Outstanding auto loan balances have reached a record high, Experian Automotive announced on Wednesday, their highest since the company began publicly reporting the data seven years ago. According to Experian’s latest State of the Automotive Finance Market report, outstanding balances on automotive loans reached $782.9 billion, up $103 billion from Q3 2012. In other positive […] [Read More]

CarProof announced this week it has received Deloitte’s Technology Fast 50 and Fast 500 awards for the third consecutive year. These awards recognize technological innovation, entrepreneurship and rapid growth in the Canadian technology sector. “We are humbled to again be named as one of Canada’s fastest growing companies and proud to be among this prestigious […] [Read More]

Thanks to a new licensing agreement, fleet management firm LeasePlan Corporation N.V., announced that it will expand its North American service offering to include Canada in January 2014.  LeasePlan and Canadian fleet management company Foss National Leasing Ltd. have entered into a licensing agreement whereby FNL will operate its newly-formed subsidiary, LeasePlan Canada, company officials […] [Read More]

Jeff Haynes, vice president and national remarketing manager at BBVA Compass, described what intrigues him about the repossession, recovery and remarketing industries. Haynes pointed to the rate at which technology continues to allow companies to become smarter and more efficient. Technology doesn't just interest Haynes; it’s what separated him from a group of qualified candidates […] [Read More]

As the SubPrime Forum winds down and the Re3 Conference ramps up today, a similar subject will fill the presentations of both Used Car Week events — the Consumer Financial Protection Bureau. Discussions about the CFPB will begin in earnest when a presentation featuring Jack Tracey, the executive director of the NAF Association and Alicia […] [Read More]

Contrary to previous reports, on Tuesday ADESA’s Tom Kontos shared that October average wholesale prices “partially reversed declines” seen in previous months. And the same day, NADA reported the largest used vehicle price drop since October 2011. First up, according to ADESA Analytical Services’ monthly analysis, auction prices in October averaged  $9,590, up 1.2 percent […] [Read More]

IntelliChoice announced the winners of the 15th annual IntelliChoice Certified Pre-Owned Car Awards. The awards were announced Tuesday at the Certified Pre-Owned Forum and National Remarketing Conference in San Diego, as part of 2013 Used Car Week. Taking home top honors in the 2014 CPO Car Awards were Volvo and Hyundai, both of which are […] [Read More]

Although three-quarters of shoppers say they use a laptop or desktop as their primary research device, consumers are still taking to their tablets and smartphones to complete auto shopping tasks. And it’s important to know how their usage differs from device to device. Jumpstart Automotive Group shed some light on these topics in a recent […] [Read More]

Salespeople are hardest to retain, women and Generation Y workers are on the rise, and F&I managers tend to have the highest income growth — these are just a few of the results of a new report aimed at helping dealers meet the challenges of recruiting and retaining top talent.   The National Automobile Dealers […] [Read More]

In an upcoming webinar from Carfax, experts will touch on how local SEO can be used to help boost your dealership’s search rankings. At the next installment of the Carfax “PowerUp” series Greg Gifford, director of search and social at AutoRevo, will discuss the importance of local SEO. During the free webinar — scheduled for […] [Read More]