Newly appointed Ally Financial chief executive officer Jeffrey Brown wasted little time articulating how he will steer the company. Brown hosted his first conference call with the investment community on Thursday, just three days after succeeding Michael Carpenter in the CEO chair. A primary spot where Brown thinks Ally is underachieving is the amount of […] [Read More]

Electronic payment and banking solutions provider ACI Worldwide pointed out that recent research from Mercator Advisory Group showed 62 percent of consumers demand faster bill pay services than the Automated Clearing House (ACH) plans to deliver. In light of that trend and how many finance companies leverage the ACH platform to collect monthly payments, ACI […] [Read More]

IDDS co-owner and vice president Max Zanan recently became the latest F&I executive to pass the certification exam orchestrated by the Association of Finance & Insurance Professionals (AFIP). Zanan passed the AFIP test in January. Based in New York City, IDDS provides F&I products, training and consulting services to dealers in New York and Florida. Zanan […] [Read More]

TRADER Corp. announced recently that it is joining forces with the Canadian International AutoShow in Toronto to host Industry Day on Friday, Feb. 13. The event, titled as Industry Day, “Secrets of the Auto Intender,” will feature keynote speaker Billy Beane, the general manager of the Oakland A’s. Several key industry leaders will demonstrate the […] [Read More]

The Dilawri Group of Companies reported this week it is ramping up its dealership presence in Quebec. The largest dealer group in the country — touting 52 dealerships nationwide — has bought its second Montreal-based dealership: Subaru Des Sources (SDS). "With the addition of SDS to our network, we not only gain a dealership with […] [Read More]

Group 1 Automotive retailed nearly 94,000 used vehicles in the U.S. last year, beating 2013 figures by close to 10 percent. And while per unit figures and gross margin percentages on the used retail side were down, the company increased its used retail gross profits by more than 5 percent. Reporting fourth quarter and full-year […] [Read More]

TradeRev announced this week it's partnership with the Quebec dealers association CCAQ (La Corporation des Concessionaires d'automobiles du Québec). TradeRev is now the dealer association’s exclusive partner for automotive online wholesale products and services. TradeRev explained that this latest move further “extends and solidifies” its presence across the province of Quebec, and said it  will […] [Read More]

Just after the second quarter of 2014, Auto Remarketing reported that a couple of the nation’s largest auto groups were having some challenges acquiring the skilled labor they needed to help fuel the automotive market’s current renaissance. Half a year later, it appears as though this will continue to be an ongoing hurdle for the car business, including companies […] [Read More]

Following suit with its parent companies, Chrysler Canada Inc. announced Wednesday it has changed its company name to FCA Canada Inc. The naming scheme falls in line with the FCA global parent company, Fiat Chrysler Automobiles N.V., which changed its name in October. FCA Canada is a wholly owned subsidiary of FCA US, which rebranded […] [Read More]

Three Canadian automakers notched record months in January for certified pre-owned sales, starting 2015 off with similar certified momentum seen throughout 2014. Mazda Canada continued its CPO growth with another record month. The automaker sold 431 certified vehicles in January, up from 345 sold during the first month of 2014. “This was a record January for […] [Read More]