As credit loosens, confidence in the economy improves and gas prices climb, consumers are heading back to the lots, according to the sales forecast from Edmunds.com.  As these factors drive rising auto sales, analysts contend that after “delaying purchases” over the last couple of years, shoppers will “march” back to the lots, contributing to what […] [Read More]

More than 300 people have already signed up for the 2012 Auto Remarking Canada Conference presented by CarProof and dealers are looking to be well represented again this year, making up nearly half of registered attendees thus far. But for dealers and other used-car and remarketing industry professionals who haven’t registered for the event and […] [Read More]

The Used Car Dealers Association of Ontario notched a win in legal arena earlier this month when the Competition Tribunal denied a motion from the Insurance Bureau of Canada to rescind an Interim Supply Order that the two parties agreed to in October. This Interim Supply Order — which both parties green-lighted on Oct. 20 […] [Read More]

As many may remember, using a home-equity loan to make a new-vehicle purchase was a key method for acquiring a vehicle prior to the recession and the house-price collapse, according to CNW Research. But firm president Art Spinella says recent trends suggest that consumers are reverting back to home equity loans, especially among those who […] [Read More]

NADAguides revealed Tuesday it is offering a 15-day free trial of its new housing inventory valuation and portfolio management online application. Housing CONNECT provides banks, credit unions, finance companies, manufactured home retailers, community owners and more with access to 53 years of used value data, the company explained. So, how does it work? [Read More]

The Consumer Financial Protection Bureau recently revealed a proposed rule that would codify protections for privileged information submitted to the bureau by the financial institutions it regulates. Back in January, the CFPB advised the institutions it supervises that the submission of privileged information to the CFPB does not waive any applicable privilege with respect to […] [Read More]

Auto Auction Services Corp. (AutoIMS) recently released the results of a survey it conducted about floor pricing, including aggregate findings from more than 325 commercial vehicle consignor responses. Goals of the survey included assessing the preferences held and the challenges faced by the commercial consignor community as it relates to pricing vehicles for auction sale. Survey responses came […] [Read More]

With sales expected to reach above 30 million units this year, Pike Research contends electric bicycles now are the world’s best-selling electric vehicles. Analysts insisted rapidly accelerating urbanization, the increasing need for low-cost transportation in developing markets and expanding opportunities for new market entrants are all helping to drive e-bicycle sales.  Pike’s newest reports also […] [Read More]

With TrueCar.com predicting that the industry will end March with the highest rate of new-car sales in five years, its analysts also noted many foreign OEMs are looking to notch their highest unit sales ever in the U.S. as this month comes to an end. And though inventory remains tight, used sales are enjoying a […] [Read More]

AutoNation recently revealed its board of directors authorized the repurchase of up to an additional $250 million of the company’s common stock.  Prior to the increased authorization, AutoNation determined it had utilized substantially all of the amounts previously authorized by its board of directors under its share repurchase program.  AutoNation tabulated that it has approximately […] [Read More]