Wholesale vehicle price declines in Canada eased a bit last week, dropping by an average of 0.39%, following a 0.55% decline the prior week, according to the latest analysis from Canadian Black Book. The CBB report shows car prices dropping by 0.55%, while the truck/SUV segment prices decreased by 0.24%. The trend since the year […] [Read More]

Continuing efforts to combat rising vehicle theft rates, the government of Canada is investing $15 million to support law enforcement agencies fighting the growing crime rates. Members of the government, including Dominic LeBlanc, Minister of Public Safety, democratic institutions and intergovernmental affairs, as well as reps from the Montreal Police Service gathered last week to […] [Read More]

The vast majority of car buyers say the dealership experience affected their decision to buy and made them feel confident in their choice, according to a survey by experience agency ChangeUp. The company’s report, “Why the Dealership Experience Still Matters,” showed 84% of the more than 1,200 recent car purchasers surveyed agreed that their dealership […] [Read More]

Next up on our series of Auto Remarketing Podcast episodes from NADA Show 2024 earlier this month in Las Vegas is a conversation with Derek Hansen, vice president of operations, inventory and management solutions at Cox Automotive. Listen to full conversation in the window below and stay tuned for more from NADA Show 2024. [Read More]

Getaround began the month by announcing an immediate workforce reduction that impacted approximately 30% of the company’s North American staff. Now, the connected carsharing marketplace is closing the month by naming a new CEO, among other leadership changes. In a move announced Wednesday and effective immediately, Getaround said its board of directors has appointed former […] [Read More]

Electric vehicle manufacturer Fisker continues building its new dealer network with the addition of two dealer partners set to open three locations in the U.S. The new dealers are Bul Auto Sales, which plans to open Fisker Albany (N.Y.) and Fisker Jacksonville (Fla.), and Karma Indy, which will open Fisker Indianapolis. The company has now […] [Read More]

Used-car retailing giant CarMax has ramped up its efforts to promote women’s sports, teaming with reigning National Women’s Soccer League champion Gotham FC as the club’s marquee partner and official automotive retailer. The new multi-year agreement includes the CarMax logo on the front of the team’s jerseys. “CarMax is proud to build on our partnership […] [Read More]

Since its founding in 2006, iLending said it has facilitated $3.6 billion in refinanced auto financing. But the past 18 months have been challenging for iLending and other institutions that might offer refinancing. However, based on the expectation that the Federal Reserve could trim interest rates later this year, iLending is upbeat about its future. […] [Read More]

A move by a captive in the powersports sector appears similar to what many finance companies might already do with cars and trucks. On Tuesday, Harley-Davidson Financial Services launched a program the company said is like a lease. The captive said Harley-Davidson Flex Financing combines the benefits of attractive monthly payments, shorter terms and greater […] [Read More]

The Consumer Financial Protection Bureau wants more data from finance companies as an extension of its project started a year ago focused on the number of vehicles repossessed and contract modifications. According to a post recently published in the Federal Register, the CFPB is seeking comments about its proposal to collect a set of data […] [Read More]