AutoCanada recently revealed that its chief operating officer Kelly O’Connell has left the company, and that the COO position probably will not be filled. “The company appreciated Mr. O’Connell’s contribution and that Mr. O’Connell put in place a number of initiatives which will be of future benefit to the company, and we wish him well […] [Read More]

Though September used-vehicle sales for franchise and independent dealers are likely to climb modestly year-over-year, there will likely be a close to a 4-percent decline in overall used sales, according to CNW Research. Not to mention, projections for full-year 2010 aren’t as favorable as some initial expectations. Specifically, there will likely be 3.15 million used […] [Read More]

In a recent report discussing the certified pre-owned segment’s emergence as a viable option in the auto marketplace, MSN Autos revealed the top-10 best selling CPO models for the first half of 2010, and offered a bit of commentary on each vehicle. So which model topped the list? According to the report, the No. 1 […] [Read More]

The seasonally adjusted annualized rate for new-vehicle retail sales for September is likely to reach a more-than-two-year high — not counting August 2009, when sales were lifted by CARS — and it appears that shoppers were putting off purchases at the end of last month, thus leading to a “vigorous start” this month, according to J.D. Power […] [Read More]

Daimler AG revealed Thursday the company now sponsors an American Depositary Receipt program. Officials explained an ADR is a security created to permit U.S. investors to indirectly hold shares in non-U.S. companies and to trade them on securities markets in the United States.  Specifically, Daimler is sponsoring a Level 1 ADR program. Officials noted the […] [Read More]

Used-vehicle sales are expected to remain relatively static on a year-over-year basis for September, but fall double-digits from August, according to TrueCar.com. On the new-vehicle side of the market, though, sales look to be down 5 percent month-over-month (unadjusted). However, this decline is much slower than the usual August-to-September dip, something that TrueCar vice president […] [Read More]

Like some industry brethren, Hertz Corp. revealed its own commitment to action at this week’s annual meeting of the Clinton Global Initiative, which aims for better environmental protection. Hertz’s pledge stems around enhancing the availability of the next generation of electric vehicles to the general public through its rental and vehicle-sharing operations. The company and […] [Read More]

The compact car segment has shown significant growth in terms of online shopper interest over the spring and summer, but this hasn’t translated into higher sales, according to Jumpstart Automotive Group. The company suggested that this trend points to pent-up demand for compacts, meaning end-of-year sales could be strong for this segment.   More specifically, the […] [Read More]

The Federal Reserve rattled off several negative economy assessments Tuesday but decided to keep the federal funds interest rate at its current level.   The Federal Open Market Committee chose to maintain the target range for the federal funds rate at 0 to 0.25 percent. Officials noted that they continue to anticipate that economic conditions, […] [Read More]

Move over, fellas. When it comes to the under-30 crowd, the luxury market is seeing a greater number of female drivers than males, according to LeaseTrader.com.   In fact, more than half (about 51.2 percent) of females younger than 30 who use the site have a luxury ride. Five years ago, just 42.6 percent could […] [Read More]