As their used-car operations churn out stronger numbers, both franchised and independent dealers have been more willing to shell out extra money for the cars their customers bring to the lots, according to CNW Research. In fact, when considering all 16 vehicle segments included in CNW’s data set, franchised dealers offered a weighted average of […] [Read More]

Based on the first half of the month, May’s used-vehicle sales volume will likely approach 4.5 million units and beat year-ago figures by 1.5 percent, according to CNW Research. The firm said in its latest Retail Automotive Summary that it is forecasting 4.46 million used sales this month when accounting for the results of franchised […] [Read More]

Nissan Canada revealed its choice for director of marketing this week, promoting Steven Rhind to the position. The move is effective this Sunday. In the new role, Rhind will head up marketing, advertising and digital communications for the Nissan brand in Canada, as well as product planning for the automaker’s line-up. Rhind has been with […] [Read More]

AutoCanada Inc. is continuing to expand this spring as it announced this week it is buying BMW and MINI stores in Quebec. The company said it has obtained approval from BMW Canada Inc. to purchase the shares of Automobile Canbec Inc., which owns and operates a BMW and a MINI dealership, located in Montreal. "BMW […] [Read More]

If you count on Auto Remarketing Canada's news from the pre-owned auto industry hitting your inbox every week, take note! There are a few steps you will need to take to ensure you keep receiving the e-newsletter and digital magazine after Canada's new anti-spam laws officially begin. Canada’s new Anti-Spam Regulations, or CASL, take effect […] [Read More]

Digital marketing company Outsell launched a new buyer-detection product this week that works to keep dealers from missing out on new leads and potential repeat customers while also helping to gauge just how serious a shopper is about securing a new ride. BuyerScout actually alerts users when current customers and prospects are actively shopping for […] [Read More]

CNW Research indicated vehicle financing approvals for subprime buyers are down a bit this month compared to a year ago but are up slightly compared to April. The latest edition of the firm’s Retail Automotive Summary showed subprime approvals are off by 7.8 percent so far this month. However, May approvals for consumers with credit […] [Read More]

The Next Up, a retail sales process aimed at improving dealership sales, announced the extension of The Next Up Web-based system to include applications for a dealership’s finance and service departments. Designed to create added accountability in the finance and service departments, the company explained these new applications can allow management to track the time […] [Read More]

Finance company compliance departments as well as legal counsel to trade and dealer associations are still sorting through the ramifications of the indirect auto lending and compliance bulletin the Consumer Financial Protection Bureau sent out more than a year ago. One of the crafters of that document who is no longer with the CFPB reiterated […] [Read More]

Around 5 p.m. Central Time on April 28, everyone had left Mid-South Auction with the exception of Bob Sullivan and a nighttime security guard. Throughout that afternoon, Sullivan — the vice president and general manager of the Pearl, Miss. auction— had been receiving tornado warnings on his phone. But just before 7 p.m., the tone […] [Read More]