While the auto finance default rate has ticked up during 11 of the past 12 months, none of those month-over-month increases have been more than 6 basis points. The latest rise according to the S&P/Experian Consumer Credit Default Indices came in below that level, as data through July compiled by S&P Dow Jones Indices and […] [Read More]

AutoVerify announced Tuesday it has acquired iDealerPlus, a dealer-facing software platform that aims to match consumers to a specific vehicle in a dealer’s inventory based on their credit profile and the dealer’s profitability guidelines. “By integrating iDealerPlus into the AutoVerify product mix, we can help dealers eliminate friction in sales and finance by aligning vehicle […] [Read More]

AutoCanada said Monday it has purchased Markham, Ontario-based Velocity Autobody, which is a Tesla-certified, I-CAR Gold Class collision center. This is the seventh collision center AutoCanada has acquired since the fourth quarter of 2020, said executive chairman Paul Antony, who said the group continues to expand its presence in the space. “We remain focused on […] [Read More]

IAA said Monday that its non-branded repairable vehicles in Canada now include vehicle history reports from CARFAX Canada. Buyers will be able to see any available report, with no limits, and won’t have to pay for the report until they purchase the car. Reports are available for 180 days. During that time, buyers can view, […] [Read More]

A dealership group in North Carolina’s Research Triangle region is turning to local car enthusiasts to help with one of the most pressing needs facing auto retailers today: finding employees, especially automotive technicians. Another in the western half of N.C. is moving to state’s biggest city and bringing more jobs along the way. Starting with […] [Read More]

NuVinAir is looking to make inroads within the rental car market with its newest product. The company that offers a suite of patented and proprietary products that safely can create healthy vehicle interiors, last week announced the upcoming launch of NuVinAir ReTurn, a product designed so rental car companies can more effectively preserve their fleet […] [Read More]

Autosled wants to make sure that truckload of vehicles set to be in your inventory makes its way to your dealership via the most efficient route possible. On Monday, the automotive digital retail logistics marketplace announced that it has released turn by turn GPS navigation for its mobile transporter application. The company explained the latest […] [Read More]

An independent dealership expert is gaining steam with his new consulting firm launched earlier this year. SmartGroups, which launched early this year by dealer educator Justin Osburn, already has multiple groups in place for small stores and for the nation’s largest independent dealers. The latest group, known as Poseidon, will hold its first meeting Oct. […] [Read More]

Principal Warranty Corp. recently added a new dealership client that knows luxury well. Now leveraging the provider’s products is Fletcher Jones, which has dealerships in California, Nevada, Hawaii and Illinois and is one of the national sales leaders among Audi and Mercedes-Benz retailers. “We looked at a number of different companies to partner with when […] [Read More]

What Kroll Bond Rating Agency (KBRA) has been discussing for much of the year continues to come to fruition. Analysts said July remittance reports showed a second straight month of deteriorating credit performance and declining recovery rates across securitized prime and non-prime auto finance pools. According to its latest update, annualized net losses in [Read More]