Canadian Black Book announced it recently adopted a new director of sales and customer experience to join its team. Chosen for the position is Rui Nunes, who formally joined the company on Jan. 23. “Our team at Canadian Black Book just got another serious jolt of high-end auto industry expertise and proven talent, and I can’t […] [Read More]

Fifty percent of millennials plan to own each of their vehicles for less than five years, according to Autolist.com, and rather than investing in rental cars, millennials are buying cars — and they’re buying more used than new, says Crowdtap. The two recent studies examined millennial vehicle purchasing and driving trends. Cost and environmental efficiency […] [Read More]

Integrated Auction Solutions announced this week that it has launched a simulcast platform with new features that include a redesigned bidding interface called HyperLane. This month, IAS also plans to launch IAS Marketplace and CoRe. The latter is what the company said in a news release is “IAS’s version of an agnostic fully mobile condition […] [Read More]

The benefits of certified pre-owned programs are as varied as those of a five-tool baseball player: in addition to the consumer peace-of-mind and brand-building perks, they can help protect residual values and soak up off-lease volume bumps. But there’s a tricky dynamic, says Anil Goyal of Black Book, who points out that there is a […] [Read More]

When you make your way to the annual Auto Remarketing Canada Conference this spring, you will likely notice one big change, in particular, to our agenda. In response to feedback from our attendees, we are expanding the content offerings for the event this year to include tracks. In addition to the large-scale keynote sessions and […] [Read More]

In the latest installment of the annual Best of BHPH issue of BHPH Report, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. Next up in this series is Russ Algood, chief executive officer of Ace Motor Acceptance Corp. BHPH […] [Read More]

Reynolds and Reynolds Canada and BMW Group Canada announced a new, multi-year agreement between the two companies for Reynolds to provide its dealership management system — ERA-IGNITE — to all BMW and MINI retailers in Canada. "The business pressures on automobile retailers continue to increase, from changing markets to changing consumer expectations for how cars […] [Read More]

Earlier this week, Hyundai Auto Canada Corp. said it has teamed up with U.K.-based Reevoo, a user-generated content platform provider, to gather reviews from Hyundai drivers. The ratings are set to be published on the forthcoming new consumer website from the car brand. This is Reevoo’s first deal in North America, having made long-term partnerships […] [Read More]

When the Federal Open Market Committee’s first opportunity to make another interest rate adjustment arrived this week, the Federal Reserve unanimously passed on making another increase, maintaining the target range for the federal funds rate at 0.50 percent to 0.75 percent. In explaining their decision, Fed officials said in a statement that information they received […] [Read More]

Car sales in December closed exceptionally strong because there was likely a pull forward effect, especially given a number of attractive incentives offered across the industry. January may be suffering a bit of a hangover after the impressive deals seen at the end of last year, according to, Alec Gutierrez, senior analyst for Kelley Blue […] [Read More]