Strong model availability. Incentives offered. Long powertrain warranty. Good bumper-to-bumper coverage and additional ownership perks. After evaluating all of the available certified offerings on the market based on those factors, Autotrader editors have picked the best non-luxury and luxury certified pre-owned programs for 2020. Autotrader selected Hyundai as the top pick for the non-luxury CPO program and named […] [Read More]

Close to three-fifths of Canadian shoppers surveyed by CarGurus last month plan on buying a vehicle this year, with 41% saying they had intended to, but are now putting off that purchase. The survey, which was conducted among 500 Canadians, delved into car-shopping sentiments amid the pandemic, was released May 1 and included some findings […] [Read More]

The National Automobile Dealers Association, the American International Automobile Dealers Association and the Auto Care Association were among the more than 200 diverse trade associations and other groups calling for Congress to provide temporary and targeted liability relief legislation through an initiative pushed by the U.S. Chamber of Commerce. The U.S. Chamber of Commerce asked […] [Read More]

Axis Auto Finance provided a wide-ranging shareholder update this week, including that the subprime automotive finance company closed on a $6.25 million term loan with a Schedule 1 bank. From the onset of the pandemic and the government-mandated measures to combat the spread of the coronavirus, Axis said it has supported borrowers through payment accommodations […] [Read More]

Economic impacts related to the COVID-19 pandemic forced CarHop to diminish its dealership footprint. The chain of buy-here, pay-here dealerships recently announced the closure of its two Pennsylvania locations in Carnegie and Pittsburgh. CarHop, which has offered special financing through its network of dealerships since 1996, pointed out its customers still can find service or […] [Read More]

One of the primary capital providers for buy-here, pay-here dealers not only called off a merger agreement with another bank in the Lone Star State, the institution also announced a significant change in leadership. Texas Capital Bancshares, the parent company of Texas Capital Bank, on Tuesday announced that Texas Capital Bancshares and Independent Bank Group, […] [Read More]

Discrimination allegations from the Federal Trade Commission against a New York City dealer resulted in a $1.5 million settlement. The FTC announced this week that Bronx Honda and general manager Carlo Fittanto will pay $1.5 million to settle charges they discriminated against African-American and Hispanic vehicle buyers and engaged in numerous other illegal business practices. […] [Read More]

Safe-Guard Products International LLC has named Mary Buhr as director of account management and business development for Safe-Guard Canada. Safe-Guard Products International is a provider of third-party private label protection products for the automotive, RV, marine and powersports industries, and Safe-Guard president David Pryor said Buhr’s “multi-faceted, deep experience within the automotive world” will be […] [Read More]

Black Book’s analyst team might not have rested much during the Memorial Day weekend, judging by the robust information contained in its newest COVID-19 Market Update released on Wednesday morning. From discussing how the Hertz bankruptcy might impact wholesale volume to a quartet of insights from dealers to the latest price movements. Black Book covered […] [Read More]

Compliance expert Randy Henrick, formerly of Dealertrack and now with Ignite Consulting Partners, offered insight about potential dealership advertising pitfalls during the COVID-19 pandemic during this episode of the Auto Remarketing Podcast. Henrick also touched on a few of the compliance differences that can come into play when a vehicle is delivered somewhere else other […] [Read More]