Ontario’s all-in pricing regulation is still causing trouble for dealers, and the issue is top-of-mind for Ontario Motor Vehicle Industry Council management. In fact, the organization put out another bulletin on the issue just this spring, reminding dealers “there can be no hidden fees; no surprises.” And to get a handle on the top regulatory […] [Read More]

PCG Research’s report about dealers who leveraged strategy promoted by The Next Up indicated 85 percent of stores that changed from an open sales floor process (OSFP) to a managed retail sales process (MRSP) sold more vehicles. Through surveys with more than 100 automotive professionals using The Next Up, the PCG Research report titled, Transforming […] [Read More]

Indulge me for a minute. I want you to think back to the last major purchase you made. It could’ve been a car — for yourself or for a loved one. It could’ve been tuition. It could’ve been a house, or a house repair. Or a vehicle repair. Whatever it was, it comes to mind […] [Read More]

Many in the industry may have wondered why prices in the collectible car market have been soaring as of late. In fact, according to Black Book data, exotic vehicles appreciated by 38.3 percent year-over-year in April. For those wondering, Black Book analysts are attributing part of this steep price increase to what they are coining, the […] [Read More]

Auto Remarketing has launched a new series this year called “Consignor Connection,” in which we catch up with a leading remarketing executive at a different consignor each month. In a Q&A format, we talk about best practices, auction industry trends and more. The latest in this series features Levi McCoy,  who is the director of remarketing at LeasePlan […] [Read More]

Russ Darrow Jr., the founder of the Russ Darrow Group, was recently inducted into the Wisconsin Business Hall of Fame. The ceremony, which took place at The Pfister Hotel in Milwaukee on April 16, benefited the Junior Achievement of Wisconsin and marked the 25th anniversary of the Hall of Fame. One hundred past laureates were […] [Read More]

When it comes to selling cars today, social media plays a large role in consumer engagement, especially for the millennial generation, which tends to rely much more on referrals and suggestions from friends and family. And it when it comes to meeting customer where they are, BMW and Ford stand out from the pack in Canada. […] [Read More]

Peer-to-peer vehicle marketplace Beepi will now offer its service in the state of Texas. The platform will make its market launch in Austin and Dallas, providing residents with access to local inventory, vehicle inspectors and customer service resources. Beepi plans to continue its expansion in Texas in the future by soon adding Houston and San Antonio […] [Read More]

The NADA Used Car Guide announced today that it has launched its all-new website, which includes new features for dealers, lenders, tax assessors and researchers.       “We outlined several big plans for ourselves at the beginning of the year to better serve our customers and attract new business,” said Mike Stanton, the company’s president […] [Read More]

Charlie Wise acknowledged banks, credit unions and finance companies kept coming to him and his TransUnion colleagues asking about the risks associated with consumers — particularly millennials — holding student loan debt. The volume of inquiries prompted TransUnion to examine the issue, and the project findings are “good news” for the auto finance market, according […] [Read More]