Though analysts offered no short-term good news in regards to Canadian leasing levels, movement in the new-car market could spell more off-lease vehicles in the future. That is, if OEMs are able to turn consumers away from long-term loans and point potential buyers toward leasing. New-car sales in Canada are soaring. Why is this important […] [Read More]

Acura Canada announced two recalls this week that affect more than 3,000 model-year 2014 units in Canada. First, Acura said it is recalling  3,074 MDX vehicles from the 2014 model year to inspect and, if needed, tighten or replace bolts used to secure the propeller shaft, a component of the all-wheel drive system. “During assembly, […] [Read More]

This week, America's Car-Mart opened the 127th dealership in its network of buy-here, pay-here stores. And it's nearly certain the vehicle in inventory will be equipped with a GPS device, a practice the company hesitated in doing until recently. Car-Mart president and chief executive officer William "Hank" Henderson explained the company's methodology during a conference call […] [Read More]

The first half of 2013 is now in the rearview mirror for the buy-here, pay-here industry, and it's time to look back. Many operators reported lower unit sales versus the same period last year. Two important questions are, "Why?" and "What can be done to improve unit sales during the remainder of the year?"  Experian […] [Read More]

Spireon, the provider of the GoldStar GPS solution as well as other mobile resource management and business intelligence tools, completed an initial phase of the integration with Frazer's Dealer Management System. The companies highlighted that joint customers of GoldStar GPS and Frazer can now experience online access to a single solution to execute critical commands. […] [Read More]

RANCHO SANTA MARGARITA, Calif. — Finance Express released its new WorkList feature for independent dealerships that use the provider's Web-based financial services technology. The company explained WorkLists — also known as queues — have typically been utilized by FEX buy-here, pay-here dealers to manage and collect due accounts.FEX enhanced and expanded the application of this […] [Read More]

Carfinco announced this week it has decided not to provide the highest purchase price in its bid to acquire new equity ownership of Western Funding Inc. and Global Track GPS LLC.   On Nov. 1, Carfinco had previously announced that it had become the "stalking horse bidder" and proposed plan sponsor for the companies, each […] [Read More]

The National Alliance of Buy-Here, Pay-Here Dealers is giving veteran operators as well as professionals who want to begin 2014 by learning more about the industry the chance to see all elements of a thriving operation in action. NABD's next BHPH Boot Camp is set for Jan. 11 and 12 in Monroe, N.C., just east […] [Read More]

Vehicle shipping is not a “deal-killer” in auto sales. Rather, as uShip’s Dean Xeros suggests, it can actually serve as a “deal-closer.” That’s the crux of how a relatively new product from the company called uShip PRO can help dealers turn vehicle transport into an opportunity. “Over the years, dealers have viewed shipping as more […] [Read More]

For the second week in a row, NADA is predicting that wholesale prices will see an uptick. Rates are expected to grow by 0.5 percent, or $75, versus the 2-week average. This mild movement is in line with recent end-of-year prediction from NADA that Auto Remarketing reported here. After October’s wholesale price tumble, the rate […] [Read More]