This week, Protective Asset Protection, a leading provider of F&I programs, services and dealer owned warranty company programs, released of its third F&I Industry Report. The project offered an in-depth look at four crucial topics, including: —Trends and insights shaping F&I products —How auto dealerships are using F&I products —Outlook of F&I products used by […] [Read More]

In this episode of the Auto Remarketing Podcast, Selly Automotive founder and CEO Zach Klempf returns to the show to talk about the origins of his company — which he founded at age 23 — why he decided to focus on the independent auto dealer software space and his company's recent merger with AutoManager DMS. […] [Read More]

Complications involving leased vehicles landed GM Financial into actions taken by the Department of Justice. On Wednesday, the Justice Department announced that GM Financial has agreed to pay more than $3.5 million to resolve allegations that the captive violated the Servicemembers Civil Relief Act (SCRA) by illegally repossessing 71 servicemembers’ vehicles and by improperly denying […] [Read More]

J.D. Power has launched its J.D. Power Dealer of Excellence Program in Canada, and sweeping the inaugural list of honorees is the Dilawri Group, whose Markham Honda, Dixie Mazda, Acura North Toronto, Volkswagen de Sources and Audi Queensway stores were recognized. The program has been in the U.S. since 2016. It is designed to spotlight […] [Read More]

Online car shopping and delivery platform Canada Drives said Thursday it has closed another $10 million (CAD) in equity funding from existing strategic investors. This follows a $40 million funding round in June from goeasy Ltd. Canada Drives, which has expanded from British Columbia to Ontario, Alberta and Saskatchewan since launching its platform in 2020, […] [Read More]

As many dealers are aware, the Federal Trade Commission (FTC) recently issued new requirements to its Safeguards Rule that take effect Dec. 9. The rule requires auto dealerships with more than 5,000 customer records in their database to develop, implement and maintain an information security program to protect customer information. To help with compliance, many […] [Read More]

As the economy loses steam, bankruptcy filings are gaining momentum. According to data released this week from Epiq’s Bankruptcy Analytics platform, year-over-year U.S. bankruptcy filings increased 7% across all chapters for the second consecutive month in September. Epiq reported that there were … [Read More]

In each month of the third quarter, wholesale used-vehicle prices fell sequentially. That’s according to data and analysis around the latest Black Book Used Vehicle Retention Index, which dropped 4.1% in September, the third straight month-over-month decline. Still, the index, which came in at 176.5 for the month, was … [Read More]

Work Truck Solutions has named a new CEO: Aaron Johnson. With this move, which is effective immediately, Kathryn Schifferle will transition from the role of CEO to that of chief vision officer. “Just a few years ago, we were very fortunate to bring on board one of our earliest advisors, Aaron Johnson, and he met […] [Read More]

Electric vehicles. They’ve dominated discussions in the auto industry as of late, and they are likely posted for growth in coming years. EV and all the moving parts they entail (charging infrastructure, battery health, range calculation, etc.) have been brought to the forefront, as the energy industry turns away from fossil fuels toward cleaner energy […] [Read More]