Canadian new-vehicle sales climbed more than 6 percent in August and are up close to 7 percent on the year, leading analyst Dennis DesRosiers to call the month, “Great but not spectacular,” in his recent look at the market. Overall, there were 149,301 new units sold in Canada last month, according to data in the […] [Read More]

Thanks to a strong inventory situation and solid engagement from its dealer body, Volkswagen Canada celebrated a record in the certified pre-owned market last month. The company sold 1,342 CPO units in Canada, which was its strongest August on record and more than a 24-percent upswing from August 2011. Luigi Fiorino, manager of used-vehicle sales […] [Read More]

Auto Remarketing’s 2012 CPO Dealer of the Year presented by NCM Associates was officially announced this morning, and receiving this year’s honors is Longo Toyota. The El Monte, Calif., dealership is the third dealership to receive this award. Paragon Honda/Acura was named the inaugural CPO Dealer of the Year in 2010, and Karl Chevrolet claimed […] [Read More]

Much like the story told through July’s scarcity data, the AutoTrader.com analysis of last month's supply trends found that once again, full-size trucks continue to remain scarce. [Read More]

Kelley Blue Book Market Intelligence’s Quick Stats Poll for August uncovered results that aren’t favorable for a franchised dealer’s used-car department or an independent store. KBB said that many consumers now believe that foregoing a new-vehicle purchase and opting for a lightly used-newer model may not always be the wiser or thriftier purchase decision, as […] [Read More]

Consumers might take advantage of falling rates and get themselves into a new ride, as prices for both new and used units are sliding, according to Kelley Blue Book. And going against the normal trend, even as fuel prices spike, hitting above $4 per gallon in many parts of the country, the prices of used […] [Read More]

Modestly softer demand in recent months is not an indication that consumers are no longer hungry for used vehicles, according to NADA Used Car Guide. It's quite the contrary. In the latest Guidelines report, senior analyst Jonathan Banks says “numerous indicators suggest that consumer demand for used vehicles continues to grow, albeit at pace slower […] [Read More]

In light of an economic recovery that’s still modest, Kelley Blue Book insisted luxury vehicle values have been hit especially hard during the past several months as new- and used-model values have steadily declined. Seen as consistently underperforming their non-luxury counterparts, KBB calculated that values of used luxury vehicles dropped by 1.7 to 2.5 percent […] [Read More]

The annual ADESA Boston Classic Car and Motorcycle Run, now in its 12th year, will be held this Sunday, Sept. 16 in Massachusetts. The fundraising event has raised hundreds of thousands of dollars in charitable donations over the years, ADESA reports, and today boasts more than 200 motorcycles and 100 vintage vehicles in its 30-mile […] [Read More]

Renovo Services recently announced that it has successfully completed a SSAE 16 (Service Organization Control) 1 Type II audit, which examines the effectiveness of internal controls supporting Renovo Services' asset recovery and remarketing business. Company officials declared SSAE 16 is the new auditing standard developed a year ago by the American Institute of Certified Public […] [Read More]