Text messaging: a tool to finalize plans, say a quick hello, or locate your teenager, among various other daily tasks. But buying a car using this quick form of communication still seems a bit far fetched. That said, data from Swapalease.com released Tuesday tells a very different story. The company contends that text messaging may […] [Read More]

Days’ supply of used vehicles appears to be on the verge of declining sequentially for the fourth straight month, according to CNW Research. And if it falls any further, used prices may see “significant” hikes across the board, the firm said. CNW estimated July’s days’ supply of used units to be at 46.02. That’s down […] [Read More]

We’re at the end of our Gen X and Y series, and we’ve covered a lot of ground: from the new younger-consumer shopping process to the ways you can gain an online advantage. So what happens when Gen X and Y consumers see your wonderful MARK-driven online listing and wind up on your lot? You […] [Read More]

NextGear Capital announced a new vice president of operations and business development on Tuesday. Named to the role was Peter Grupposo, who will head up the company’s market portfolio strategies and field operational structure. He will be based at corporate headquarters in Carmel, Ind. Grupposo’s most recent post was as a regional director for NextGear […] [Read More]

Dealers using Android devices may take note of the launch of VinSolutions’ mobile CRM application VinMobile for Android, announced this week, as a way to stay connected to customers. VinMobile for Android supports all of the same features that are supported by iPhone and iPad devices, the company said, and follows the January 2013 release […] [Read More]

On Credit Group recently announced its dealer wholesale program has expanded to reach across Canada. In support of its national presence, the company hired a new vice president of Inventory on Credit. Tapped for the position is Rick Wilson, who is a 25-year veteran of the automotive industry, with specific experience in the inventory finance […] [Read More]

AutoCanada Inc. announced this week it has obtained approval from Chrysler Canada to purchase the operating assets and real estate of Eastern Chrysler Plymouth Inc., which owns and operates a Chrysler Dodge Jeep Ram dealership in Winnipeg, Manitoba. The 66-year-old dealership, now part of the AutoCanada dealership group, retailed 660 new vehicles last year and […] [Read More]

With what has become a slow economic recovery for Canada as many consumers continue to suffer financial setbacks, the buy-here, pay-here automotive market is experiencing a resurgence of sorts.   Mark Dubois, director and moderator of Buy Here Pay Here Performance Groups at Performance Inc., told Auto Remarketing Canada that this increased interest in BHPH sales is […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 CHICAGO — A new TransUnion study reinforced an intuitive belief risk management departments at vehicle finance companies might already have had: Consumers with the ability to pay larger amounts than the minimum payment due on their credit cards had significantly lower delinquency rates on not only […] [Read More]

FORT LAUDERDALE, Fla. — Earlier this week, AFS Acceptance, a full-service auto finance company serving the subprime financing needs of franchised and independent dealers, secured $20 million in subordinate debt to support expansion of its business. The company highlighted the injection of liquidity supports AFS' initiatives to provide robust products and services for both franchise […] [Read More]