AutoCanada said last week it will soon welcome its first Ford store, agreeing to buy Rose City Ford Sales Limited in Windsor, Ontario. The 65,000-square-foot Rose City Ford dealership includes an 11-car showroom, 28 service bays and a collision center. Ford Motor Co. of Canada and AutoCanada have signed a letter of intent regarding future […] [Read More]

Late-model auction volume for full-year 2018, consisting of vehicles up to 5 years in age, still appears poised to beat year-ago figures by an estimated 6 percent to 6.5 percent. That’s according to J.D. Power Valuation Services, which included an auction volume forecast in its latest edition of Guidelines released Tuesday. Through 10 months of […] [Read More]

Edmunds is calling for 3 million used-car sales this month, and while that would be lower than what the market reached in October, the company is calculating that the seasonally adjusted annualized rate for November will actually be higher. Specifically, Edmunds is projecting a 39.8 million used-car SAAR for November, compared to 39.6 million last […] [Read More]

As October wholesale-price shifts fell in line with movements witnessed during the past five years, J.D. Power Valuation Services is expecting November readings to edge slightly lower. And with the end of the year in sight, analysts also touched on where wholesale prices could land by the time 2018 closes. Included in the latest installment […] [Read More]

The Federal Trade Commission called for a balanced approach that protects both consumer privacy and innovation in a comment submitted to the Department of Commerce’s National Telecommunications and Information Administration (NTIA) as part of that agency’s consumer privacy proceeding. In its comment to NTIA, the FTC emphasized its extensive experience in protecting consumer privacy and […] [Read More]

On the heels of landing a trio of clients as well as an enhanced relationship with Digital Recognition Network (DRN), Consolidated Asset Recovery Systems also added to its executive team. Consolidated recently announced that it has named Jeff Rau as national software sales director for the IBEAM platform. In this role, Rau will promote and […] [Read More]

Two kinds of vehicles that might turn the quickest on your lots might have become a little more affordable at the sale you frequent. The latest Market Insights Report from Black Book noted a pair of vehicle segments sustained the largest price drops of 2018. Here’s how Anil Goyal, executive vice president operations for Black […] [Read More]

General Motors Financial rewarded dealers who were quick to acquire vehicles from the consignor with a speed-themed experience. Last month, 24 GM dealers from across the U.S. and Canada answered the challenge and won the trip of a lifetime in the fourth annual GMF Challenge. As top purchasers on GMF DealerSource over a two-month period […] [Read More]

Wholesale vehicles with dents, dings, squeaky wheels and other mechanical hiccups near the Alamo now can be buffed and repaired by Manheim more efficiently. To deliver a better way for clients to do business and prepare for their growing needs, Manheim recently invested $1.8 million in a new 11,000 square-foot mechanic shop for Manheim San […] [Read More]

After seeing data from the Federal Reserve, Swapalease.com expected its vehicle-lease transfer approval rate to improve in October. Site officials determined lease credit applicants registered a 70.9 percent approval rate in October, a slight rise from the September rate of 69.8 percent. The year-over-year improvement was much more robust as Swapalease.com mentioned just 55.6 percent […] [Read More]