Automotive digital marketing company Strathcom Media recently promoted a new way for Canadian dealerships to increase their online exposure. With its new syndicated data service, the company says dealers can  “increase the online exposure of their inventory without increasing their budgets.” The Used Cars Canada (UCC) Network (usedcarscanada.com), allows dealerships to post their vehicle inventory […] [Read More]

Toyota Canada recently announced it has come to an agreement to settle economic loss litigation in Canada related to Toyota recalls in 2009 and 2010 regarding unintended acceleration. The company said “turning the page on this legacy legal issue is in the best interests of the company, employees, dealers and, most of all, customers.” According […] [Read More]

CHICAGO — TransUnion spotted second-quarter trends that ought to make dealers and finance company executives who cater to customers with poor credit smile. Loans to subprime buyers are still being made at a steady pace while delinquencies on those contracts are not spiking. According to TransUnion's Industry Insights Report, subprime borrower vehicle debt has increased […] [Read More]

NEW ORLEANS — NABD is coming to the Big Easy. The National Alliance of Buy-Here, Pay-Here Dealers is having its first major event in New Orleans, and organizers of this year's East Coast BHPH Conference highlighted that early bird discounts are available through Oct. 4. Rates through that date are $495 for a single attendee […] [Read More]

WASHINGTON, D.C. — The American Financial Services Association contends the industry has been faced with a slew of new rules and regulations since the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act. To help its members prepare for and respond to the vast amount of new regulatory requirements, the association recently rolled […] [Read More]

ATLANTA — Manheim chief economist Tom Webb pointed to a series of summertime reports and other consumer trends that show middle-class and lower-income individuals — the primary potential buyers of used vehicles — are continuing to be pinched by a wide array of economic conditions. In this month's Auto Industry Brief produced by Manheim Consulting, […] [Read More]

This week, a diverse group of senior executives from 16 different companies across the auto industry — including a few major players in the used-car and remarketing fields — announced the launch of the Automotive Executives Association, an organization the founding members say is dedicated to facilitating business networking, providing new resources to help members […] [Read More]

The National Auto Auction Association is trying something new with its 65th Annual Convention this year. The association is broadcasting for the first time ever a live webinar in front of a studio audience. Titled “60 Minutes: 100 Arbitration Questions Answered in an Hour,” the webinar will be led by industry arbitration expert and Manheim […] [Read More]

Reynolds and Reynolds revealed an acquisition for the second time this week on Thursday. This time, the company announced its documents services division acquired Virginia-based Orlando Business Systems, which provides business forms to dealerships. Terms of the acquisition were not released. “Orlando Business Systems has built a solid presence in serving automobile dealerships with business […] [Read More]

When a customer comes on to a dealer’s lot looking for a new car, more often than not his or her top concern is finding the best deal possible. For some customers, leasing might fit better into their budget, while others may not settle for less than a flat out new-car purchase. Either way, TrueCar.com […] [Read More]