Dealerships in British Columbia that retail electric vehicles can enhance their pitch to potential buyers by mentioning the latest government investment to boost nearby infrastructure specific for those units. This week, Canada’s Minister of Natural Resources Seamus O’Regan announced a $380,000 investment to help the Corporation District of the Summerland build 22 electric vehicle (EV) […] [Read More]

On Wednesday, the Federal Open Market Committee (FOMC) at the Federal Reserve released minutes from its July policy meeting that indicated: “Participants agreed that the path of the economy would depend on the course of the virus, which was seen as highly uncertain.” According to just-released data from consumer intelligence firm Resonate, a leading provider […] [Read More]

Wholesale vehicle prices are on pace for a third straight month of record highs, according to a mid-month update of the Manheim Used Vehicle Value Index. After the first 15 days of August, the index was at 163.4, which is up 15.6% from mid-August 2019. The Manheim index finished July at a record high of […] [Read More]

Dealers are paying high-dollar to get the supply needed “to meet the surge in demand for used cars,” leading to a more than 16% rise in the average value trade-ins are fetching, according to Edmunds. And while they’re shelling out money to get used inventory, it may be the most efficient route for dealers to find […] [Read More]

Carvana recently made an array of upgrades to its imaging technology to promote the more than 15,000 vehicles it currently has in its online inventory. While the technology is meant to help the digital retailer move its late-model inventory, Carvana wanted to highlight the capabilities even more, so it is giving car enthusiasts the opportunity […] [Read More]

SubPrime Auto Finance News is collaborating with DRN again to orchestrate a free webinar to help finance companies and recovery professionals prepare for a potential surge in repossessions and other possible operational changes now happening because of COVID-19. DRN senior vice president business development and client services Stephen Nethery has a trio of takeaways he […] [Read More]

Reynolds and Reynolds is trying to help dealers find more potential vehicle buyers who might have the background they might need to secure financing needed to complete delivery. This week, Reynolds and Reynolds announced that its XtreamService data mining tool has been enhanced with the addition of a prescreen solution from 700Credit. With the addition, […] [Read More]

TurboPass is continuing to prove why it was among this year’s Emerging 8 honorees previously highlighted in Auto Fin Journal as one of the newest industry firms that aims to improve specific aspects of the automotive industry through technology. After already landing relationships with Automotive Credit Corp. and Turner Acceptance, this week TurboPass announced that […] [Read More]

Your children likely are completing their schoolwork online nowadays because of the coronavirus pandemic. And the National Automotive Finance Association wants to make sure underwriting and collections professionals maintain their compliance knowledge in much the same way. The NAF Association is pushing its compliance training for dealerships and finance companies online. The training that Hudson […] [Read More]

For the second time in less than a month, National Auto Care has grown its F&I business through an acquisition. According to a news release distributed on Tuesday, National Auto Care chief executive officer Tony Wanderon and Sharron Anania, the principal of Excel Auto Partners, announced that NAC has acquired the assets of Excel. Excel […] [Read More]