The National Independent Automobile Dealers Association announced this week that it now approves 700Credit as a NIADA National Benefit Partner and credit data provider to its dealers. “We couldn’t be more proud to be selected by NIADA as a National Member Benefit partner,” Kenneth Hill, the managing director at 700Credit, said. “NIADA is leading its independent dealer […] [Read More]

The National Highway Traffic Safety Administration broadened its advisory to have vehicles with defective Takata airbags repaired as quickly as possible; a move cheered by a pair of Kelley Blue Book analysts. NHTSA first urged owners of more than 4.7 million vehicles to take action and then expanded it to more than 7.8 million units from […] [Read More]

Continuing its stream of acquisitions for the year, AutoCanada Inc. announced this week it has purchased Toronto Dodge Chrysler Ltd, which owns and operates a Chrysler Dodge Jeep Ram dealership located in Toronto. The dealer group received approval from Chrysler Canada to purchase the operating assets of Toronto Dodge, and the acquisition was expected to […] [Read More]

Certified pre-owned sales continue to soar, recently scoring the best quarter ever for the certified market.  And this growth in popularity cuts down on the challenges for dealers when it comes to conveying the value of the certified vehicle to customers. When CPO vehicles first hit the lot, dealers had quite a job convincing potential […] [Read More]

The Canadian Auction Express brand is expanding. Veteran auctioneer and entrepreneur Gord McComb and his son Jim McComb, vice president of operations and also an auctioneer, are opening a new auction designed to serve dealers. The new Canadian Auction Express is located at 43 Somers Drive in Moncton, New Brunswick’s Caledonia Industrial Park. Gord McComb […] [Read More]

Sales in Motion Showroom Selling Tools’ tablet-based sales application now has a new offering that can help salespeople cut down on the time it takes to close a deal as well as foster confidence in their customers. The company has added Carfax Vehicle History Reports to its app's capabilities. Now, dealers using the tablet-based application […] [Read More]

Though some segments will fall outside the overall trend, wholesale prices are expected to remain flat over the course of this week, despite expected seasonal softness. That’s according to NADA’s AuctionNet data, which shows that losses this week will be led by the compact car segment. This fuel efficient segment is expected to see prices […] [Read More]

A new offering for the F&I department and service department that will help generate more revenue and potentially more used supply is about to hit the market. MyCarIsWorthLess.com — an online diminished value calculator — is launching its Diminished Value Protection Plan, a prepaid membership based service that helps eligible members recoup their diminished value after an […] [Read More]

This week, the Consumer Financial Protection Bureau finalized a rule to promote more effective privacy disclosures from financial institutions to their customers. The new rule, which was proposed in May, allows companies that limit their consumer data-sharing and meet other requirements to post their annual privacy notices online rather than delivering them individually.  “Consumers need […] [Read More]

Spireon introduced a revamped version of its collateral management platform to help vehicle finance companies on Wednesday. What the company dubbed GoldStar CMS is being billed as a revolutionary new tool geared to reduce the time and costs related to funding and servicing auto loans dramatically. The company highlighted GoldStar CMS as the next generation of […] [Read More]