WASHINGTON, D.C. — A Wyoming used-vehicle dealer convicted of 11 counts of deception-related felonies was sentenced to more than three years of prison and another three years of supervised release, the Justice Department announced this week. Randy Lee (aka Jimmy Lee) was found guilty of five counts of odometer tampering, five counts of securities fraud related […] [Read More]

MIAMI — Apparently, more consumers are looking to escape their leases to take advantage of the strong incentive deals now available in the market, according to LeaseTrader.com. Drivers who entered leases after the credit collapse generally signed up for contracts that didn't include much in the way of incentives or aggressive pricing, officials pointed out. Now […] [Read More]

ATLANTA — After moving up the previous leader of its Canadian business segment earlier this year to a newly created position in America, Manheim recently welcomed a new vice president of operations for Manheim Canada, promoting Brad Hart to the position from his prior post as general manager of Manheim Toronto. Auto Remarketing Canada learned this […] [Read More]

TORONTO, Ontario — Honda Canada has brought in a new president and chief executive officer to take over for Manabu Nishimae, who became operating officer for regional operations, Eastern Europe, the Middle and Near East, and Africa on April 1. Arriving in Canada and taking the president position was Masahiro Takedagawa, whose previous post was as president […] [Read More]

LONDON, Ontario — CarProof announced earlier this week that it has promoted two of its sales team leaders. The company named Shawn Vording director of dealer sales for Western Canada, while taking on the role of regional vice president of dealer sales for Ontario is Chris Alfonso. Vording was most recently a regional sales manager in the […] [Read More]

ORLANDO, Fla. — As the price of gas rises at the pump, in addition to driving up the cost of ownership for operating vehicles, it has also apparently had a negative impact on the resale values and depreciation of certain models, according to the AAA Your Driving Costs Study released Thursday. Apparently, gas prices have jumped by double digits since the last time the […] [Read More]

OAK BROOK, Ill. — vAuto has rolled out enhancements to its Live Market Merchandising Module that are designed to help dealers more effectively manage used inventory processes. These upgrades allow dealers to upload and customize vehicle photographs, produce window stickers and transmit listings to online marketing channels. "The expanded vAuto system provides our customers one central […] [Read More]

DETROIT — To help dealers capitalize on the arrival of the spring season that may bring shoppers interested in the certified pre-owned segment, GM Certified Used Vehicles has rolled out special financing from GMAC Financial Services on select Pontiac G6 and Chevrolet Malibu models.  Specifically, qualifying shoppers can receive 3.9-percent APR financing for up to 60 months […] [Read More]

ATLANTA — Sharing some positive news, AutoTrader.com president and chief executive officer Chip Perry said he connects the increased activity his site witnessed in March on used full-size trucks as an indication of an upward turning economy. More specifically, Perry indicated that growth in used inventory searches for the Dodge Ram 2500 and Ford F-250 were up by […] [Read More]

BETHESDA, Md. — The Automotive Aftermarket Industry Association recently released some preliminary data from its annual Aftermarket Factbook. Among some of the findings was a jump expected this year in U.S. motor vehicle aftermarket sales. How big is the jump? 3.8 percent. Association analysts attributed the increase partly to anticipated pent-up demand for vehicle maintenance and […] [Read More]