Subaru Canada Inc. and the Quebec Subaru Dealers Association announced late last week they had collectively raised $50,000 for Special Olympics Quebec. In association with the Rinaldi Agency, the event, with “a gesture that makes a difference” theme, was hosted at the Club de golf Fontainebleau on Aug. 22. Special Olympics Quebec, in operation for […] [Read More]

When Auto Remarketing Canada launched its inaugural Power 120 issue last fall, we had no doubt the Power list would grow, just as the number of innovative companies in the remarketing space continues to expand. The second annual Power issue — set to be released later this month — reflects that growth, as this time around we […] [Read More]

Auction volume was up nearly 5 percent in August, according to the National Auto Auction Association, continuing what’s been a solid 2014 so far and likely the third straight year of increased volumes — with more growth on the horizon. The association’s latest Economic Dashboard — prepared by NAAA economist Ira Silver — indicated that […] [Read More]

The National Highway Traffic Safety Administration will be examined in a Senate subcommittee hearing next week. Announced this week by the U.S. Senate Committee on Commerce, Science, and Transportation, the Subcommittee on Consumer Protection, Product Safety, and Insurance will host the hearing on Tuesday at 2:30 p.m. EST. The hearing, titled “Oversight of and Policy […] [Read More]

The latest installment of the Auto Remarketing Training Series — a free webinar featuring experts from Automotive Internet Media (AIM) and Manheim — is set to give dealers another round of training they need to make better inventory decision to improve sales and gross profit. The upcoming free webinar is scheduled for 2 p.m. ET […] [Read More]

Along with giving an update on how many dealers are using its mobile apps, Manheim highlighted the benefits from the investment in its new Enhanced Vehicle Imaging Suite, which is aimed at helping customers who have struggled to find vehicle condition reports with consistent imaging quality. Manheim introduced the Enhanced Vehicle Imaging Suite to customers […] [Read More]

After announcing a successful second quarter, Carfinco reported strong growth in both its Canadian and United States operations in August. In fact, the company reported growth in Canada that represented the largest single month growth since October 2012. Last month, Carfinco’s Canadian finance receivables grew by 21.8 percent year-over-year. Farther south, the company’s U.S. receivables […] [Read More]

AutoNation has increased both its footprint in the Northwest as well as the number of its approved vendors, with the retailer adding the dealer-direct marketplace DealersLink to that roster.  Starting with its store purchases, AutoNation announced Wednesday it has signed agreements to acquire Audi, Mercedes-Benz, Porsche and Volvo stores in the Seattle-Bellevue market from Barrier Motors.   The move […] [Read More]

American Bankruptcy Institute officials noticed August contained the largest year-over-year drop in filings thus far in 2014. According to data provided by Epiq Systems, total bankruptcy filings in the United States decreased 16 percent in August compared to the same month last year. Bankruptcy filings totaled 75,170 in August, down from the August 2013 total […] [Read More]

Despite Comerica Bank saying the latest economic trends might be better than the raw numbers indicate, Requisite Press insisted when it released its August Auto Buyer's Affordability Index (ABAI) on Wednesday that a growing economy is “simply not” enough to expand buyer access. The August ABAI came in at 54.8, indicating that a prudent, median-income […] [Read More]