To be sure, new-car sales in Canada have been on a tear in recent years. Citing data from WardsAuto, Jumpstart Automotive Media points out that Canadian new-car sales have increased for eight straight years and set records for five straight years — including this first: eclipsing the 2 million unit mark last year. But based on […] [Read More]

Cox Automotive is seeing how actions by the Federal Open Market Committee (FOMC) at the Federal Reserve is impacting auto-financing activities as well as other major segments of the automotive space. Cox Automotive chief economist Jonathan Smoke recapped that the FOMC voted unanimously on Wednesday to increase the federal funds rate for the seventh time […] [Read More]

More dealer assistance is set to arrive this summer, especially for buy-here, pay-here operators who have to juggle the end-to-end process of finding inventory, reconditioning vehicles and finalizing deliveries. Stemming from dealer feedback to make a challenging audit process easier, NextGear Capital will be introducing a self-reconciliation tool that is designed to save dealers time […] [Read More]

Through five months of 2018, certified pre-owned sales continue to  look strong for a few automakers reporting results to Auto Remarketing Canada. Volkswagen, for example, had its best-ever May. It moved 1,938 CPO units, which was up 36.2 percent year-over-year.  VW’s year-to-date sales of 8,283 units are up 29.8 percent. Audi sold 815 certified pre-owned vehicles […] [Read More]

A new vice president is now in charge of implementing the ADESA Canada dealer sales strategy, ADESA, a business unit of KAR Auction Services, announced Wednesday. The company has chosen Steve Langdon, who has already spent 15 years at KAR, to serve as ADESA Canada VP of dealer sales. Langdon was most recently senior director of […] [Read More]

CarAdvise and consumer-focused vehicle protection company CARCHEX have come together to provide consumers with discounted pricing on car maintenance services at more than 20,000 automotive repair shops across the country. This follows the news from October that CARCHEX partnered with CarMD last year to provide CarMD Garage customers with $100 off CARCHEX vehicle protection plans. According to […] [Read More]

Amid a backdrop of companies in the wholesale automotive space investing in mobility, Manheim opened a 20,000-square-foot Retail Reconditioning facility at its San Francisco Bay location on Wednesday that will serve new vehicle mobility providers, along with the auction company’s more traditional customer base of dealers and commercial consignors. The $500,000 facility is part of a […] [Read More]

Operators feeling charitable can help the National Independent Automobile Dealers Association next week. For the sixth consecutive year, ADESA, a business unit of KAR Auction Services, will auction off a premier vehicle during the NIADA Convention and Expo to benefit the NIADA Foundation. This year's vehicle is a silver 2018 Honda Accord sedan with a […] [Read More]

Mazda is taking an extra step to ensure recalled vehicles it has manufactured are repaired, especially units with faulty Takata airbags. CCC Information Services announced on Wednesday that it is working with Mazda North American Operations (MNAO) to address vehicle safety, creating a new method for the automaker to identify recalled vehicles and help third-party […] [Read More]

Don’t be surprised if some of the stores along “car row” in your market undergo a major ownership change some time before the end of the year. According to the latest Blue Sky Report released this week, Kerrigan Advisors is expecting 2018 to be an active year for dealership buy/sells with an increasing number of […] [Read More]