This holiday season, Honda Canada and Ontario Honda dealers gathered more than 3,000 toys for needy children. The toy drive is in support of the 47th annual CP24 CHUM Christmas Wish, a nonprofit dedicated to helping children in need during the holidays. The toy drive began on Nov. 18 and involved the participation of 77 […] [Read More]

Edmunds.com recently shed some light on which used cars have been the hottest for franchised dealers.   The site found that the fastest-selling 1- to 5-year-old vehicle for franchised dealers in November was the Lexus RX 400h; and when taking all age vehicles under consideration, the fastest seller was the Suzuki Grand Vitara. Specifically, the […] [Read More]

CarMax saw record results for its fiscal third quarter of 2014, with total used unit sales rising by 15 percent. And that was one of many double-digit increases the company reported. The company also enjoyed a 10-percent rise in used unit sales in comparable stores over the year-ago period. This spike was due in part […] [Read More]

RedBumper has announced that it will be launching a new-car inventory management system at the National Automobile Dealers Association Convention in New Orleans. New Car IQ  is designed to offer both individual dealers and dealer groups a comprehensive set of inventory management analysts for the new-car side of the business, and serve as an as […] [Read More]

After used-car prices rose dangerously close to new-car price tags after the recession, pre-owned prices have started to ease this year. And Cars.com reported Thursday that December late-model used-car prices hit a new low for 2013. Rates have fallen $117 from November to rest at an average of $21,952, the site reported on its Kicking […] [Read More]

Advertising and marketing is what drives a significant portion of brand popularity and sales in the automotive industry. And automakers are getting more and more creative. As 2014 approaches, Auto Remarketing talked with experts from Phoenix Automotive to pick out some of the overarching marketing themes this year and which ones really hit home. Top-of-mind […] [Read More]

Acura Canada announced two recalls this week that affect more than 3,000 model-year 2014 units in Canada. First, Acura said it is recalling  3,074 MDX vehicles from the 2014 model year to inspect and, if needed, tighten or replace bolts used to secure the propeller shaft, a component of the all-wheel drive system. “During assembly, […] [Read More]

As many consider the holidays to be a time for family, it stands to reason that this topic would resonate in ads, as well, around this time of year. In keeping with the season, the experts at Phoenix Automotive had some commentary to share on the plethora of holiday season commercials that have hit the […] [Read More]

BMW of North America informed the National Highway Traffic Safety Administration the automaker is recalling 76,565 vehicles to correct a seat issue that might make the airbag malfunction. Included in the campaign are: —2006: 325i, 325xi, 330i, 330xi sedans and 325xi sports wagons —2007: 328i, 328xi, 335i, 335xi sedans and 328i and 328xi sports wagons […] [Read More]

Along with updating store principals about important tax benefits that expire at the end of the year, the National Automobile Dealers Association named a new chief economist on Tuesday. Taking on the role is Steven Szakaly, who arrives with more than 10 years of forecasting and industry analysis experience to NADA. Previously, Szakaly led economic […] [Read More]