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This Month's Focus

Turbocharged Finance
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Latest two moves by US Bank have dealers & OEMs in mind
U.S. Bank made a pair of moves last week geared to boost its position in automotive with dealerships and OEMs. First, U.S. Bank said it is launching redesigned BMW, MINI and BMW Motorrad Mastercard credit card products that offer cardholders ... Read More
TransUnion and Bankrate collaborate to broaden credit offers  
TransUnion and Bankrate want to make it easier for millions of Americans to find personalized credit offers that meet their needs. On Wednesday, the companies announced they’re working even closer together to deliver smarter matching by combining Bankrate’s lender marketplace ... Read More
COMMENTARY: The LLM compliance paradox & separating conversational AI from quantitative underwriting
It’s hard to open a newspaper or read a tech article today without seeing at least some mention of large language models (LLMs) and their usage in just about any industry. The auto lending sector is no exception, with LLMs ... Read More
Ben Sporn of VIP Automotive Group Takes DIY Approach to AI
Ben Sporn is the chief marketing officer of VIP Automotive Group on Long Island, N.Y. , where he runs operations and artificial intelligence projects at his family’s 10-store dealer group. He also has a tech background, having worked for Google ... Listen Here
SPONSORED PODCAST: Securing the Vehicle Handoff with Secure Vehicle Transfer
In this episode of the Auto Remarketing Podcast, Bill Zadeits speaks with Lainey Sibble and Eric Schwartz from Central Dispatch about the newest technology impacting vehicle transport: Secure Vehicle Transfer. Learn more about this impactful technology and how it’s helping ... Listen Here
SPONSORED EPISODE: High-quality used inventory via the service drive with AutoHub’s Dan Gaughan
Some of the best used-car inventory a dealer could want is sitting right in their own service lane every day. In this special sponsored episode of the Auto Remarketing Podcast, AutoHub general manager Dan Gaughan took dealers through a proven ... Listen Here

Cox Cares rallies to support food banks

food
Auto Remarketing Canada Staff
Cox Automotive is expanding its Drive Away Hunger initiative in Canada. Under Cox Automotive Canada’s Cox Cares initiative, the company’s business units throughout Canada will team up with local food banks to raise money and food donations. In a program that started ... [Read More]

5 new features of Quantech’s Q-F&I Online

hands typing on keyboard
Auto Remarketing Canada Staff
Quantech — a privately held company and developer of dealer management tools — recently added enhanced menu features to Q-F&I Online. Quantech general manager Mike Martin said the completed modifications include the largest menu enhancement to Q-F&I Online since the ... [Read More]

New CarProof president brings ‘wealth of knowledge’

Shake
Auto Remarketing Canada Staff
Carfax on Friday announced that Mark Rousseau has joined the company as president of CarProof. Rousseau, who most recently was with LexisNexis, will oversee continued efforts to expand the scope of information reported to CarProof, to develop innovative products that ... [Read More]

Progress, record months push Canadian CPO

car sales
Joe Overby, Senior Editor
At least two brands notched best-ever certified pre-owned sales results in Canada last month, as the market continues to gain traction with several brands. Subaru reached an all-time high with 249 CPO sales in May, pushing its year-to-date total to ... [Read More]

How May wholesale prices trended

car lot
Joe Overby, Senior Editor
Canadian used-car prices in May were up an average of 0.5 percent from April, according to a report accompanying the latest ADESA Canada Used Vehicle Price Index, powered by ALG. Within the individual segments, monthly price movement varied greatly — ... [Read More]

Hyundai dealers offer ‘visits’ with Google Street View

Hyundai
Auto Remarketing Canada Staff
Hyundai has a new way for customers to take their online shopping experience to a new level, and it’s using a tool many have likely used before. Dealerships in Quebec and Alberta are offering customers a virtual tour of the ... [Read More]

Survey: Canadian auto dealers value collaboration with lenders

Survey
Auto Remarketing Canada Staff
Sellers of new cars in Canada report increased satisfaction with their finance companies, but one thing is clear: They want more from their lenders than just credit. According to J.D. Power’s 18th annual Canadian Automotive Dealer Financing Satisfaction Study, dealers ... [Read More]

Accu-Trade comes to Canada

Appraise
Auto Remarketing Canada Staff
R. Hollenshead Auto Sales announced it has launched vehicle valuation tool Accu-Trade in Canada, giving dealers a mobile platform to capture leads, increase customer trade-ins and generate appraisals. “Now, dealers have access to the same tool I use to buy ... [Read More]

Companies pledge support to wildfire-ravaged community

Wildfire
Sara Schweiger, Staff Writer
When DealerSocket’s Sam Rizek heard about the devastating wildfire in Fort McMurray, Alberta, early last month, he knew his company had to do something. So the director of sales and business development in Canada helped hatch a plan to donate ... [Read More]

Q1 average auto debt climbs 2.12%

another analyst picture
Auto Remarketing Canada Staff
While also pinpointing where delinquencies are climbing the fastest, TransUnion’s latest Canada Industry Insights Report found that the average Canadian’s auto loan debt climbed by 2.12 percent year-over-year during the first quarter. The Q1 figure came in at $19,538, up ... [Read More]

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