With automakers in Canada upping incentives and enticing shoppers to come out and make that car purchase, auto borrower debt in the country jumped close to 7 percent year-over-year during the third quarter, while auto delinquencies still remained rather low, TransUnion’s Tom Higgins explained to Auto Remarketing on Thursday. More specifically, third-quarter auto borrower debt — […] [Read More]

Although there has been a strong bounce-back in the Canadian economy, the country hasn’t seen that same kind of growth in consumer confidence. What’s more, conditions outside of Canada have proven to be “worrisome.” Bearing all this in mind, ALG Canada trimmed residual values moderately for its current November/December 2011 edition. ALG Canada started out […] [Read More]

Ontario was still the leader in Canada and the U.S. for vehicle production at the end of October, but that is in danger of changing, according to DesRosiers Automotive Consultants. The current No. 2 jurisdiction, Michigan, has significantly closed the gap on Ontario when it comes to year-to-date production and could take the lead. If […] [Read More]

Although the used-car industry has been inundated with inventory sourcing technologies and alternative methods to find vehicles, an overwhelming portion of the nation’s top dealers focusing on the late-model market say they still turn to the physical auction to shore up used-supply needs. In fact, 85 percent of the Pre-Owned Automobile Dealers Alliance members said […] [Read More]

Efforts by automakers and franchised dealers to improve buyers’ satisfaction with the new-vehicle sales process is paying dividends based on the results of the J.D. Power and Associates 2011 U.S. Sales Satisfaction Index Study. The SSI Study released on Thursday showed consumer satisfaction improved notably from 2010. Among buyers, analysts explained satisfaction is examined across […] [Read More]

DrivingSales announced Thursday it has acquired training and research business Revenue Guru. As part of the deal, Revenue Guru’s founder will be joining DrivingSales to lead and develop its research and data division. The company stressed that Dennis Galbraith brings more than 11 years of automotive digital marketing experience to the company, including time running the automotive […] [Read More]

According to the Federal Reserve’s latest Beige Book, vehicle sales increased in a number of districts. Officials revealed Wednesday that gains in auto sales were reported in Philadelphia, Cleveland, Richmond, Atlanta, St. Louis and Minneapolis. They indicated Chicago also reported gains in sales during October, but noted the pace of sales slowed in November and that […] [Read More]

Neither income growth nor rising revenue triggered investment analysts’ interest when Copart revealed its performance for the first quarter of its 2012 fiscal year. Seeing Copart’s cash on hand reading jump by more than $130 million is what turned Wall Street observers’ heads. So is Copart planning to buy more than just its own stock […] [Read More]

December hasn’t traditionally been known as the year’s best month for new-vehicle sales, but based on the past two years — and the expected results for this December — there may be a “new normal” when it comes to the final month of the year. In fact, it’s highly possible this month could be the […] [Read More]

Inventory management and marketing solutions company Liquid Motors has chosen a former DealerTrack executive as its new vice president of business development. Tapped for the position is John Fitzgerald, who brings more than 15 years of sales experience in the automotive industry to the company. [Read More]