applicants at 43 percent. “If you look at millennials overall and their position today […] [Read More]

The National Independent Automobile Dealers Association is joining Used Car Week as one of its industry partners, Cherokee Media Group and NIADA announced today. Used Car Week is a series of used vehicle-specific conferences held each November and produced by CMG. Used Car Week 2015 is scheduled for November 16-20 at the Phoenician Resort in […] [Read More]

In the latest installment of the annual Power 300 issue of Auto Remarketing, we launched a new feature to spotlight just a few of the companies on the list. In a Q&A format, we go behind the scenes with some of the leading companies in the used-car space. First up in this series is Brian Geitner, […] [Read More]

Software services provider NOBEL Systems recently announced the launch of RecallBuzz.com, a website designed to help consumers keep up with the ever-growing volume of auto recalls. The RecallBuzz website is powered by VINSmart, another product of NOBEL Systems’ and an authorized National Motor Vehicle Title Information System consumer-access provider, and allows the search of a VIN […] [Read More]

The management team at Corry Auto Dealer’s Exchange, along with nearly 1,000 participants, is counting down the days to the third annual Barber Beast on the Bay — a fundraiser for the Barber National Institute. Corry ADE officials highlighted the main event kicks off on Sept. 12 with an exciting day of activities that includes […] [Read More]

Cox Automotive chief economist Tom Webb didn’t divulge any confidential Manheim Consulting team data about a consignor’s specific portfolio, but he still managed to illustrate how the firm’s information answered questions about perceived regional differences in wholesale pricing. To close the July edition of Manheim’s Auto Industry Brief, Webb recapped a presentation segment he made […] [Read More]

Penske Automotive Group announced a record second-quarter and six months, which was driven in part by growing used retail sales and success in the service and parts business. According to the conference call to discuss Q2 and six-month results, chairman Roger Penske reported the company retailed 49,500 used units in the quarter, representing an increase […] [Read More]

Light vehicles in operation, as of January 1, reached a record level of 257.9 million. And the average age of those vehicles experienced a slight uptick to 11.5 years old. On top of that, volumes of cars up to five years old are expected to jump by as much as 24 percent over the next five […] [Read More]