Wholesale

CINCINNATI — Swapalease.com, a leading online lease transfer site, on Wednesday discussed not only how much activity increased last year but also the specific vehicles consumers sought most. Site officials indicated three times as many consumers used Swapalease.com to get out of a vehicle lease in 2009 as compared to the previous year. They went on […] [Read More]

HERNDON, Va. — No matter the football teams matching up in Super Bowl XLIV, Volkwagen will have a spot in the lineup during one of the most-watched television events of the year. VW plans to use the opportunity to roll out an extensive marketing campaign.  This will mark the first time in nine years the automaker […] [Read More]

OAKBROOK, Ill. — Dale Pollak, founder and chairman of vAuto, recently released his second book, Velocity 2.0: Paint, Pixels & Profitability, which offers dealers ROI-based management metrics and processes that they can use to boost the efficiency and profitability of their used-car operations. The new book continues from where his first book, Velocity: From the Front Line […] [Read More]

WASHINGTON, D.C. — Dealers who want to use Facebook as a way to push their inventory listings and more on the ever-growing Web site now have that opportunity thanks to an industry-first solution developed by GOSO, a Web and social media marketing suite. GOSO coordinated with a Minnesota dealership on an early version of this new application […] [Read More]

MISSISSAUGA, Ontario — Manheim Canada issued a nationwide stamp of approval for the Ontario Motor Vehicle Dealers Act this week, saying that it will support its auctions throughout the country complying with the regulations regardless of whether they are in the province or not. As such, Manheim Canada has amended its National Arbitration policy so that […] [Read More]

TORONTO, Ontario — RouteOne Canada recently announced that Mazda Canada has elected to use the RouteOne platform as the exclusive source for its dealers to access the automaker's retail financing programs. "Our partnership with RouteOne Canada strengthens our ability to manage our financing programs to deliver competitive incentives to our dealers and customers," shared Mike Collinson, […] [Read More]

TORONTO, Ontario — The Ontario Motor Vehicle Industry Council sent out a warning late last month notifying consumers of a dealership in the province that had its registration revoked for alleged deceptive practices. OMVIC said that it took away the registration of Prestige Toys Ltd., as of Dec. 14 for apparently misleading customers about the histories […] [Read More]

McLEAN, Va. — Wholesale values were pushed up every month last year, thanks largely to the fact that the number of used vehicles being pumped into the U.S. market in the last two years has shown a decrease in the neighborhood of 8 million units, according to AuctionNet data. Despite this plunge in used inventory, the […] [Read More]

TORRANCE, Calif. — Yearly certified pre-owned sales in 2009 were down almost 10 percent from 2008 — a year that saw several brands break full-year records as the industry's certified sales climbed 1 percent — but it wasn't all doom and gloom in the CPO market during the final month of the year. Despite the overall softening, some automakers […] [Read More]

SANTA MONICA, Calif. — Edmunds.com analysts found the percentage of new-vehicle sales in December that came from old model-year units was down significantly from the same period of 2008, and this greatly influenced incentives.  As a result, they discovered that the average incentive was $2,542 per vehicle sold in December 2009. That incentive was 6.7 percent lower or $167 less […] [Read More]