Canadian used-car prices were up around 1 percent last month, despite the fact that many individual segments are seeing their values soften. The RVI Used Vehicle Price Index was up 0.9 percent month-over-month in March and climbed 1.1 percent year-over-year. Those figures are based on what RVI Group considers its “Real Index.” In the “Nominal […] [Read More]

The Ontario Motor Vehicle Industry Council announced it recently launched a province-wide multi-media campaign to increase awareness of all-in price advertising. OMVIC said it started the campaign following research the council conducted that showed some Ontario car dealers continue to add additional fees to their advertised prices — though it is illegal and disadvantages law abiding dealerships. […] [Read More]

While also addressing current industry developments such as Carvana’s financial moves and new-vehicle inventory levels, AutoNation chairman and chief executive officer Mike Jackson touched on what used models are “worth a premium in the marketplace.” And what Jackson described within that “premium” category likely aren’t necessarily the models that currently might be in your certified […] [Read More]

The Consumer Financial Protection Bureau said on Wednesday that Security National Automotive Acceptance Company (SNAAC) violated a consent order from 2015, demanding that the finance company make good on the redress it owes to consumers and pay an additional $1.25 million penalty. The CFPB initially ordered SNAAC, which specializes in working with servicemembers, to pay […] [Read More]

Following an apparently strong first quarter in the used-vehicle retail market, Edmunds is forecasting that there will be 3.6 million pre-owned car sales this month. That’s up from 3.4 million in March. The used-car SAAR for both months is 38.4 million, Edmunds said. According to analysis from Cox Automotive that cited NADA, used-car sales climbed […] [Read More]

Jumpstart Automotive Media discovered a 6-percent uptick in shopping for used cars across its portfolio of sites during the first quarter, which it attributes to a rise in shoppers looking for used luxury vehicles, in particular. Used luxury shopping is up 11 percent year-over-year, while down 3 percent for new, according to Jumpstart’s latest quarterly report, […] [Read More]

Cox Enterprises, parent company to Cox Automotive, announced that Alexander Taylor will succeed John Dyer as president and chief executive officer on Jan. 1. Taylor, who is currently executive vice president and chief operating officer of Cox Enterprises, oversees the Cox Communications, Cox Automotive and Cox Media Group branches and the company’s long-term growth and […] [Read More]

Cherokee Media Group, publishers of Auto Remarketing and other auto industry trade publications, has launched the Auto Remarketing Podcast. This weekly dose of auto industry news and conversation will go deeper into the stories you read in our print and daily online publications. Episodes will be hosted by Auto Remarketing senior editor Joe Overby and/or […] [Read More]

Auction Academy recently announced that its fifth class group has completed its first two sessions of the year, following two days of training, a seminar on selling vehicles online, and two field trips, The continuing education program for auto auction industry professionals welcomed its newest class group for its first day of training on April 6 […] [Read More]

In celebration of Earth Month, Manheim announced the following three sustainability goals for the year: offsetting carbon emissions by 3,000 tons at its facilities, saving 2.5 million gallons of water and achieving zero waste to landfill at one site. “Conservation is a big part of Manheim’s culture, fueled by the ongoing commitment to sustainability that […] [Read More]