Along with being listed among the Alberta Venture 250 for the first time, Carfinco Financial Group revealed this week that it is setting a record pace for loan originations during the first two months of the third quarter. Carfinco indicated its loan originations in July totaled $13.0 million, and the company said August was a […] [Read More]

According to a recent online survey from J.D. Power and Associates,  Canadian shoppers in the market for a new ride expect to go through four steps during the purchase-process and apparently, they have a very definitive timeframe in mind for each dealership interaction. And 15 minutes might be the magic ticket. [Read More]

Gas prices are still rising, but you wouldn’t know if judging by action in the lanes. Though overall wholesale segment price movement is expected to flow in the downward direction over the course of the current week, NADA Used Car Guide reported that large pickups and midsize vans  are positioned to increase by  $125 and […] [Read More]

Summer began its descent with a banner month for certified pre-owned sales. It was the strongest August ever for the CPO market, according to Autodata Corp., and a quartet of brands posted their best-ever certified figures. Specifically, there were 160,206 CPO sales during the month, which marked a 9.6-percent year-over-year increase and a 6.1-percent jump […] [Read More]

According to a new study, the average car dealership could generate an extra $106,000 each year in profit, by improving the customer experience. Maritz Research this week released the results of its Automotive Customer Experience Payback Study, which measures the financial returns of a positive car-buying experience. The study found that said the average dealership […] [Read More]

As evidenced by the August new-vehicle sales performance at AutoNation stores, import badges helped in pushing the highest sales level in five years. In fact, the American International Automobile Dealers Association highlighted that foreign brands accounted for 54.7 percent of all vehicles sold in the United States last month — the highest since 2007. Furthermore, […] [Read More]

CarWoo and DealerTrack revealed Wednesday that they are partnering to deliver payment calculation and credit application capabilities directly to CarWoo users. DealerTrack’s PaymentDriver and FinanceDriver tools will now be directly integrated into the site’s marketplace and its new Dealer Premium offering, officials noted. [Read More]

Football season is now fully under way, following Wednesday night’s NFL season opener coming after the college campaign kicked off during the holiday weekend. And in the midst of this pigskin hoopla, Cars.com announced its list of the top vehicles for the 2012 tailgating season. The top tailgating car of the season according to Cars.com […] [Read More]

Last month was the strongest August ever for the certified pre-owned market, according to Autodata Corp., and a quartet of brands posted their best-ever CPO sales. The firm said this morning that there were 160,206 CPO sales during the month, which marked a 9.6-percent year-over-year increase and a 6.1-percent jump from July. Through eight months, […] [Read More]

As dealers wrapped up what seems to be a successful Labor Day weekend for sales, Ricky Beggs, managing editor at Black Book, noted it may be time for some buyers to venture into the lanes to fill their lots back up after holding special holiday deals. [Read More]