IRVINE, Calif. — According to Kelley Blue Book's director of vehicle valuation, vehicles that directly compete with the models impacted by Toyota's recall and sales stoppage could benefit from the automaker's troubles. Juan Flores said that some consumers who previously considered buying a Toyota may instead look to competitors. If this occurs, these competing vehicles could […] [Read More]

CARY, N.C. — Dealers in Orlando and Tampa are gearing up to be a part of the Pre-Owned Road Shows, free events that will provide dealers with the latest information, tools and skills for selling more pre-owned units and profiting more in their pre-owned operations.  These special training events, sponsored by the Pre-Owned Auto Dealers Alliance, […] [Read More]

TORONTO, Ontario — DealerTrack Canada reported earlier this week that it has purchased Trade Tracker — which provides Canadian dealers with systematic online process for appraising vehicles — for $1.2 million (CAD). Trade Tracker's online approval tool is used by roughly 300 Canadian dealers and is designed to help them more efficiently and accurately review, appraise and track […] [Read More]

TORONTO, Ontario — In another crackdown by Ontario authorities on curbsiding, Eric Stiles was given a one-year prison sentence and his company was fined $375,000. This decision came after he plead guilty to 30 counts of trading in a vehicle without the benefit of registration, the Ontario Motor Vehicle Industry Council announced. OMVIC explained that because Stiles' […] [Read More]

DEARBORN, Mich. — Ford Credit Canada Limited gained immediately available proceeds of $28 million (CAD) this week after completing a sale of subordinate notes, which were sponsored by Ford Credit Canada Limited, Ford Auto Securitization Trust (FAST). They are backed by a pool of retained conditional sale contracts from Ford Credit Canada, which bought these notes […] [Read More]

OVERLAND PARK, Kan. — NCM Associates today officially launches its NCM Institute Center for Automotive Retail Excellence today, offering dealers a wide variety of programs, including introductory and advanced courses in used-vehicle management, general management, service management, sales management, financial management and e-commerce management. All of the courses are designed to provide comprehensive, real-world strategies tailored to […] [Read More]

PASADENA, Calif. — Rusnak Pasadena Porsche, a part of the Rusnak Auto Group, recently learned its certified pre-owned sales volume was the highest in North America last year. Rusnak officials attributed the success to "paying attention to minor details across all aspects of operations." General Manager Mark Umutyan expanded on that theme. "We went into 2009 […] [Read More]

SANTA MONICA, Calif. — Based on transaction data, current customer and dealer incentives as well as federal tax credits, TrueCar revealed what it believes are the best deals for 2009 and 2010 hybrid vehicles. Taking top spot for the current model year was the 2010 Ford Escape, which surpassed seven other domestic vehicles that TrueCar listed […] [Read More]

CHARLESTON, S.C. — PureCars and Carfax recently entered into a partnership meant to boost the value of a dealer's inventory that's listed on the Web site. The agreement means dealers can give all visitors to PureCars.com free access to Carfax Vehicle History Reports, which they have purchased for their inventory. One dealer shared how this arrangement would be […] [Read More]

CARY, N.C. — The Pre-Owned Automobile Dealers Alliance, a national alliance of dealers and service providers specializing in servicing the pre-owned marketplace, recently added three new Partners to its growing list of industry members.  Black Book, the industry source for timely, independent and accurate vehicle valuation data and Web site-based lead conversion tools; Laser Appraiser, an […] [Read More]