On September 16, Carfinco Financial Group Inc. announced that Banco Santander and its wholly-owned Canadian subsidiary, Acquireco, had reached an agreement to acquire the non-prime vehicle financing firm. Pursuant to the agreement, each Carfinco shareholder will receive cash consideration of …
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On August 16, more than one million people and over 40,000 classic and special interest cars took part in the 20th annual Woodward Dream Cruise. Celebrating Detroit’s love of the automobile, the cruise takes in a 16-mile (27 km) stretch …
CarProof, recognized as Canada’s most trusted vehicle history report provider today announced the launch of CarProof RECON, a groundbreaking new reconditioning tool, free to CarProof Dealer Members. CarProof RECON was designed as an easy-to-use mobile, tablet and desktop tool for …
April is a time when many Canadians really look forward to spring and often that next vehicle purchase. And for the Edmonton Motor Show, hosted by the Edmonton Motor Dealer Association (EMDA), choosing April has proved to be a good …
It was unseasonably chilly and damp in New Orleans, as the 2014 NADA Convention and Expo got underway but the show floor was bustling, almost the second the doors opened. The convention is the largest annual event of its kind …
CAR SHOW SEASON KICKS OFF IN MONTREAL Amid fairly mild temperatures — enough to lift the spirits of most during the middle of winter, the 46th annual Montreal International Auto Show (MIAS) began with a press preview on January 16, …
A rapidly changing job market, not to mention laws and processes can make it very difficult for dealers to find and hire the right people. Given how busy many dealers are with running their operations, finding a qualified third-party that …
OUR NEW COLUMNIST ALAN BIRD PRESENTS US WITH SOME SURPRISING INFORMATION WHEN IT COMES TO THOSE CONSUMERS WHO ARE REALLY SHOPPING FOR VEHICLES ONLINE We all like to think we know who our customers are. After all, we’re smart people; …
A slick new desktop and mobile application to help connect used car buyers and sellers was unveiled today at the New Car Dealers Association of B.C.’s annual conference in Whistler, B.C. The website www.rides.ca officially launches September 30, 2013 and …
Scotiabank recently announced that John Hiscock had beenappointed to the role of vice-president, Finance & Indirect Lending. In his new position, Hiscock will be responsible for the overall strategic direction of Scotiabank’s automotive finance business, implementing strategies to grow revenue, …
IN THE SECOND PART OF HIS ANALYSIS AT HOW F&I PAY PLANS CAN NEGATIVELY IMPACT THE BUSINESS OFFICE, CHRIS SCHULTHIES FOCUSES ON THREE MORE ASPECTS THAT SHOULD BE ANALYSED. In the last issue, we laid out five criteria dealerships need …
