Earlier this week, IHS completed its acquisition of R.L. Polk & Co., including Carfax, through a deal first announced on June 9 and closed on Monday. IHS president and chief executive officer Scott Key reiterated this week that the combination of Polk with IHS Automotive is designed to create a comprehensive capability that will significantly […] [Read More]

The days of stick-on badges for auction bidders are numbered at Dealers Auto Auction of the Southwest. The company announced this week that beginning with its sale this coming Wednesday, DAASW.com will offer what it calls a “first in the nation bid number text service,” which eliminates bidder lines and uses mobile technology via smartphones […] [Read More]

NEW YORK — The auto loan portion of the latest S&P/Experian Consumer Credit Default Indices dropped to the lowest level ever recorded by S&P Dow Jones Indices and Experian. In June, analysts discovered auto loan defaults dropped to 1.00 percent, down from 1.04 percent, which was the level noticed both in May and in June […] [Read More]

DETROIT — Training dealers is nothing new to Ally Financial. That's been a huge part of the near century-long history at the company founded as General Motors Acceptance Corp. in the 1900s. But the format in which Ally teaches dealers has evolved greatly, with the latest offering coming this week. The company introduced the Performance […] [Read More]

GLENDALE, Wis. — Built on a family foundation of more than 80 years in the franchised dealership business, a Wisconsin-based finance company recently opened for business to serve independent buy-here, pay-here stores, starting with $25 million in availability with a goal of expanding the portfolio to more than $200 million   The parent company is […] [Read More]

FORT LAUDERDALE, Fla. — During the Q&A portion of AutoNation's quarterly conference call with investors on Thursday, the chairman and chief executive of the country's largest auto retailer went into great detail about his stance on indirect lending, giving some perspective on how the actions of the industry-shifter that is the Consumer Financial Protection Bureau […] [Read More]

Wholesale values in Canada rose slightly during June as used supply continues to be tight. According to the latest RVI Market Update, used-car prices were up 2.6 percent when compared to May. And prices in June were up a significant 7.3 percent from the same period last year. Leading the price gains were the smaller […] [Read More]

Honda Canada Inc. and the Ontario Honda Dealers Association took advantage of the recent Honda Indy Toronto, using the event to fundraise for Make-A-Wish Canada. This year, more than $57,000 was raised for the non-profit during this past race weekend. This marks the fourth straight year of Make-A-Wish fundraising efforts at the Honda Indy Toronto, […] [Read More]

According to June’s TradeTracker Used Vehicle Market Report, the Ford F150 is back on top as the No. 1 most appraised vehicle in Canada during June, after being ousted from the spot in May when the Mazda 3 topped the charts. These reports are provided monthly to Auto Remarketing Canada and are a result of […] [Read More]

This morning, Contact At Once is releasing a list of the 20 vehicles that shoppers have mentioned the most in their online chats with dealers this year. The leader of the pack? The Toyota Camry. The company’s semi-annual list of Most Chatted About Vehicles is based on 3.2 million chats hosted between consumers and dealerships […] [Read More]