NextGear Capital, which launched in Canada back in 2013, has opened a new office up north. The company held a ribbon cutting ceremony last week to recognize the opening of its new Mississauga, Ontario office.   The new space is 12,000 square feet, and will be used to house the company’s customer service center and […] [Read More]

Cars.com said Tuesday that the site has reached a new milestone: 1 million consumer-generated online reviews of dealerships. The company launched the review feature four years ago. “We're proud to reach 1 million reviews for our dealer customers. It shows just how engaged Cars.com shoppers are during the dealership visit and the value they put […] [Read More]

GM Financial has named its 2014 Auction of the Year as part of its nationwide Auction of Excellence program, announcing Rawls Auto Auction as the annual winner. This marks the third straight time and sixth overall that Rawls has earned this distinction from GM Financial, having also received the award for 2006, 2009, 2010, 2012 and […] [Read More]

Automotive social media and digital engagement company Digital Air Strike recently announced its reception of several honors, including four Stevie Awards from American Business Awards as well as an award for one of the company’s co-founders. The company has been named as a finalist for the following Stevie Awards for: Management Team of the Year […] [Read More]

Record360, a new property inspection and asset condition reporting dashboard and mobile app, hit the market earlier this month. The new tool, designed by former rental industry executives, is designed to simplify and automate the way companies manage asset condition reporting, as well as give consumers peace-of-mind they won’t be charged for damage they didn’t cause […] [Read More]

As one senator proposed legislation to bring the Consumer Financial Protection Bureau within the Congressional appropriations process, Sen. Al Franken led a group of 57 U.S. lawmakers who urged the CFPB to issue new rules “swiftly” that would eliminate the use of forced arbitration clauses in consumer financial service contracts, which can include vehicle installment […] [Read More]

S&P Dow Jones Indices and Experian discovered auto loan defaults dropped 9 basis points in April to settle at its lowest level since June of last year. Analysts reported as a part of the S&P/Experian Consumer Credit Default Indices that the auto loan reading came in at 0.94 percent. The composite index — a comprehensive […] [Read More]

The newest analyst video from White Clarke Group shows the global asset and auto finance market is looking positive, despite political and economic tensions. White Clark Group explained the global leasing industry started 2015 with positive expectations that remain undaunted, “despite political and fiscal tensions casting long shadows.” In the U.S., analysts mentioned that finance […] [Read More]

In announcing its purchase of Dealix and Autotegrity last week, Autobytel said it plans to grow the used-car side of its business.  So, Auto Remarketing reached out to Autobytel’s president and chief executive officer, Jeff Coats, to find out more about why the company saw a need to expand its presence in the pre-owned space. “The used-car […] [Read More]

Shoppers are turning more and more to the Web and their mobile devices for car shopping. In fact, according to Autotrader’s Car Buyer of the Future Study, 42 percent of new and used shoppers are now using multiple devices, a combination of items such as their desktops, laptops, tablets and cell phones to shop for […] [Read More]