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After regulators again talk ‘junk fees,’ Ignite suggests getting ‘your house in order’
Friday, Oct. 20, 2023, 10:14 AM
SubPrime Auto Finance News Staff
Ignite Consulting Partners reiterated some best practices this week since the Consumer Financial Protection Bureau and the Federal Trade Commission intensified their campaign of weeding out what they deem to be “junk fees.” Firm experts cautioned that ignoring what regulators are doing on their matter could result in more than just CFPB or FTC officials […] [Read More]
Hyundai adds complimentary SiriusXM subscription to dealership service center offering
Thursday, Oct. 19, 2023, 03:21 PM
Auto Remarketing Staff
Now that completed oil change can come with 90s on 9 or audio broadcasts of the NBA. On Wednesday, SiriusXM and Hyundai Motor America announced an extension of SiriusXM’s Service Lane program that enables Hyundai’s dealership service centers to reward eligible customers with a complimentary three-month SiriusXM subscription during their service visit. According to a […] [Read More]
UVeye partners with Amazon to automate delivery vehicle inspections with AI
Thursday, Oct. 19, 2023, 02:48 PM
Auto Remarketing Staff
Amazon is getting on board with artificial intelligence vehicle inspections. UVeye announced a partnership with Amazon to deploy its fully automated vehicle inspection (AVI) system in Amazon’s delivery stations in the U.S., Canada, Germany and the U.K. The AI-powered system automates most of the daily inspection process of delivery vehicles, UVeye said, scanning the vehicles […] [Read More]
AAA Savannah joins local dealers to raise $3,500 for Komen Foundation
Thursday, Oct. 19, 2023, 02:47 PM
Auto Remarketing Staff
America’s Auto Auction Savannah collaborated with area auto dealers to raise $3,500 for the Susan G. Komen Foundation on Oct. 4. The donation from Vaden Automotive Group, HWY 17 Auto Sales, Hilton Head BMW, Grainger Honda, Hilton Head Honda, The Car Lot of East Dublin, Jarrard Auto Sales and Augusta Mitsubishi, among others, will help […] [Read More]
Used-vehicle sales, especially CPO, show year-over-year improvements
Thursday, Oct. 19, 2023, 10:56 AM
Joe Overby, Senior Editor
Though used-vehicle sales last month softened from August, they beat year-ago figures. However, there remains some headwinds that should be watched, says Cox Automotive in a Data Point report Monday.
The biggest bright spot in the used-car market remains ... [Read More]
KPA acquires ComplyNet with eyes on all-in-one dealership compliance solution
Thursday, Oct. 19, 2023, 10:21 AM
SubPrime Auto Finance News Staff
Automotive industry M&A activity continued on Wednesday with an announcement indicating KPA has acquired ComplyNet. KPA, a provider of environmental health, and safety (EHS) as well as F&I solutions, explained why it made this move to acquire ComplyNet which provides end-to-end compliance software, encompassing privacy and safeguards (P&S), EHS and sales F&I and advertising guidance […] [Read More]
Canada, Ontario governments move forward with plans for EV battery plant
Thursday, Oct. 19, 2023, 09:54 AM
Auto Remarketing Canada Staff
Canada and Ontario governments are working in partnership with Umicore Rechargeable Battery Materials Canada to welcome a new manufacturing plant to the Loyalist Township capable of producing components crucial to electric vehicle battery production. To be made at the plant are cathode active materials (CAM) and precursor cathode active materials (pCAM). These are two of […] [Read More]
Survey shows Canadians may need more education around EV ownership
Thursday, Oct. 19, 2023, 09:25 AM
Auto Remarketing Canada Staff
Despite innovation in the electric vehicle market, Canada’s electrical infrastructure still has a long way to go before it can support a majority of EVs on the road. And there might be another element holding back EV growth here, as well, according to a new survey. Findings from a 2023 Ipsos Canada survey commissioned by […] [Read More]
CBB gauges movement in last week’s wholesale vehicle prices
Wednesday, Oct. 18, 2023, 03:41 PM
Auto Remarketing Canada Staff
Used-vehicle prices in Canada’s auction lanes fell by almost a quarter percent last week, with the car and truck valuation movement more in balance than prior weeks. Overall wholesale prices fell by an average of 0.22%, according to Canadian Black Book data. Cars saw a drop of 0.15%, while trucks and SUV prices dropped by […] [Read More]
Reynolds and Reynolds scholarships are ‘direct investment’ in industry’s future
Wednesday, Oct. 18, 2023, 02:51 PM
Auto Remarketing Staff
Reynolds and Reynolds is investing in the future of the auto industry through education. The dealership software provider has committed to provide financial help for students at Northwood University and Sinclair Community College who are pursuing automotive careers. The company announced it is funding $375,000 in scholarships over the next three years for students at […] [Read More]
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